>>Who is going to define what is in the best interest of the client?
The first step in just taking our retirement funds away and putting them in the “lock box” and then doling it out “according to our needs” (as determined by the government, of course).
The War on the Middle Class is getting hot.
This is what the Kirchner regime did in Argentina seven years ago. Replaced private retirement assets with government IOU's and monthly "allowances" drawn on same. They took the assets, sold them, and put the money in the Government's pocket. (Graft, anyone?)
Obama's trying to hip-check his way in between retirees and their assets. If they aren't needy, make them needy. Then they'll have to turn into mendicant Democrat leeches to live.