Sarah Krouse
speaker
133 appearances
3 recordings
1 series
first heard Apr 2018
last heard Aug 2020
Sarah Krouse’s voice in public audio — every appearance, attributed to the second.
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Appearances
And so that's where unrealistic promises, demands, market forces end up sort of taking their toll.
No, it hasn't been.
And another factor that complicates all this is unrealistic investment return assumptions.
From an actuarial perspective, yet another pressure point in that is that people are living longer than when some of those assumptions were formed.
So you have this sort of storm of obstacles that overall lead to this reality, which is that many of these pension funds simply don't have enough money.
Whether they're retirement ready.
So you can put in what you've saved so far, how old you are, the percent of your income you'd like to have in retirement.
You can sort of tinker with those variables to get a sort of broad sense of your financial wellness or retirement preparedness.
Thank you.
No, it is sort of the latest in a number of big wealth managers that have either simplified or altered its fee structures.
Some of these changes have been prompted by the Labor Department's fiduciary rule, which its future is a bit uncertain at this point.
But the sort of advent of it in recent years has prompted a number of changes that consultants say are unlikely to be reversed, even if the rule doesn't survive.
Well, the rule was created under the Obama administration and went into effect in April of last year, but has since been challenged under the Trump administration.
And so it may eventually be repealed or changed, but it has already led to a number of fund fee reductions, as well as changes in the pricing structure of wealth management.
And
And to be clear, that rule was meant to apply to retirement advice specifically.
So it required brokers to act in their customers' best interest or to put their interests ahead of the broker's own.
But the sort of tenets of that have seeped out across the broader financial and wealth management space.
No.
So what Fidelity's change does is sort of combines into one new fee structure what were previously a number of different structures that depended on the assets under management a customer had, what their investing preference was, i.e., was it a portfolio of only Fidelity funds versus index funds offered by a number of different firms, etc.
Showing 101–120 of 133 · page 6 of 7
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