07-04-2017, From The New York Times, “When Brokers Want to Move Your Money Out of a Very Good Thing” by Ron Lieber. READ THE ARTICLE
So far this year, here’s what our friends in the federal government have done for — and to — citizens who hope to find simple ways to save enough money for retirement without anyone robbing them blind.
■ Continued a yearslong fight against a rule that requires many retirement advisers to act in their clients’ best interests.
■ Reversed a rule that would have made it easier for states to create retirement savings plans for people who don’t have one at work.
■ Abandoned a new federal program to help lower-income savers, young ones in particular.
This week, meanwhile, brought news of the Securities and Exchange Commission standing up for — wait for it — federal employees and their retirement money!
