As we are well into the holiday season, it’s a natural time to reflect on what we’re grateful for, but it’s also a valuable opportunity for families to gather and have meaningful conversations that might not happen otherwise. One of those conversations we encourage clients to consider is around financial support for their adult children.

The U.S. Department of Labor’s recent proposal would impose significant new rules on retirement accounts, which includes IRAs and qualified employer-sponsored plans. This rule would enforce fiduciary standards on advisers who offer advice on retirement investment options.