The Presidential Study
Presidential Report: "The Effects Of Conflicted Advice On Retirement Savings"
- “Conflicted advice reduces investment returns by roughly 1% for savers.”
- “We estimate the aggregate annual cost of conflicted advice is about $17 billion each year.”
Source: Page 26, "The Effects Of Conflicted Advice On Retirement Savings", February 2015, The Council of Economic Advisers, within the Executive Office of the President of the United States.
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