Will They Do What's Best?

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 9 May 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. Labor Department is going to try again to hold some of those who provide advice on retirement assets to actually act in their clients' best interests. Will this new rule actually go into effect this time and who might it protect. Then we take your questions: What to we think of Keith Fitz-Gibbons investing advice? What's the best way to cover three years of expenses before collection Social Security? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.1	18 plus subscription required season C's apply.
0:34.9	Reality radio for a really great future.
0:38.0	We're talking real money.
0:40.8	All right, let's rewind this.
0:42.8	Okay, there we go.
0:44.2	Okay, we're going to try this again.
0:47.2	What am I talking about?
0:48.3	Oh, oh, several years ago, we got all excited, several, many thousands of years ago.
0:53.7	Yeah.
0:54.3	We got very excited about the fact that the U.S. Department of Labor was going to aggressively
1:00.2	manage the behavior of people who provided advice on retirement plans, particularly on
1:08.8	rollovers of IRAs.
1:14.3	It was, it is the Wild West. When you go to roll over an IRA or a 403B out of your retirement plan. Yeah, you get to roll into it. You end up
1:20.2	getting often advice that is not just bad. It's abhorrent. It is, it should be illegal.
	...

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