Will a Broader Fiduciary Definition Help Us Save for Retirement?

 

In 1974 the Department of Labor passed the Employees Retirement Income Security Act (ERISA) to protect pension plan investors, which eventually came to govern 401(k) plans and other similar defined–contribution plans. The retirement savings landscape has changed significantly over the past forty years, characterized by a shift from defined benefit pension plans to defined contribution plans, which put the retirement savings onus on individual savers and investors. More recently, the DOL’s has proposed a Conflicts of Interest Rule, or more commonly called the “Fiduciary Rule,” to better protect retirement savers by modernizing ERISA and expanding the definition of fiduciary.

READ MORE

© 2018 Coldstream Capital Management, Inc. & Rainier Group Investment Advisory LLC d.b.a. Coldstream Wealth Management. All data shown includes information from combined entities. All Rights Reserved.