Posted at Hartmann Report on Aug. 13, 2024
Golden Years or Golden Scams? The Republican Battle Against Your Retirement
Your retirement security is hanging in the balance, threatened by Republicans who don't have your best interests at heart...
Recently, a retired woman seeking advice wrote into MarketWatch's financial advisor, saying:
"I was 'financially set' after my husband died. But my current adviser lost $500,000 over the last few years, and then a new adviser said my portfolio was 'a mess' and wants 1.25% to fix it. What's my move?"
She was the victim of an unethical financial advisor hustling decades of churning commission-based products that essentially transferred her money into his pocket. As she told MarketWatch, "The adviser was paid per trade."
President Biden wants to do something about this.