Teachers Now In Insurance Agents Crosshairs After DOL Rule
403b.substack.com
The long awaited Department of Labor (DOL) Conflict of Interest rule was finalized this morning. This is a good thing. In fact, it's a great thing. The DOL managed to do something many thought impossible in this day of special interests dominating Washington. I am proud of the DOL and wish them a sincere congrats. It was a job well done and a long, hard fight. Unfortunately, the new (some would say revolutionary) rule does not apply to non-ERISA retirement plans such as the 403(b) and 457(b), plans which millions of government employees contribute to instead of a 401(k).
Teachers Now In Insurance Agents Crosshairs After DOL Rule
Teachers Now In Insurance Agents Crosshairs…
Teachers Now In Insurance Agents Crosshairs After DOL Rule
The long awaited Department of Labor (DOL) Conflict of Interest rule was finalized this morning. This is a good thing. In fact, it's a great thing. The DOL managed to do something many thought impossible in this day of special interests dominating Washington. I am proud of the DOL and wish them a sincere congrats. It was a job well done and a long, hard fight. Unfortunately, the new (some would say revolutionary) rule does not apply to non-ERISA retirement plans such as the 403(b) and 457(b), plans which millions of government employees contribute to instead of a 401(k).