FIREd_2015
Recycles dryer sheets
"...Americans will get new protections for the trillions of dollars that moved out of their 401(k)s and into individual retirement accounts, under Labor Department regulations released Tuesday...The new regulation would extend Erisa’s fiduciary requirements to all advisers...who provide advice on IRAs, including rollovers. The change starts going into effect on Sept. 23, though it might face legal challenges. The industry will then have another year to fully comply...In 2022, investors moved $770 billion into IRAs from 401(k)-type retirement accounts, up from $404 billion in 2013...There might be another wave of lawsuits to block the effort...