It was certainly the most anticipated story heading into 2017: What would the incoming President Donald Trump decide to do about the DOL’s conflict-of-interest (a.k.a., “fiduciary”) rule?
For reasons not fully expected, the Obama administration, after spending years working on it and offering a very public announcement of the rule, decided it wouldn’t become effective until the 44th president left office, giving his successor final say on its ultimate disposition.
That, as a candidate, President Trump had little to say about the fiduciary rule only fueled speculation. Would he keep it? Would he can it? Would he use it as negotiation leverage for some unrelated but higher priority policy? It turned out he did all of these things.
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
