If accomplished, the Department of Labor's new fiduciary rules could be a much needed game-changer.
According to the Government Accounting Offices 2014 report, in 2011 (the most recent year available) 43 million taxpayers had IRAs with a total reported fair market value of over $5 trillion. And, per the American Benefits Council, 88 million taxpayers had defined contribution accounts, totaling $4.5 trillion in 2013.
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