5 Ways to Protect Yourself from Retirement Rip-Offs

5 Ways to Protect Yourself from Retirement Rip-Offs

The new rule, that protects retirement savers by setting a fiduciary standard for financial brokers, won’t be fully enacted until 2018. Meanwhile financial journalist Kathy Kristof pointed out 5 ways to avoid retirement rip-offs:

  1. Don’t buy from the bank as bankers are notorious for selling high-cost investments of dubious value
  2. Beware advisers inviting you to learn about retirement investments at hosted meals
  3. Stick to what you understand as good investments are straightforward
  4. Read as fiduciary rules will require anyone who sells retirement products to spell out any potential conflicts of interest
  5. Ask if you don’t understand an investment


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