"Understanding Financial Advice Amid Policy Debates"

As policymakers debate changes to financial advice rules, employees with 401(k) plans have options when leaving a company, including keeping the money in the current plan, rolling it over into an IRA, or buying an annuity. The Biden administration wants investment advice to come from a fiduciary, but some in the financial industry argue that this would create a regulatory burden. Experts advise retirement savers to review investment options and fees, understand how advisors are compensated, and seek fiduciary financial advisors.