We hold these fiduciaries to be self-evident… This is not the beginning of the end, it is the end of the beginning…
Compliance
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.
Will the intrusion of government-sponsored retirement products unify a House currently divided by the Fiduciary Standard?
While everyone’s talking about the potential impact the DOL’s proposed new Fiduciary Rule will have on IRAs and the brokerage industry, the greater impact may be on recordkeepers within the 401k industry.
The DOL is poised to endorse the continued use of the very fees it claims are costing retirement savers billions per year.
Ultimately, to survive, Social Security must evolve into a defined contribution system and away from its current Ponzi Scheme structure.
Perhaps, when planning for retirement, self-security is more important than Social Security.
When it comes to being a fiduciary, the customer is, most assuredly, not always right.
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