4/8/2016 – Retirement Savings Made Safer

The road to retirement will be less rocky under new rules issued this week by the Labor Department. The rules require financial advisers to act solely in a client’s best interests when giving advice and selling investments for retirement accounts. The best-interest requirement, also known as a fiduciary duty, will be a big improvement on current practice, in which many advisers are free to steer clients into high-priced strategies and products even when comparable but cheaper ones are available.

Read the full article at The New York Times.