Many people, like me, have worked hard our whole lives to save for retirement, and we should be able to trust that our financial advisers are looking out for our 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 ours.
The Department of Labor is working to implement a new rule that would protect retirement savings, and I’m counting on Congress to oppose any legislation that would delay or prevent closing the loophole.
George Elko, Morgantown
