Political Quotes

“after a lifetime of hard work, all seniors should have the chance to live out their golden years on firm financial footing and with peace of mind. A secure retirement is also important to strengthening our Nation's middle class and ensuring that our country works for all Americans and not just the wealthiest few, but for too long the deck has been stacked against people trying to save up for their retirement. That is especially true for far too many people seeking retirement advice. Until now, financial advisers and brokers were under no legal obligation to work in their client's best interest, and without this requirement, some financial advisers have lined their own pockets by steering clients toward complicated investments. Some have recommended that retirees make transactions that come with hidden fees and some advisers get a commission when they sell a financial product, even if it doesn't make sense for the client. We finally have a new protection that would right that wrong. It is called the fiduciary rule, and it is pretty simple. It says: If you are going to give people advice on their retirement accounts, you should put the client's best interest in front of your own. Unfortunately, we are here because Republicans want to block that new rule from helping families, and that is just wrong. It is not fair to people all over the country who are trying to put money away for retirement.…”