Thread: PBS Frontline: The Retirement Gamble

The Retirement Gamble | FRONTLINE | PBS

Interesting video. For those thinking about rolling over your TSP to an IRA, you should watch starting at 44:20.

DoL regulations are now being implemented that will make advisors for IRAs fiduciaries, which will probably cost you a small percentage of you account each year. Not sure how this will impact different advisors/brokerage companies. My understanding is that existing accounts held with a broker may be grandfathered but new accounts will be fee based meaning that they are not commissioned based, but rather they will charge you an annual fee of X% e.g. a 1% fee on $500K would be charged $5,000/year. I can't see anyway that this is going to be beneficial for my TSP or my IRAs, it sounds like highway robbery. This fee is in addition to any expenses inherent in a specific security/fund. The only good thing is that there no trading cost to fee based IRA.

References: DoL Fact Sheet https://www.dol.gov/ebsa/newsroom/fs...-interest.html

DoL Final Rule w/background & links https://www.dol.gov/ebsa/regs/conflictsofinterest.html