Although a lot of the discussions about the fiscal cliff have focused on potential tax increases for the rich, Brad McMillan, vice president and chief investment officer for Commonwealth Financial Network LLP , says it's the tax hikes for everyone else that could derail the economy. Furthermore, McMillan notes that some of these increases — including the 2% payroll tax and the tax associated with President Obama's Affordable Care Act — are set to happen regardless of the fiscal cliff resolution.
InvestmentNews editor Frederick P. Gabriel Jr. and reporter Greg Iacurci talk about this week's cover story that looks at whether Fidelity Investments is stepping on the toes of retirement plan advisers.
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