The Buzz From Washington - July 2024TheBuzzFromWashington-July2024

Halfway through the year, 2024 has delivered significant activity in the realm of retirement policy.

There is tremendous buzz around another new “fiduciary rule”, as the Office of Management and Budget (OMB) completed a quicker-than-expected review of the Retirement Security Rule: Definition of Investment Advice Fiduciary. The final rule, published April 23, 2024, intends to fill the void left by the since-vacated 2016 fiduciary rule and has the stated aim to ensure that the financial advice that Americans get for retirement is in their best interest.

^{Note: These materials do not purport to provide any legal, tax or accounting advice. You should consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation.}