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Costly Regulations Will Reduce Your Retirement Options
(By - Logan Albright, www.theblaze.com)
The Department of Labor is pushing a new regulation that will limit consumer choice when it comes to retirement savings, and like everything the government does, it’s going to wind up costing you a lot of money. The rule would impose greater regulations on brokers of retirement accounts such as 401ks and IRAs, to whom people turn for investment advice. Why are stricter rules needed? The proposed rule claims it’s because people generally cannot “prudently manage retirement assets on their own” and therefore the government has to come in and do it for them. Read more…
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