NPR on point logoI was proud to join Tom Ashbrook on NPR's On Point on February 25, 2015, to discuss President Obama's recent announcement at AARP that the Department of Labor would move forward with a fiduciary rule requiring brokers to put their clients' retirement savings before their own profits.

The rule is expected to protect future retirees from excessive and hidden fees. In May 2012, Demos, a nonprofit advocacy group and SCEPA partner on retirement security, published the report "The Retirement Savings Drain: Hidden and Excessive Costs of 401(k)s." Written by Policy Analyst and New School PhD student Robbie Hiltonsmith, it finds that the average two-member household will lose over $150,000 over their lifetime from their retirement savings to pay these fees - without their knowledge.