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Biden Administration's New Retirement Rule: 5 Key Facts You Need to Know

The Biden Administration has finalized a new Retirement Security Rule, which will impact how investment advisers provide advice. Learn the key facts about the rule and how it could affect access to retirement advice for Americans.

The finalized Retirement Security Rule will impact how financial professionals provide advice to individual retirement account owners, employers, and plan fiduciaries. It will require investment advisers to act in the client's best interest, potentially saving Americans money. However, the rule is also controversial as it may limit access to investment advice for working-class Americans.