Money

AARP has a variety of entertainment and educational events happening in Syracuse.

The following article is part of the AARP Connecticut 50+ Job-Seeker Series, featuring posts by AARP and local experts that are aimed at helping older workers take their job-hunting and career skills to the next level.

You’ve worked hard to save for retirement and you deserve a financial advisor who works just as hard to protect what you’ve earned. Right now, loopholes in the law allow bad-actors in the financial industry to provide retirement savings “advice” based on what’s best for their pocketbook, not yours. The result? They can recommend investments with higher fees, riskier features, and lower returns because they earn more money, even if those investments are not the best choice for you. Bad advice is wrong, and it is costing Americans up to $17 billion per year.

The Problem

PORTSMOUTH _ Bank On Virginia Beach will soon be expanding to the Portsmouth area. Volunteers are needed to provide education and coaching to Bank On participants.

AARP has joined a coalition of organizations that is pushing to create tighter rules for investment advice for 401(k), IRA and other retirement plans. The Save Our Retirement Coalition aims to protect Americans’ retirement savings from hidden fees, undisclosed commissions and other conflicts-of-interest that enrich some investment advisers at the expense of their clients.

Por Ray Huard

Por Ann Hardie

Whether you’re buying a home, helping kids pay for college or planning for retirement, it pays to be financially savvy. AARP West Virginia is helping Mountain Staters get the know-how they need during Money Smart Week, April 18-25.

By Ann Hardie