My pal Bobby Monks explains here how the Obama Labor Department proposes two radical new rules re your retirement account:
- Brokers must act in the best interests of their clients.
- All the fees they collect must be disclosed.
Typical lefty bleeding-heart type stuff, right? Never fear: the industry is fighting it, as they fought Dodd-Frank.
Read Bobby’s post and write your Congressperson?
Quote of the Day
A penny saved may be a penny earned, but it's one boring penny. A penny invested, on the other hand, bounces around. It gets bigger one day, smaller the next. A bit player in the drama of global finance, that penny buys a guy a balcony seat in the theater of macroeconomics.~Susan Stewart
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