6/22/2015 – When Retirement Savings are unsafe (The New York Times)

The Department of Labor is about midway through a public comment period on its “fiduciary rule” proposal to require financial advisers to act solely in their clients’ best interests when giving advice and selling investments for retirement accounts. The proposal, if finalized, would be a big improvement on current practice, in which many advisers are free to steer clients into high-priced strategies and products even when comparable lower-cost alternatives are available.

Read the full article in The New York Times.