Retirement can be expensive enough in and of itself. Who wants to pay for the added costs of retirement advice?
While those who offer financial knowledge still deserve to be paid, many tack on excess fees that drive up the costs for the people they’re helping. In addition, advice is often tailored to the benefit of the expert’s own commissions rather than the needs of the person they’re counseling.
But a new rule could solve this problem. This proposal is currently in discussion. If it goes through, it could make retirement planning more affordable. This would be a win for everyone. What do you think of this proposal? Let us know!