[rockfan4]

I received an odd call from my broker the other day, and wanted to get the opinion of someone more knowledgeable than me on the matter. This isn't really an active account, this is a rollover IRA from when I changed jobs 19 years ago, plus a taxable account with money I inherited when my mother passed away. I'm not adding anything to either account, I'm putting excess cash into the 401k at work.

He asked me if I was aware of the government mandated changes coming up in April 2017, and I'm not. He said I had to move everything into actively managed funds, and I couldn't leave it in the stocks and funds it was currently in. This would cost me 1.5% per year.

Now I've done some googling, and all I can see is regulations coming into place where they have to work to my benefit, not theirs, when making recommendations. This move doesn't seem to be to my benefit. Is he trying to pull a fast one on me? Time to find a new broker?