A Step-By-Step Process To Handle Retirement Plan Rollover Conversations, With Leo Rydzewski

The gist

1. Leaving assets in the current employer plan is always a valid option that must be analyzed before recommending any rollover, since some decisions are irreversible.
2. Advisors face three main conflicts in rollover advice: compensation incentives, fee model differences, and investment-level conflicts from proprietary products.
3. Conflict disclosure must explain in plain language how compensation creates incentives, not just note that a conflict exists, and should be provided in writing.
4. When comparing options, evaluate at least four alternatives across ten features including costs, investment menu, distribution rules, and creditor protection, since cost alone should not decide the recommendation.