Here are two scenarios. One: you are a retiree who in recent years has been concerned about the value of your stock portfolio.
Category: Retirement
Trump blocks Booker-backed rule to curb retirement financial adviser abuse
WASHINGTON — Rules designed to curb abuses by financial advisers handling retirement funds were put on hold by President Donald Trump even as he spent the campaign railing against Wall Street . Trump blocked new U.S. Labor Department requirements that such advisers recommend retirement investments that would be best for their clients, even if they carried smaller fees and generated less profits than other funds.
Trump attacks restrictions on big banks, retirement advisers
President Donald Trump has launched his long-promised attack on banking rules that were rushed into law after the nation’s economic crisis, signing new orders after meeting with business and investment chiefs and pledging further action to free big banks from restrictions. Wall Street cheered him on, but Trump risks disillusioning his working-class voters.
Trump to order review of Dodd-Frank, halt Obama fiduciary rule
Former U.S. President Barack Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act in Washington, July 21, 2010. President Donald Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial crisis.
For most Americans, Dow 20,000 carries little benefit
While Wall Street celebrates yet another stock market record – surpassing 20,000 on the Dow Jones industrial average – many Americans have little reason to cheer. Despite the spread of 401 retirement plans, the wealthiest 10 percent of households own roughly 80 percent of stock market wealth.
4 A young ex-president, Obama poised for a busy retirement
For Barack Obama, there’s a presidential library to build, hundreds of millions of dollars to raise, causes to champion and a book to write. And don’t forget that long-promised vacation with his wife.