In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with John Berlau. Berlau is a senior fellow at the Competitive Enterprise Institute. Hathaway and Berlau talk about the U.S. Department of Labor’s proposed conflict-of-interest rule, a regulation on retirement investment brokers that would put professional investment advisors out of the reach of millions of investors, and rack up billions of dollars in compliance costs.
As crazy as it sounds, it could be a possibility. Last month, Senator Harkin and Senator Sanders held hearings to explore replacing 401(k) accounts with Government Retirement Accounts (GRAs). Mark[…]