"A new move by President Donald Trump may mean higher costs for individual investors and retirement plans, especially 401(k)s offered by small businesses. The good news, though, is that you can protect yourself against his order, which delays and reconsiders the so-called fiduciary rule, if you ask the right questions."
"Brokers often get incentives
to steer clients into certain financial products, which can charge very
high fees. President Barack Obama’s White House had estimated that
these conflicts of interest were costing American investors $17 billion a
year. The Department of Labor’s fiduciary rule, scheduled to go into
effect in April, would have fought this, requiring financial advisers to
put clients interests before their own when providing advice on
retirement accounts." Writer Ben Steverman suggests asking your adviser 3 questions:
1. Are you a fiduciary?
2. How are you paid?
3. What are my fees?
Read the details: https://www.bloomberg.com/news/articles/2017-02-03/three-ways-to-protect-your-401-k-from-donald-trump