Key Takeaways
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- Over 11,000 people are reaching age 65 every day and most have retired or are contemplating retirement.
- Many of those retirees will rollover money from retirement plans, including 401(k) plans, into IRAs.
- The IRA investments will need to provide sustainable retirement income for the lifetimes of those retirees, with regular withdrawals to pay for their costs of living.
- Many retirees will receive advice from broker-dealers and investment advisers who are subject to SEC regulation and examinations.
- To compound matters, many of those retirees will, in due course, suffer from diminished cognitive abilities, reducing their ability to evaluate the advice they are being given.
- The cumulative effect of these factors is that the SEC is focusing on advice to retirees and older investors, as reflected in the 2025 Examination Priorities.
The SEC’s Division of Examinations issued its 2025 Exam Priorities a few months ago. 2025-exam-priorities.pdf
Many articles have been written about those priorities, but none—at least that I have seen—have addressed the focus on retirees, older investors and rollovers. This article fills that gap.
Continue reading SEC 2025 Examination Priorities: Retirees and Rollovers
