If accomplished, the Department of Labor's new fiduciary rules could be a much needed game-changer.

According to the Government Accounting Office’s 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.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access