For more than 14 years, the U.S. Department of Labor has been trying to determine a new definition of a ”fiduciary” under the Employee Retirement Income Security Act (ERISA). A fiduciary provides investment advice for a fee to employee benefit plans. Under ERISA, someone is a fiduciary if they have control over managing or using a plan’s assets, provide investment advice for a fee, and have responsibility for managing the plan. Since 1975, these discussions were only considered “investment advice” if they adhered to a five-part test. However, this past September, the Department of Labor released new regulations called the Final Rule that redefines what it means to be an investment advice fiduciary. With this recent change, the five-part test goes out the window. The Final Rule expands the definition of who can be considered a fiduciary. Someone is a fiduciary if they regularly provide investment recommendations and advice to retirement investors for a fee. That A New Era for ER
GET IT TOGETHER! DIY ORGANIZATION TIPS TO BRING ORDER TO YOUR LIVING SPACES
Is there really such a thing as “organized chaos”? It depends on whom you ask! If you thrive in clutter, this article isn’t for you. Creating an organized space is simply a matter of ensuring household items have a place to be stored — and not in the one drawer filled with everything from ketchup packets and paper clips to a random Cheeto! Whether you’re preparing for house guests or diving into a spring-cleaning marathon, these organizing tips will bless your cluttered mess! TENSION RODS FOR SHOE STORAGE Need more shoe space? Not a problem — just grab a few tension rods! If you have two sturdy objects — dressers, a wall and nightstand, etc. — you can place two tension rods between them and create a “shelf” to place your shoes on. Add multiple rows of tension rods for extra storage. CLOTHES PINS FOR CABINET DOOR STORAGE Kitchen cleaning supplies, especially lightweight items, don’t always have to be
placed on the floor inside the under-sink cabinet. Putting double-sided tape onto clothes pins and sticking them inside the cabinet doors creates an excellent place to hang rags/ sponges, kitchen gloves, and sink stoppers. NAPKIN HOLDERS FOR POT LIDS Using zip ties and upright wire napkin holders, you can create a lid organizer for your pots and pans. Rather than flipping the lid upside down on top of the pot, you can create a designated space for all the lids to reside. You can even organize your lids from smallest to largest! POOL NOODLES AS HANGER SPACERS BETWEEN CLOTHES Pool noodles work as spacers to keep your clothes hanging neatly. Just take a pool noodle and make one cut length-wise to open the noodle, and then cut it horizontally into 1-inch pieces. Place the pieces on the bar in your closet and hang your clothes according to how many hangers you want between each spacer!
HONEYCOMB ORGANIZER FOR SOCKS AND UNDERGARMENTS Drawers that house undergarments and socks tend to get disorganized quickly. Honeycomb organizers are the perfect addition to ensure all items fit in the drawer, making it easier to grab what you need. These organizers are also adjustable, so they’ll fit any drawer size!
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