Press Play with Madeleine Brand
New Retirement Rules
When you go to a financial adviser to figure out your retirement plan, that adviser is not required to act in your best interest. But a new rule working its way through the federal system would change that, and make it mandatory for retirement advisers to actually work for the people who hire them.
By Madeleine Brand • • 1 min readWhen you go to a financial adviser to figure out your retirement plan, that adviser is not required to act in your best interest. But a new rule working its way through the federal system would change that, and make it mandatory for retirement advisers to actually work for the people who hire them. It’s something President Obama has been pushing to get for years and it could finally go into effect in the next few months. What difference will it make?
