White House Move To Protect Nest Eggs Sparks Hopes And Fears

February 27, 2015 9:07 AM

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President Obama makes remarks on his proposal to tighten consumer protections for people saving for retirement Monday at AARP as Sen. Elizabeth Warren and Labor Secretary Tom Perez listen.

If you're building a retirement nest egg, big fees are the dangerous predators looking to feast on it. The White House says too many financial advisers get hidden kickbacks or sales incentives to steer responsible Americans toward bad retirement investments with low returns and high fees.

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