Retirement savings plans like 401(k)s and IRAs are crucial to the long-term financial well-being of millions of Americans. Mutual funds, which provide simple diversification for clients, are the most popular investment vehicle in the United States.
Despite mutual funds’ effectiveness in assisting industrious Americans in saving for retirement, the Securities and Exchange Commission (SEC) aims to significantly alter how these funds operate, leading to more significant expenses and poorer returns for investors.
