‘Never assume.’ Why retirement savers should be extra careful if they’re considering a 401(k) rollover now

Liebert Cassidy Whitmore’s Senior Counsel Andrew Dorado was recently featured in MarketWatch, where he shared insights on the shifting regulatory landscape impacting retirement savers. In light of a recent court decision affecting fiduciary standards, Andrew says “many financial professionals, particularly those offering one-time recommendations such as 401(k) rollovers, may not be required to act as fiduciaries. As a result, Americans with retirement accounts should not assume all advice is subject to a consistent fiduciary standard.”

His commentary highlights the need for individuals to ask informed, written questions and fully understand how advisers are compensated when considering significant decisions such as 401(k) rollovers.

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