In the final analysis, we may get the best of both worlds, a reduced regulatory compliance burden with a market that imposes the fiduciary standard.
Compliance
It’s very possible, if not very likely, the vast bulk of retirees want to simple relax. Chances are they’re more ready than others think, and just as ready as they want to be. Maybe that’s the metric every fiduciary should be focusing on.
The world of finance is unforgiving. You can’t sweet talk your way out of a bad decision and, quite often, a blunt demeanor can get a job done more effectively and efficiently than the soft ambiguity of diplomatic language.
It’s never too late to get ready for retirement, even if you think it’s too late.
Even if a President Trump rescinds the DOL’s Conflict-of-Interest Rule, the spirit of the Rule may live on.
Dire prediction for Social Security, when it rains it pours (for fees), and two sides of the same investment coin.
We hold these fiduciaries to be self-evident… This is not the beginning of the end, it is the end of the beginning…
Any regulation that requires 10 pages of explanation for every page of regulation is bound to have something good, something not-quite-good-enough, and something not-so-good.
Time constraints, compliance complexity, and costs impede the creation of 401k plans in smaller businesses.
Solving a political meme does not solve the problem.
