The Department of Labor recently announced it will postpone putting the “fiduciary rule” into effect. And the Trump administration has signaled it wants to get rid of it altogether. The fiduciary rule stipulates that financial professionals who advise you on your retirement accounts must put your financial interests ahead of their own.
President Trump's full budget proposal for fiscal year 2018, to be released Tuesday, calls for a $9.2 billion, or 13.5 percent, spending cut to education. The cuts would be spread across K-12 and aid to higher education, according to documents released by the White House. None of this can be finalized without Congress.