Business
Crucial Retirement-Account Law Loses in Court Once More
The law initially took effect nearly a decade ago to protect the billions of dollars that Americans move annually from their 401(k)s into IRAs by requiring advisers to act in the best interest of their clients. For people with retirement accounts, the stakes are high. Americans moved $841 billion from 401(k)s to IRAs in 2024, up from $612 billion in 2020, according to consulting firm Cerulli Associates. Read more:
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