DoL – should I continue to prepare?

There is a lot of talk about whether President-elect Trump will stop the DoL Fiduciary Rule.  As Michael Kitces mentioned in his column last week:

“Because the reality is that while the rule will not be enforced until next April – after President Trump takes office – the regulation itself became official this past April. And the President doesn’t have the power to just immediate enact a massive change to an existing regulation.”

Therefore, it is my recommendation that you continue to prepare for the April 2017 enforcement date.  To wait, could be at your own peril.

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