The Fiduciary Rule requires financial advisers to put customers first and they are restricted from accepting any kind of compensation or payments that would create a conflict of interest. The rule basically states that financial advisers must put the clients best interests’ ahead of their own for their retirement savings.
Prior to reading both of these articles, I had no idea what the fiduciary rule was. I barely know anything about financial advisers or about retirement savings, other than you should start doing it early on. “4 Arguments Against the Fiduciary Rule Debunked” by Patrick Tucker explained the fiduciary rule better for me. The author was going against the arguments people had for the rule and explaining why they could be incorrect which helped me understand it better. The first article did have a better definition of the fiduciary rule, but the rest of the reading was a little tough for me to understand.