Under the new tax law, the decision to convert a traditional IRA to a Roth IRA can no longer be reversed after Dec. 31, writes columnist Paul Brandus. He advises people who may be affected by this to talk to their advisor immediately. MarketWatch (12/27)
The Financial Industry Regulatory Authority has proposed a number of changes and technology improvements for 2018. The changes include more financial transparency, overhauling restrictions on registered individuals' outside business activities and setting new examination fees, although there are no plans to increase membership fees. ThinkAdvisor (free registration)
Fixed annuities, including fixed indexed annuities, will continue to gain market share over the next five years, according to a report from Cerulli. By the end of that period, annuities that incorporate guaranteed income riders will account for 77% of the market, the report said. BenefitsPro
It's better to have elected officials make policy and have unelected regulators enforce those policies, writes Mark Elzweig, an executive search consultant. He contends that Congress should come up with its own fiduciary rule to replace the one created by the Department of Labor. Financial Planning online
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