Alliance Pension Consultants, LLC’s Post

“Requiring advisers to make recommendations in the savers’ best interest can increase retirement savers’ returns by between 0.2% and 1.20% per year. Over a lifetime, that can add up to 20% more retirement savings.” – The White House The article has a chart that compares the current 5-part test to the proposed approach. Alliance Pension Consultants, LLC #financialplanning #retirementplanning #401k #financialservices

Interesting perspective from the GAO that may prompt the IRS to take a more active approach in enforcing prohibited transaction rules against IRA fiduciaries. This will be of interest for retail and wealth management businesses . . .

Tuesday afternoon, Department of Labor (DOL) released its final Retirement Security Rule—also called the Fiduciary Rule—that it said will “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings.” Learn more about the rule here: https://lnkd.in/dBKGKVSt   #fiduciary #investmentadvice #srpretirementgeeks https://lnkd.in/dBKGKVSt

The Department of Labor has released the final version of the fiduciary rule, which will generally take effect on September 23, 2024. This rule safeguards retirement investors by ensuring their advisors act in their best interests and are free from harmful conflicts of interest. #FiduciaryRule #FinancialServices #RetirementPlanning #InvestorProtection

Tuesday afternoon, Department of Labor (DOL) released its final Retirement Security Rule—also called the Fiduciary Rule—that it said will “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings.” Learn more about the rule here: https://lnkd.in/gz9dZPnM   #fiduciary #investmentadvice #srpretirementgeeks https://lnkd.in/gz9dZPnM

Yesterday, the Department of Labor (DOL) released the long-awaited Fiduciary Rule, which establishes who is considered an investment fiduciary under ERISA. Have you considered how this will impact your vendor partners for your retirement plan? Stay informed and learn more about the Fiduciary Rule here: https://lnkd.in/gdTfrfpU

The new DOL Fiduciary Rule rule covers cases where an investor is saving for retirement through a workplace #retirement plan, such as a 401(k), or other type of retirement plan, such as an IRA. Check out Spencer Look, FSA and Lia Mitchell's take on its implications today. https://lnkd.in/g2gENAJA Important disclosures: https://lnkd.in/dFxr8gn5 …see more DOL Fiduciary Rule 2024: What It Means for Investors

Does your financial advisor act in your best interest all the time or just when required to? Last month, the U.S. Department of Labor released the Retirement Security Rule defining who an investment advice fiduciary is for purposes of the Employee Retirement Security Act (ERISA). Essentially, all advisors are now required to act as fiduciaries when handling 401k rollovers. Independent registered investment advisors already uphold this highest standard in all aspects of their relationship with their clients. This begs the question, wouldn't you prefer an advisor who always puts your best interest first, not just for your 401k? Learn more about the new rule here: https://bit.ly/3yDPatu Visit https://bit.ly/484eN3E to learn more about how we can help you connect with the right financial advisor. #DynastyConnect #FinancialAdvice #WealthManagement #IndependentRIA #FinancialAdvisor #FinancialServices

Tuesday afternoon, Department of Labor (DOL) released its final Retirement Security Rule—also called the Fiduciary Rule—that it said will “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings.” Learn more about the rule here: https://lnkd.in/gqAJqFM5   #fiduciary #investmentadvice #srpretirementgeeks

Tuesday afternoon, Department of Labor (DOL) released its final Retirement Security Rule—also called the Fiduciary Rule—that it said will “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings.” Learn more about the rule here: #fiduciary #investmentadvice #srpretirementgeeks