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Barry Ritholtz: Retirement Savers Really Do Need Government Help

TedTed
in Fund Discussions
FYI: The good news is that the Department of Labor’s fiduciary rule, which states that any broker or manager offering advice on retirement-savings accounts must put the clients’ interests first, looks like it will survive. It goes into effect officially on June 9.

The bad news? There is no evidence that Secretary of Labor Alexander Acosta either understands the reasons for the rule, or believes it is important. He makes that much clear in an op-ed in the Wall Street Journal:
Regards,
Ted
https://www.bloomberg.com/view/articles/2017-05-24/retirement-savers-really-do-need-government-help

Comments

  • CrashCrash
    Not surprised. There will never be a more clueless White House.
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