What the DOL's Fiduciary Rule Means for Consumers

The new regulations may cause some advisers to leave the game or raise their costs.

When the Department of Labor announced the revamped version of its fiduciary rule back in April, all kinds of talking heads—analysts, attorneys and, of course, politicians—were ready to chime in on its pros and cons. There's been a lot of chatter, but not a lot of answers.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Alan E. Becker, Investment Adviser
Founder, President and CEO, Retirement Solutions Group

Alan E. Becker is founder, president and chief executive officer of Retirement Solutions Group and RSG Investments, where he assists retirees and pre-retirees in the creation of retirement strategies. These strategies may include the use of insurance and investment products. He is the author of "Return on Investment or Reliability of Income? The True Meaning of ROI in the Golden Years." He is also the host of "Retire Right Radio with Alan Becker." Becker maintains a Series 65 securities qualification as well as insurance licenses in multiple states.