First-in, first-out inhibits investor choices, causes capital gains taxes to go up and complicates financial planning for millions of Americans, Eaton Vance’s Thomas Faust Jr. argues.
Dimensional Fund Advisors has the strongest loyalty among fee-based advisors, a $1.3 million producer returns to Alex. Brown and millennials are open to 401(k) mandates.
Generation X’s debt is hurting long-term planning, alternative fund fees dwarf traditional mutual funds and Guggenheim predicts the next recession.
The end of the year can be the start of confusion for older retirement account owners.