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Learn about the Department of Labor’s proposed rule for consumer protection. Monkey Business Images / Shutterstock.com
Millions of people roll over their workplace 401(k)s and other kinds of accounts into an IRA every year. Right now, brokers and investment advisors can provide guidance on those rollovers without upholding a fiduciary standard. However, new guidance from the Labor Department will mandate that the fiduciary standard be applied to advice on all retirement accounts, including rollovers.
