Bye bye Fiduciary Rule - MAGA

:pine:

Huge for those retirees who rolled their 401k's and pensions into a personal IRA at a brokerage and are transitioning to more fixed income principal preserving vehicles, a natural progression in actually utilizing and budgeting those savings. X dollars in a percentage management fee for a relatively low maintenance fixed income portfolio is x dollars less available for those folks' needed IRA retirement income draw.

The irony is that that firms may have appeared as pursuing their own locked-in "fixed" income as opposed to an al la carte model in the name of sound business practices and in the best interest of the IRA clients under the rule. Modest IRA savers who wish to minimize expenses and lock-in their own fixed income or mix there of at a level of their own comfort, oversight, and risk while remaining at their firms are likely to be able to do so again. Just as the non-IRA account holders were allowed to do under the previous rule.

Bump

Engwish pwease.

Bump for good news