Make Sure Your Finanical Adviser Is a Fiduciary

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By Reid Abedeen

When it comes to their retirement plans, what investors don’t know definitely can hurt them—a lot.

That’s why the U.S. Department of Labor thought it was necessary to step in recently with new rules that will require all financial professionals to adhere to the fiduciary standard when they’re doling out recommendations to their clients about how to handle their qualified retirement plans and individual retirement accounts.

These new rules are being phased in and won’t be in effect completely until January 1, 2018. But they could help investors make better decisions when choosing their financial professionals from the onset simply by bringing the subject to everyone’s attention.

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