After being delayed, the Department of Labor’s fiduciary rule – which requires that all financial professionals put the best interests of their clients first when it comes to retirement accounts – is set to be implemented (for now) on June 9. But beyond eliminating conflicts of interest, will the rule make it less expensive to invest for retirement? Today’s article looks at the provisions of the rule – including how it will usher in two new classes of low-fee shares (T shares and clean shares) – and what their potential impact on retirement savings may be. To read more, CLICK HERE.
If you have a large sum of money that you want to invest for retirement, the commonly-held financial wisdom is that you should use the dollar-cost averaging strategy and move that money into the market gradually so that the entire amount is not at risk of a market setback. But, as today’s article explains, it turns out that this seemingly smart strategy may not be so smart after all and that “the smarter play is to take the plunge and invest all at once.” To read more, CLICK HERE.