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.
Yesterday was the due date for comments on a rule proposed by the U.S. Department of Labor that would protect people with 401(k)s and IRAs from conflicts of interest in the financial services industry.
Today, I’m proud to join AARP volunteers from every state in making our voices heard on Capitol Hill. We will meet with members of the House and Senate from all 50 states, urging them to pass laws to protect and enhance the health and economic security of all people as they age. We will also express our thanks to those members who helped pass a “doc fix” law that allows Medicare beneficiaries to continue seeing their physicians.
Public interest groups have joined forces in a coalition to prod the U.S. Department of Labor to revise rules requiring financial advisers to act in their clients’ best interests when offering retirement investment advice.
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