New rules to protect your retirement? « Bankrate, Inc.

April 18, 2015 4:38 AM

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New rules to protect your retirement? «  Bankrate, Inc.

After much public debate, congressional hearings and presidential fanfare, the Department of Labor, or DOL, has finally unveiled its new proposal for safeguarding retirement accounts.

The new rule would expand the definition of fiduciary investment advice and would apply to advisers to workplace plans such as 401(k)s as well as individual retirement accounts, or IRAs.

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