Despite its claims to be for “all Americans,” The Trump Administration is moving fast to repeal the historic pro-investor fiduciary ruling that let’s 401(k) investors know the fees, expenses and conflicts-of-interest their financial advisor and 401(k) providers are receiving when selling them mutual funds and annuities for their retirement accounts.
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By now, anyone seriously interested in Exxon’s long and twisted history in the oil industry worldwide can readily find information about its dealings with dictatorships, criminals and shadowy politicians to extract and export black gold from the far reaches of the earth. But, the proposed appointment of ex-Exxon Rex Tillerson
People planning for retirement, along with financial professionals who do retirement planning, should incorporate the risk of medical bankruptcies into contingencies as the Trump administration moves to shift more of the costs of medical treatment to individuals as part of their new conservative policy regime. Bankruptcies due to medical costs
Bad News For the Retirement Industry: 401(k)s and IRA’s Fail Compared to Pension Plans and Milton Friedman Was Wrong
Two of the cherished gems of the investment and retirement industries are being criticized as failing and this means more bad news for Americans planning for retirement. The first gem to be tarnished was shown in an eye-opening research report from the Economic Policy Institute about the failure of 401(k)s and
Every day, about 60,000 baby boomers turn 65 and whether they retire or not, they are entering the older part of the population in greater numbers than any other time in U.S. history. According to the National Institute of Health, there are about 35 million Americans over age 65 and