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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