Independent Advisor Blog

Articles are about big issues affecting readers, individual or corporate.

Public Employee Pension Puzzle, Maybe Rhode Island Figured it Out?

Public Employee Pension Puzzle, Maybe Rhode Island Figured it Out?

By: Tim Hayes Financial Advisor - posted in: Employers Financial Planner - Last updated Jun 18, 2019

Back in the day before private employers dismantled their traditional pensions and replaced them with 401(k)s, if someone told you that they had a pension, you wouldn’t know whether they worked for the public or private sector.

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What the New Department of Labor (DOL) Fiduciary Rule Means to You

What the New Department of Labor (DOL) Fiduciary Rule Means to You

By: Tim Hayes Financial Advisor - posted in: Employers Investment Advisor - Last updated Jun 17, 2019

The Fiduciary Rule applies mostly to private sector retirement plans, such as 401(k)s, SEPs, SIMPLEs, and 403(b) plans that fall under ERISA. The administration believes the rule is needed because conflicts of interest are causing 401(k) participants and IRA owners to pay higher fees, resulting in smaller account balances.

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About Financial Advisor Tim Hayes

Independent Financial Advisor

Registered with Cambridge Investment Research, Inc., a broker-dealer with over 3,000 Registered Representatives nationwide. Investment Adviser Representative at Cambridge Investment Research Advisors, Inc., a $94B RIA based in Fairfield, IA. I've held an industry securities registration for 26 years and am subject to SEC and FINRA oversight.

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