IRAs

With retirement accounts being affected by the upcoming fiduciary rule, many advisers aren’t sure what their first step should be.

The bipartisan bill from by Sen. Elizabeth Warren and Sen. Mike Lee would allow these students to save their fellowship and stipend compensation in an individual retirement account.

Lawmakers and industry authorities discuss at the National Retirement Planning Week conference some of the initiatives employers could implement to help workers with retirement readiness.

In light of the DOL’s new rule, some advisers will have to define a new relationship with employers and may ask for additional fees.

Plan sponsors and advisers are still able to provide generic facts about retirement savings and 401(k) plans without being subject to the DOL’s new rule.

Retirement plan industry experts are greeting the Department of Labor’s plans, which will force employers to be more cautious when hiring advisers, with a mix of caution and optimism.