Study: DOL's fiduciary proposal would cost retirees dearly

04/24/2014 | BenefitsPro.com

A study by Quantria Strategies finds that the Department of Labor's proposed fiduciary rule could lead to the loss of $20 billion to $32 billion in retirement savings. The rule would leave more employees without financial advisors and thus vulnerable to making poor decisions. According to the study, speaking with a financial advisor makes departing workers 3.2 times less likely to take their retirement savings in cash.

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