Next year millions of people will have direct access to information about expenses on retirement accounts.
The Department of Labor's Employee Benefit Security Administration announced a final rule requiring uniform disclosure to workers about what they pay for investment options in retirement plans.
The rule applies to Employee Retirement Income Security Act plans (ERISA) participants.
This potential $14.9 Billion impact can help people make better decisions for their financial futures if they are armed with the know how to get the best retirement options.
The rule will help people make choices because they can better understand the impact fees have over time.
Investors who have better understanding can make better informed decisions.
This information is not intended as and should not be construed as investment, tax or legal advice.
Information for retirees and future retirees on asset preservation and income planning. Last radio show featured on "Securing your Retirement" KLAY 1180AM. Opinions and views-not recommendation for sale or purchase of products. Consult with a financial advisor. Licensed insurance agent, investment advisor. Investment Advisory Services offered through Retirement Wealth Advisors, Inc., an SEC Registered Investment Advisor.
No comments:
Post a Comment
We welcome your comments