Jun. 23, 2018
Jun 23, 2018 Securities and Exchange Commission To the and Exchange Commission, This loophole is a step backward. As one of the millions of baby boomers who have retired, are about to retire or will be retiring within a few years, I have worked long and hard to attempt to secure a minimal financial security in retirement. While I have the resources at present to hopefully meet the basics through retirement, I am part of the generation that saw private pensions disappear, the decline of corporate paid health insurance and the explosion of health care costs. In addition, wages have in no way kept pace with the cost of living. This meant having less "disposable" income to invest for retirement. The current assault on Social Security and Medicare only makes the future more precarious. Do not make it easier and more tempting for financial advisors to take advantage of not only older Americans but all Americans who look to and rely on their expertise to be financially self-sufficient. I'm counting on you to make a stronger rule that closes the loophole. Americans who've worked hard to save for retirement deserve peace of mind about their financial security. Sincerely, Ms. Jean Callahan