townpete
Corn Field
- Joined
- May 30, 2008
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New Obama Regulations Will Push Private Retirement Savings Into Government Accounts
http://townhall.com/tipsheet/katiepavlich/2016/04/08/whoa-new-government-regulations-will-push-private-retirement-into-government-accounts-n2145490
"The Department of Labor says its so-called fiduciary rule will make financial advisers act in the best interests of clients. What Labor doesnt say is that the rule carries such enormous potential legal liability and demands such a high standard of care that many advisers will shun non-affluent accounts.
Middle-income investors may be forced to look elsewhere for financial advice even as Team Obama is enabling a raft of new government-run competitors for retirement savings. This is no coincidence."
http://townhall.com/tipsheet/katiepavlich/2016/04/08/whoa-new-government-regulations-will-push-private-retirement-into-government-accounts-n2145490
"The Department of Labor says its so-called fiduciary rule will make financial advisers act in the best interests of clients. What Labor doesnt say is that the rule carries such enormous potential legal liability and demands such a high standard of care that many advisers will shun non-affluent accounts.
Middle-income investors may be forced to look elsewhere for financial advice even as Team Obama is enabling a raft of new government-run competitors for retirement savings. This is no coincidence."
