Retirement Rule Update Promises Secure Savings for Struggling Americans
Washington, DC – The Biden-Harris administration has recently implemented a new Retirement Security Rule to aid individuals in saving for their retirement. This rule updates the definition of a fiduciary, ensuring financial advisors follow a specific code of ethics. The goal is to provide individuals with prudent, loyal, and honest advice without imposing hefty fees. Acting Secretary for the U.S. Department of Labor, Julie Su, emphasized the importance of protecting retirement investors from improper recommendations …