WHITE HOUSE CALLS FOR OBJECTIVE COMPUTER MODELS:
February 26, 2010
The Obama Administration needs our help to take broader steps to solve this problem. The intent of this proposal is good but there is a difference between the proposed regulation and the Fair Retirement Reporting Act.
The Fair Retirement Reporting Act will actually address the Upcoming RETIREMENT SHORTFALL TSUMANI which will hit a huge percentage of the 77 Million Americans approaching retirement in the next 20 years.
The people at the White House can be very astute if they are informed. Help us reach out.
There is not only a need for regulations but URSLA goes a step beyond providing a common understandable number so people can communicate on equal footing with financial professionals
Questions:
What exactly is a objective computer model and does it integrate debt, mortgage, etc? Giving investment advice and concentrating on asset management is not the same as looking at the strategies that deal with the realities not addressed by many planning programs.
Is this a limited proposal? Since most Americans change jobs on a regular basis and work for small businesses who are strapped, how realistic is it that this focuses on financial institutions who offer 401K programs to employers and offer financial advice to their employees?
What about the money people have savings outside of their workplace? With the portability of our workforce, we need something that addresses more than 401K programs and companies offering financial advice to their employees.