Let us hope that Congress does the right thing and closes this loop hole!
– I’ve worked hard my whole life to save for retirement, and I should be able to trust that my financial adviser is looking out for my best interests — and not just their bottom line.
– Right now, a loophole in the law allows some financial advisers to push higher-risk investments with higher fees that pad their pocketbooks, not mine.
The Department of Labor is working to implement a new rule that would protect my retirement savings, and I’m counting on Congress to oppose any legislation that would delay or prevent closing the loophole.
Cam Taylor, Marengo