About this episode

The episode discusses the misleading language in financial sales practices and the implications of rolling retirement funds into IRAs.

This episode exposes the misleading language behind “best interest” financial sales practices, using the insurance-backed fight against the Department of Labor’s fiduciary rule as the main example. Don and Tom explain why rolling money from a 401(k) or 403(b) into an IRA can leave investors vulnerable to commissions, conflicts, vague disclosures, and expensive products dressed up as advice. They break down the difference between true fiduciary advice, so-called best-interest standards, and ba...

People in this episode

Hosts: Don McDonald, Tom

Topics covered

• financial sales practices
• fiduciary rule
• 401(k) to IRA rollover
• investor vulnerability
• fiduciary advice

Keywords

• best interest
• fiduciary advice
• financial commissions
• 401(k)
• IRA
• vague disclosures
• expensive products

Mentioned in this episode

Organizations: Department of Labor

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