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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.
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.
Prepare today for the demands of tomorrow. Plan your move.
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
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.