We have written before about the emotional reactions investors experience when markets change. It’s perfectly normal to worry about your retirement investments. Part of our job as financial advisors is to keep individuals from making decisions based on these emotional reactions. Sometimes we talk about this in terms of making rational or irrational decisions during market disturbances.
Our clients may have been hearing about fundamental changes in the regulation of investment advisors specifically directed towards advice provided on retirement accounts. We have written several pieces about this over the last year, and just last week, Vinton was featured in the Wilmington Star News discussing this topic. A link to that article is here:
Many investors may have read that the Department of Labor (DOL) announced a substantial overhaul in the regulation of financial advice given on retirement savings. This new rulemaking will likely change how investment advice is provided to investors who have retirement accounts. Most Americans have some participation in retirement savings through an IRA, 401K or other qualified retirement plan. This regulation is designed to enhance consumer protection.
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