Mention the words “fiduciary standard” and a lot of eyelids grow heavy. But that was far from the case today as New York City Comptroller Scott Stringer, the Counselor to U.S. Labor Secretary Tom Perez and a host of New Yorkers concerned about protecting a serious threat to our retirement security joined me and my AARP NY colleagues.
Today marks a significant milestone in what Americans agree is one of the most important - if not the most important - government program - Social Security turns 80!
We have a road show going on around New York aimed at protecting our retirement savings. Across the country, AARP members are urging our leaders to “close the loophole” in federal law that allows unscrupulous financial advisers to put their own interests first and line their pockets by taking advantage of hard-working Americans.
AARP Delivers Over 5,000 Petitions to Senators Urging Their Help to “Close the Loophole” That Lets Some Financial Advisors Put Their Own Interests First
This year Generation X turned 50. With 2.5 million members across the state, AARP New York is the state’s leading advocate for the 50+, and we believe now is the time for us to take stock of the financial plans of Gen Xers and how prepared they are for their financial future.