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#retirees — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #retirees, aggregated by home.social.

  1. This time, the resulting clash centers on a basic question: Should federal #law require more #financial professionals to put #retirees’ needs above all else — including their own paychecks — when they offer advice about how to #invest?
    
In April, the #Labor Dept finalized rules that would subject a wide array of #brokers to a higher #legal standard, requiring them to act as #fiduciaries.

    #law #PublicInterest #Retirement #ethics

  2. #InsuranceLobbyists block #federal crackdown on costly [good] #retirement advice
    
The #FinancialServicesIndustry has blocked the #Biden admin from requiring #brokers to put #retirees’ needs first — above lucrative #commissions.

To protect older Americans’ #LifeSavings, #POTUS #JoeBiden pledged in Oct to crack down on #financial advisers who recommend #investments just because they pay higher commissions. Then the insurance industry got to work.

    #law
    washingtonpost.com/business/20