Obama’s Big Idea for Small Savers: ‘Robo’ Financial Advice
Obama’s Big Idea for Small Savers: ‘Robo’ Financial Advice (publication date: July 21, 2015) , a Wall Street Journal Opinion/Commentary, authored by Robert Litan and Hal Singer, observes, “If you’re not on a path to a secure retirement, the White House suggests it’s because an evil broker is ripping you off.”
As the piece goes on to point out, “Expecting robots to safeguard the retirement security of small savers is the kind of policy hubris that could only come after a six-year bull market, when officials have forgotten that what goes up can also come crashing down.”
The article begs the obvious question: Are Americans comfortable with the Federal Government dictating how they receive investment advice?
Wall Street Journal subscribers can read the full article at http://on.wsj.com/1Kj2Nh2.