Did you know investors may not have your best interest at heart?
Did you know investors may not have your best interest at heart? The Labor Department says retirement savers lose an estimated $17 billion a year due to questionable financial advice. But according to the Washington Post, there’s a new regulation going into place to protect you and your savings. The new regulation is called the “Fiduciary Rule” and will make it more difficult for brokers to recommend investments that could result in a bigger commission for them – even if they’re not right for you. The goal of the regulation is to protect hard-working people saving for retirement here in the United States.
Read more about the ‘Fiduciary Rule‘.