Earlier this week, the Biden administration announced plans to implement a rule that could help retirees seeking investment advice.
According to The Hill, the rule is geared around “closing loopholes that create added costs around retirement investment advice.” The goal is to help save retirees money by prioritizing the interest of those seeking the advice instead of whatever product the investment firm is pushing.
A White House fact sheet explains this proposal would “ensure that retirement advisers provide advice in the saver’s best interest, regardless of whether they are recommending a security or insurance product and where they are giving advice.”
You’re Entitled to the Funds You Worked Hard for in Retirement
You worked hard for your money during your career, and you’re entitled to every cent of it. At Council of Seniors, we’re dedicated to getting Congress to pass The SAVE Benefits Act. Seniors need this bill because of inadequate annual Social Security cost-of-living adjustments (COLAs). The amount of $581 was withheld from benefits, and the passage of this bill will ensure it’s returned.
Signing our petition is the first step you can take to help. We’ll greatly appreciate your help in returning this money to seniors.
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