Now is the ideal time for advisors to turn 401(k) account holders into clients, he said.
The sector has lagged the market over the past 10 years, the group said in a research report.
The president's budget proposal would also end backdoor Roth conversions for the wealthy.
The rules should remind advisors of how important IRA rollover decisions are to clients
Investors in small retirement plans and those who roll over into annuities will reap the greatest savings, researchers found.
Three experts weigh in on the motion for an injunction against the new rule and hopes to vacate it.
Such activities need to be specific and scripted to avoid violations, an industry attorney warned.
Long before the assets move, important decisions are being made about you.
A survey of investors found 42% of them were dipping into retirement savings to make ends meet.
Insurance regulators and the annuities industry also give tougher regulations a thumbs-down.
The Department of Labor lacks an understanding of what constitutes retirement security.
The controversial rule expands the fiduciary requirements when clients are given advice on retirement account rollovers.
History suggests that reducing risk isn't the right long-term strategy for managers of retirement accounts.
The retirement surge will impact people's lives and the national economy, a former Clinton administration official said.
Few in the advisory industry view the fiduciary proposal as a cure-all.
CFP Board General Counsel Leo Rydzewski also feels the DOL fiduciary rule can withstand a court challenge.
A good year in the markets also means higher required distributions from retirement accounts.
The amount of seven-figure retirement accounts at Fidelity Investments surged in the fourth quarter of 2023.
The new certification is meant to get members thinking about clients' 401(k) income.
The intellectual case for getting rid of tax-advantaged retirement plans is strong, and the political case is catching up.