So much hand-wringing over such a simple proposition: When a financial professional gives you advice about the life savings in your retirement account, that person ought to act in your best interest.
It took several years for this fiduciary rule to gain approval — firms are supposed to begin following the new rule in April — thanks to pushback from people in the financial services industry. Then, last week, President Donald Trump told the Labor Department to study this uncontroversial (and already much-studied) proposition, which he wants to upend.
"Pepper a Financial Adviser With Questions About Fees" is from the February 10, 2017 Business section of The New York Times. It was written by Ron Lieber and narrated by Paul Ryden.