Western Courier

Protect Your Retirement

Back to Article
Back to Article

Protect Your Retirement

By NAPS, North American Precis Syndicate

Hang on for a minute...we're trying to find some more stories you might like.


Email This Story






(NAPSI)—A new rule out of Washington could well make retirement saving even harder, particularly for the middle class—but there is something you can do about it.

The Problem

The Department of Labor has proposed a retirement regulation that will limit access to financial advice, limit choices and ultimately raise the cost of saving with additional fees and higher costs. Savers in brokerage accounts will no longer be able to receive the same level of advice from their financial adviser without paying more, often for services they do not want or need. Without this advice, savers will have to go it alone or perhaps turn to the Internet for guidance.

While the regulation is likely well intended, its unintended consequences will harm the savers most in need of guidance. In fact, 98 percent of IRA investors with less than $25,000 are in a brokerage account.

What’s Being Done

Many people are asking their legislators where they stand on this situation. Anyone can write to www.house.gov and www.senate.gov about this or any issue.

Learn More

For further facts about how the rule can impact your retirement savings, visit www.keepretirementopen.com.

 

On the Net:North American Precis Syndicate, Inc.(NAPSI)

Print Friendly, PDF & Email
Leave a Comment

If you want a picture to show with your comment, go get a gravatar.




Navigate Left
  • Protect Your Retirement

    Money & Finance

    The Easiest Way To Know If Your Child Is Eligible For Private School Choice

  • Protect Your Retirement

    Money & Finance

    Helping Teachers Learn

  • Protect Your Retirement

    Money & Finance

    Personal Finance Tools Help Meet Your Financial Needs

  • Protect Your Retirement

    Money & Finance

    Currency Markets Explained In New Futures Fundamentals Video

  • Protect Your Retirement

    Money & Finance

    Americans Spending More for College Out-of-Pocket

  • Protect Your Retirement

    Money & Finance

    Bringing The Fair To The Home Or Classroom—Going Back To School With Risk Ranch

  • Protect Your Retirement

    Money & Finance

    Start Smart: Top Tips For Parents This School Year

  • Protect Your Retirement

    Money & Finance

    Get Help With Career And College Assistance

  • Protect Your Retirement

    Money & Finance

    Financial agility improves with age

  • Protect Your Retirement

    Money & Finance

    Planning for the cost of college without breaking the bank

Navigate Right
The independent student newspaper of Western Illinois University. Serving Macomb since 1905.
Protect Your Retirement