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Employers

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 - Last updated May 19, 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

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As an independent financial advisor, I have access to many financial products, including mutual funds, ETFs, stocks, bonds, annuities, and life insurance programs. I use these and other products to build custom solutions for people, according to their individual needs and goals

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