fiduciary rule

[wanaberetiree]

Can somebody explain to me why this rule is bad to us in non-partisan way?

What Is the Fiduciary Rule? Why Is Donald Trump Killing It? | Money

 

[KCGeezer]

Nope

 

[Ready]

Fortunately for the people on this forum, we don't really need the fiduciary rule to keep slick financial salespeople away. We know better. But for most of America, they have no idea whether the financial advice they are getting is in their best interest.

I can only surmise the resistance to it is just because it is "regulatory" in nature, and therefore must be bad.

 

[Sunset]

I can, but I would have to lie since it would be good to have investment folks act in our best interest rather than try to increase their own fees by acting in their own best interest.

 

[Ticker]

it's payback for all of the wall street bankers trump has accumulated in his cabinet. if you really like to pay a financial adviser lots of your money to recommend that you invest in a highly loaded fund that rebates him part of the load, then you should be ecstatic. free markets at its best.

 

[Just_Steve]

I smell bacon.

 

[MichaelB]

The Fiduciary Rule is under review by the DOL, and to date no specific proposals have been made. When measures are announced for consideration or review we can assess and discuss the impact on early retirement. Until then any discussion is speculative, and while political speculation is interesting, it is not something we encourage on a non-political forum like e-r.org