Obama Administration Wants to Regulate the Advice We Get From Retirement Planners

Rules and regulations that go beyond this basic principal of limited government go too far, but a disclosure requirement would be more closely aligned with good principles of limited government.

Norbert Michael, --April 1, 2015

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Now, it appears the Obama administration wants to control the advice we can get from retirement planners.
The administration announced it is moving ahead with a new Department of Labor rule designed to provide uniform fiduciary rules for anyone providing retirement investment advice. In general, a fiduciary standard requires financial advisers to put their individual client’s interests above their own. Although, this idea seems simple, there is a real danger to imposing a one-size-fits-all approach on an extremely diverse set of financial advisers. More...

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