John

Predatory financial advisors have exploited loopholes to prioritize their profits over seniors' financial security for far too long. Their aggressive lobbying against stronger fiduciary standards reveals a blatant disregard for retirees' well-being.

That’s what makes the Department of Labor’s (DOL) new Retirement Security Rule a game-changer for retirement savers. It expands the definition of who qualifies as an "investment advice fiduciary", ensuring more financial professionals are held to higher standards. These fiduciaries must act prudently and loyally, putting the interests of retirement investors before their own.

Crucially, this rule could potentially save retirement investors billions of dollars by reducing conflicts of interest and lowering investment fees. It applies to advice given for workplace retirement plans like 401(k)s, as well as individual retirement accounts (IRAs), providing comprehensive protection for Americans' retirement savings.

Even as the DOL aims to implement crucial protections, Republicans are gearing up to introduce a Congressional Review Act bill to overturn the Labor Department's rules. We need to stop them.

Tell Congress: no half measures. Support the Retirement Security Rule and protect seniors from predatory financial advisors now.

Retirement savings are lifelines for countless Americans, crucial for ensuring financial security. Yet, for many, these lifelines remain at risk due to conflicted advice from financial professionals who aren't required to put their client’s interests first.

It's a grim reality that in one of the wealthiest nations globally, millions of seniors are at risk of financial exploitation in their retirement years.

The Retirement Security Rule will expand the definition of who qualifies as a fiduciary, ensuring more financial professionals are held to higher standards when advising on retirement investments.

Let's not settle for any concessions. Every day we delay means another day of unnecessary risk for thousands of retirees. It translates to seniors losing their hard-earned savings, dreams shattered due to conflicted financial advice, and retirements jeopardized.

Tell Congress: Support the Retirement Security Rule and protect seniors from predatory financial advisors now.

Thank you for taking action.

- DFA AF Team