New Rules Announced For Retirement Plans

By Mike Switzer

Published July 19, 2016 at 5:52 AM EDT

If you have any kind of retirement plan, IRA, 401k, etc., you may want to know that next year, the US Department of Labor will be putting into place a new rule, which is being referred to as the “conflicted advice” rule that changes how investors and advisors work together on these retirement accounts.

Mike Switzer interviews Jeff Wildes, a certified financial planner in Georgetown, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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