retirement

The Cost of Not Rolling Over 401(K)s to the IRA Because of the Fiduciary Rule

Retirement savers who have changed jobs or retire often reoptimize and roll over their 401(k)s into an IRA. Unfortunately, because of the Department of Labor’s new fiduciary rule – which subjects broker-dealers and IRA managers to heightened disclosure, reporting, and compliance burdens that will significantly increase their costs of doing business – it looks like retirement savers with lower account balances will have a hard time even finding somewhere to house their accounts. This is bad news for savers.

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