Congress: Protect my retirement!

The answer is no!

You read that correctly: not all financial advisors have to give you retirement advice based on what’s best for you, due to a legal loophole.

The result? Millions of people who have been saving for years, or even DECADES, could lose up to 20% or more because of bad advice — which could cost a typical saver $15,000. That’s just plain wrong.

AARP is urging Congress to close this loophole and hold all financial advisors accountable.

Message your Congress member, saying: Financial advisors should act in MY best interest — close the loophole NOW! >>

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Dear Decision Maker,

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I am one of your constituents, and I’m asking you to support closing the legal loophole that allows some in the financial industry to provide “advice” in the best interest of their own pocketbooks, not their clients.

Everyday Americans work hard to save and invest for their retirement. We deserve to enjoy every penny when we retire, but a loophole allows some financial advisors to line their pockets at OUR expense.

The cost of this loophole is immense: Americans like me could lose up to 20% or more – that's $15,000 for a typical saver — because of bad advice. Collectively, people lose an estimated $17 billion every year.

This must be stopped now. That’s why I’m asking you to support closing this gaping loophole in the law. People like me are working hard to save for retirement, and we need the peace of mind to know that our financial advisors put our interests first, not theirs.

As your constituent, I ask that you support closing the loophole in the law that allows some financial advisors to give bad advice that could harm hardworking people saving for retirement.

Thank you,

[First Name] [Last Name]
[Your Address]

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