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The Rollover problem

When a friend or family member asks for advice upon leaving a job, I always tell them to rollover their account to an Individual Retirement Account. Of course, I’m not an advisor trying to push product.

I think any fiduciary rule should protect participants from unscrupulous providers, pushing high-commission products. It’s one of the dirtiest parts of the 401(k) plan business that needs to be addressed.

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