To the Editor:
You should know that Senator Cory Booker is one of a handful in Congress who is fighting tirelessly to protect Americans and their retirement savings. Over the last several months, Senator Booker has helped to save a proposed rule that would make it illegal for financial advisers to give you retirement advice that is not in your best interests.
Do you have a 401k, an IRA or have you ever gone to a financial expert for advice? Then this applies to you. Most financial advisers are professionals who work hard and ethically on your behalf. However, according to one estimate, bad advice from not-so-honest financial advisers is costing Americans up to 25 percent of their hard-earned retirement savings. They line their pockets with fees that should be going toward your retirement savings.
New Jersey voters should call Senator Booker’s office and thank him for protecting Americans’ hard-earned retirement savings.