REI WEALTH MONTHLY Issue 34 | Page 76

DOL ’ s Fiduciary Rule
SELF­DIRECTED IRAS ­ WHAT ' S NEW ? KAAREN HALL

DOL ’ s Fiduciary Rule

This year the Department of Labor announced its Fiduciary Rule . To say this rule has caused controversy is an understatement . There are six lawsuits filed against this legislation .
The fiduciary rule redefines who is now a fiduciary and further clarifies the difference between “ education ” and “ advice .” It ’ s important now for you to understand the relationship changes for your advisors , as the regulation impacts advice about a 401 ( k ) and IRA rollover or distribution .
As providers of Self­Directed IRAs our industry is largely exempt from this ruling since we do not provide advice or recommend investments . We recommend the account­holder seek advice from a competent investment , tax or legal professionals before moving forward .
Again there is pending legislation so expect some changes . This new rule takes effect in April of 2017 .
To learn how to self­direct your IRA , reach out to us at uDirect IRA Services . www . uDirectIRA . com
You can find us at
Kaaren Hall
Kaaren has helped hundreds of people self­direct their retirement savings . A native of California , she has a 17­year background in Real Estate , Property Management and Mortgage Lending . She has worked at such companies as Bank of America , Centex Homes , Pulte Homes and Indymac Bank . She ' s held a real estate license in Washington , Texas and California and a Life & Health license in California .
Her company , uDirect IRA Services , LLC , offers self­directed education and services to investors , providing excellent customer service . Kaaren is a public speaker and master networker . A mother of two , she lives in Orange County .
If you have a question about how to use your IRA to self­directed you can contact us here at info @ uDirectIRA . com or at 866.447.6598 . Our website address is www . uDirectIRA . com .
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