If you have an IRA or participate in a 401(k) or other employer retirement plan, you may be impacted by a new rule from the Department of Labor (DOL), expected to impact millions of Americans. Many people utilize these plans to fund their retirement. These people often use a financial advisor to help them with investment decisions. The DOL Rule impacts all 401(k) plans and IRA accounts.
As a result of the DOL rule, we have been made aware of firms that have decided to stop offering or servicing existing investments held in clients’ accounts. In many cases, current providers are transferring clients’ accounts AWAY from a local representative, to a toll-free call center or are asking clients to transfer their accounts elsewhere.
If you are facing limited options for your existing IRA or retirement plan, or if you would like more information about how this rule may impact you, reach out to our knowledgeable team. We are local and are happy to share our expertise. Call today to schedule a FREE consultation and get REAL ADVICE from a REAL ADVISOR. To schedule an appointment, call (502) 315-5377. We are happy to assist!
Registered Representatives of INVEST Financial Corporation, member FINRA/SIPC. INVEST and its affiliated insurance agencies offer securities, advisory services and certain insurance products and are not affiliated with L&N Investment Services or L&N Federal Credit Union. Products offered are: Not NCUA insured, Not Credit Union Guaranteed, Not a Deposit, May lose value including loss of principal.