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Nearly 8 out of 10 investors say they are tapping into some form of financial advice in planning for retirement, but there’s a wide variety in how that is happening, and who is taking advantage of it, according to a new Gallup poll.
Responding to a question from an advisor in in Minneapolis, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry related to the new My Retirement Accounts, or “MyRAs.”
The U.S. Department of Labor has published a request for information on the use of brokerage windows, self-directed brokerage accounts and “similar features” in 401(k)-type plans.
On the heels of the CFP’s ongoing debate about the definition of a “fee only” advisor and pending SEC and DOL rules on the definition of fiduciary, ThinkAdvisor editor-at-large Bob Clark raises the question of whether a fiduciary advisor can or should accept commissions.
Are 401(k) participants are more likely to have someone change the oil in their car than to have someone help them choose their 401(k) investments? That's what a new survey claims.
Individual retirement accounts (IRAs) currently represent about a quarter of the nation’s retirement assets; and yet, despite an ongoing focus on the accumulations in defined benefit (pension) and 401(k) plans that have, via rollovers, fueled a significant amount of this growth, a detailed understanding as to how these funds are actually used during retirement has, to date, not been as well understood.
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