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President Obama Urges Unbiased Retirement Advice

02/24/2015 09:42 am ET | Updated Feb 24, 2015
ASSOCIATED PRESS

President Barack Obama called on the Department of Labor today to draw up a rule to protect people who save in IRAs, 401(k)s and other workplace retirement plans from hidden fees and expenses that may drain billions from their accounts.

The president wants brokers and other professionals to be required to act in an investor’s best interest – instead of their own – when dispensing advice on retirement accounts.

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