Retirement Advisory: Forgotten Men And Women Forgotten Already By Trump?

CNBC, the Financial Times, and the Wall St. Journal all report President Trump may scrap the retirement advisory rule set to go into effect next April. Trump may hate rules and regulations, and his “forgotten men and women” may be ecstatic and delirious right now, but if they have retirement accounts, getting rid of a regulation that protects savers by imposing a fiduciary duty on people selling advice on 401K accounts is going to cause a boomerang effect. Whether Trump ever gets blamed for that, who knows. But governing is a whole new world for him. How much ammunition does he want to hand to Senator Elizabeth Warren and Senator Bernie Sanders?

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