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.
When members of Congress decide how they’ll vote on legislation, they pay close attention to the news especially the newspapers in their districts and this is why I bring this to your attention.
Sylvia Beaumier, Kirkland