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Robert Powell’s Retirement Portfolio: To roll or not: That will be the question come April 2017

Come April 10, 2017, a little more than six months from now, the decision to roll all or some of the money in your 401(k) account to an IRA, or transfer it from one IRA to another, will no longer be a ho-hum, go-through-the-motions exercise.

Rather, it might become a brain-numbing one where you’ll need a detailed checklist, a pro and con list, maybe an 800 hotline, and – more than likely – signatures on documents never before seen, including something called the best interest contract.

Why so? Well, that’s the date when the Labor Department’s conflict-of-interest rule – assuming the courts and/or lawmakers don’t block it from becoming a reality – goes into effect.

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