[quote=Veritas]”The federal government seems to have noticed that a whole bunch of money, much of the almost $20 trillion currently held in retirement accounts in the US, is about to get moving as the baby boomers retire. They want a piece of the action and Dodd-Frank may offer the Feds a way to weasel into your 401k.”
Here’s the link to the original article.
Note the lack of details or substance. I don’t think we have to worry yet. It’s talking about consumer protection… not a “piece of the action” or “weaseling” into your 401k.
Having had friends sold crappy retirement products like variable annuities (still underwater on them 5 years later), etc… perhaps this is needed.
Dodd Frank already added much needed transparency… now the full expense ratio’s are listed on your 401k funds. That’s a GOOD thing for consumers.
