This column first appeared in the San Antonio Express News on February 23, 2017. In February 2015, then-President Obama sought to protect people who are saving for retirement. The US Department of Labor (DOL) proposed the Fiduciary Duty Rule to comply. The proposed rule wound its way through the rule-making and public comment maze, with a planned effective date in April 2017. However, after the Fiduciary Duty Rule was finalized, a group of business and insurance interests fil

This column first appeared in the SA Express-News and online at MySA.com on February 18, 2015. Dear Mr. Premack: I just received a notice from the bank where my traditional IRA is invested. The notice says that “on or after January 1, 2015, you are permitted to roll over only one distribution from an IRA in a 12-month period, regardless of the number of IRAs you own.” I still have some IRA funds in 3 CDs at another bank, and all three CDs mature this year. I had planned to ro