This product is about to be crushed. In no way shape or form does it pass this test. It’s the equivalent of car rust proofing of financial products.
As part of its ongoing effort to make it easier for Americans to amass retirement savings and protect consumers from having to pay “junk” fees, the Administration on Tuesday released a proposed rule that would require any financial adviser, broker or insurance agent who sells retirement investments and advice to only do so in the best interest of their clients, not their own.
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