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What Does the 'Fiduciary' Rule Mean for You?

Thanks to the Department of Labor’s new "fiduciary" rule, which went into effect this week, you are finally legally entitled to retirement investment advice that serves your best interests, regardless of who provides that advice or how they choose to pay for it.

The rule requires all financial advisers, including broker-dealers and insurance agents, to act in their customers’ best interest rather than their own, charge reasonable fees and refrain from making misleading statements.

So what does that mean for you?

If you previously received advice from a non-fiduciary adviser, here are some of the key changes you can expect.

1. You should see new, more investor-friendly investment options recommended in your IRA.

In order to meet the best interest standard, your adviser may recommend new and different types of shares of mutual funds, such as "T" shares, that were introduced in response to the rule. These new shares can cut several percentage points off the sales charges you pay to purchase those funds. That’s money that will stay in your individual retirement account...

Ex-FBI Director James Comey seemed to suggest Thursday that the attorney general has a Russia problem. But it may amount to less than meets the eye.

The warrantless search occurred in April, the suit says, when deputies conducted a massive spot check of about 900 students at Worth County High School.

The warrantless search occurred in April, the suit says, when deputies conducted a massive spot check of about 900 students at Worth County High School.