Retirement Savings Loophole Closed

En español | According to the Council of Economic Advisers, last year alone, a retirement savings advice loophole cost Americans $17 billion as a result of extra fees. Fortunately, the Department of Labor last week unveiled a new rule finally closing a loophole that allowed some financial experts to give advice that was in their own  interest — rather than the best interest of hardworking Americans. Why did this loophole exist? The original guidelines for financial advice under the Employee …

We the People vs. Wall Street

The story of David and Goliath is usually told when someone who is facing daunting odds and isn’t supposed to win does just that — wins. Whether it’s an underrated Cinderella story in March Madness, the Cubs and the World Series — if they ever get there again — or when Wall Street actually loses to “we the people.” These stories are sadly all too few. But today we scored one for the little guy: The Obama administration finalized the …