As most Americans are aware, our country is fighting an opioid epidemic that claims thousands of people’s lives a year.  What may surprise you is that sometimes, grandma and grandpa are the ones selling drugs in your neighborhood. I imagine some readers are saying, it’s not possible that “grandparents” are the drug dealers on the streets of America!  Unfortunately, due to a variety of unfortunate circumstances relating to economics and vulnerability, some seniors, have resorted to selling drugs.  

Maybe more than any other population group, seniors have relatively easy access to prescription drugs. Obviously, older Americans more so than younger people, because of their physical condition, are more regular candidates for potent prescription medication.  For example, according to the American College of Preventive Medicine, elderly people make up 13 percent of the American population but receive one-third of all prescribed medications. Considering how accessible prescriptions drugs are for seniors, older persons are in a unique position to turn around and sell their medication. However, according to Sharon Walsh, director of the University of Kentucky Center for Drug and Alcohol Research, seniors are not dealing drugs in the traditional sense, but rather selling these pills to a network of family and friends.

So, what’s going on with seniors that make them more likely to sell their drugs?  First countless seniors live on a fixed-income in addition to being riddled by poverty. Keep in mind this money has to be stretched every month for basic expenses like housing, health care, nutrition and transportation. Imagine only having $1,000 a month to live on. Unfortunately this helps to explain why seniors supplement their income through illegal streams.  Luzerne County, Pennsylvania, County Drug and Alcohol Director Steve Ross issued a report stating, “Our seniors are in a very volatile state right now because what we’re learning is that there are a number of seniors out there who are selling the prescription painkiller to pay for their other medications and/or for food.”

Furthermore, seniors have fallen prey to younger, more sophisticated drug dealers who purposefully target the elderly. Because of their easy access to prescriptions, drug dealers promise seniors money in exchange for their medication, which the drug dealers will later sell for large profits. According to a report by the Ohio Substance Abuse Monitoring Network, “Reportedly, dealers stand outside of drugstores and approach seniors about selling their prescriptions, or dealers will convince a senior to go to the doctor and fake pain to get a prescription.” The report goes on to state, “If the senior agrees, the dealer will drive the senior to the doctor and to the pharmacy to fill the prescription and will then pay them.” “That's the only way they (seniors) can make ends meet.” 

With seniors turning to selling drugs to pay for their basic necessities, are grandma and grandpa going to jail? While, elderly Americans are being arrested for their unfortunate role in the opioid crisis, prosecutions are uncommon, and when prosecuted sentencing is light. Captain Jeff Orr, president of the Ohio Task Force Commanders Association said in reference to older drug dealers, “If we get information about sellers, we are following up on it.  Are they going to prison for it? No. They are being diverted to probation at that age.”

While it’s comforting to learn that our grandparents aren’t doing hard time, the mere thought of them being arrested and thrown in the back of a police car should make people pause.

So what is being done to combat the opioid epidemic in our country? While the White House and Congress have taken steps to combat the opioid crisis, I think our elected leaders in Washington, D.C. would be better served if they more thoroughly investigated the root causes of why people sell drugs. Specifically, as it relates to this issue, why seniors need to sell drugs to earn enough money for their basic necessities. Clearly many older Americans are financially strapped.  Consequently, the policies which the administration and some members of Congress have endorsed, such as cutting financial resources for health care and affordable housing programs that benefit seniors, could make elderly people more impoverished and more susceptible to selling medications.
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Common sense dictates if we want to get seniors to stop selling their medications then we should enact laws that  provide them with the financial security they need, so they are not tempted to sell drugs to pay for their rent, health care or food. 

​​Evan Carmen, Esq. is the Assistant Director for Aging Policy at the B’nai B’rith International Center for Senior Services. He holds a B.A. from American University in political science and a J.D. from New York Law School.  Prior to joining B’nai B’rith International he worked in the Office of Presidential Correspondence for the Obama White House, practiced as an attorney at Covington and Burling, LLP, worked as an aide for New York City Council Member Tony Avella and interned for Congressman Gary Ackerman’s office. Click here to read more from Evan Carmen.

We are delighted to report that Rep. Cheri Bustos (D-Ill.) recently visited B’nai B’rith Covenant Apartments in Peoria, Illinois. This visit was a great opportunity for the Congresswoman to learn about the Section 202 program and see firsthand how seniors benefit from affordable housing. B’nai B’rith’s long history with Section 202 housing started in 1971 when we formed a partnership with Department of Housing and Urban Development (HUD) to sponsor housing for low-income seniors. The B’nai B’rith Senior Housing Network in the United States comprises 38 buildings and serves more than 8,000 people. B’nai B’rith International is the largest national Jewish sponsor of low-income housing for seniors in the country.

B’nai B’rith Covenant Apartments, like many of our sponsored buildings, are more than just apartment units. It is a residential community where seniors can age in place. The Congresswoman learned about the wonderful amenities the building offers such as low cost meals, salon, gift shop, grocery store, community rooms and libraries.

After taking a tour of the property, the Congresswoman gave remarks, took questions from residents and shared her positions on important topics that touch their everyday lives, such as Social Security, Medicare, rental subsidies and nutrition assistance. In addition, Bustos offered to help the residents with getting federal benefits from agencies like the Social Security Administration and the Department of Veterans Affairs.

Bustos said, “I had a great discussion with the seniors of B'nai B'rith Covenant Apartments today about all of the issues affecting them and their families. Our seniors worked hard all of their lives and they deserve to retire with dignity, and that includes providing them with affordable housing options through the Section 202 program. I believe that all seniors should be able to retire with peace of mind which is why I'm fighting hard to protect the Social Security, Medicaid and Medicare benefits they've earned.”

We thank Bustos for all her hard work to protect critical programs for seniors that enable them to retire with dignity. Too often Congress and the White House are debating policies that will inevitably cut important funding from federal programs that impact the lives of ordinary older Americans. Congressional visits like this allow B’nai B’rith residents the opportunity to be their own best advocate by speaking directly with the representative and making them aware of the human faces and stories behind federal programs that benefit seniors.
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It was great that Bustos’ visit kicked off our 2018 congressional outreach efforts. We are thankful we were able to show off B’nai B’rith Covenant Apartments and most importantly all the great residents who call the building home. 

​​Evan Carmen, Esq. is the Assistant Director for Aging Policy at the B’nai B’rith International Center for Senior Services. He holds a B.A. from American University in political science and a J.D. from New York Law School.  Prior to joining B’nai B’rith International he worked in the Office of Presidential Correspondence for the Obama White House, practiced as an attorney at Covington and Burling, LLP, worked as an aide for New York City Council Member Tony Avella and interned for Congressman Gary Ackerman’s office. Click here to read more from Evan Carmen.

It has been a busy 2017 at the Center for Senior Services (CSS), and we are pleased to report on our advocacy efforts. Throughout the year we have been advocating on a wide range of senior issues relating to health care (Medicare and Medicaid), Social Security and affordable housing. Our work included meetings on Capitol Hill, organizing tours of B’nai B’rith sponsored buildings and co-sponsoring rallies on affordable housing. During the year we were excited that our work was noted by the Jewish Telegraph Agency (JTA), The Times of Israel and the New York Jewish Week.

Our advocacy efforts went into high gear in March when the White House’s proposed 2018 “skinny” budget was released, which called for a 13 percent reduction in the Department of Housing and Urban Development’s budget. A few months later when the administration’s more detailed budget was announced, B’nai B’rith was severely disappointed that Section 202, which is housing that was developed for low-income seniors, was underfunded and the White House proposed a rental increase for residents. 

Staying on top of the issue, the CSS team started visiting senator and representative’s offices on Capitol Hill that represent B’nai B’rith sponsored buildings. Specifically, we met with offices that work on the House and Senate Appropriations Subcommittees on Transportation, Housing and Urban Development. These committees are responsible for writing legislation that funds rental subsidies for the Section 202 program.  During the course of these meeting we explained to staff members how damaging the White House’s budget would be for low-income Section 202 residents. While the 2018 budget has not been finalized we are hopeful that our advocacy efforts on Capitol Hill will lead to the Section 202 program being funded more. 

In addition, we followed up those visits by inviting members of Congress and their staff to tour B’nai B’rith Section 202 buildings throughout the country. We are pleased to report that Reps. Jamie Raskin (D-Md.), Matt Cartwright (D-Pa.), Grace Meng (D-N.Y.) and Charlie Dent (R-Pa.), representing both political parties, toured our sponsored properties.  Furthermore, three of the four members who visited B’nai B’rith sponsored buildings work on the Appropriations Committees. These tours were a fantastic opportunity for members of Congress to see the benefits of the Section 202 program, and gave residents a chance to speak with their elected representative. Residents were able to directly tell their member of Congress the vital role Section 202 housing plays in their lives.

B’nai B’rith was also pleased to co-host with LeadingAge the “Save HUD 202” Rally and partner with the National Low Income Housing Coalition for the “National Housing Day of Action” over the summer. These rallies took place on Capitol Hill and featured representatives and senators who spoke about the need for affordable housing. We were certainly delighted  members of Congress who represent B’nai B’rith sponsored buildings attended the event. 

Our advocacy during the course of the year didn’t just stop with affordable housing. We spoke out against the White House and Congress’ attempts to repeal and replace the Affordable Care Act (ACA). After analyzing various proposed bills, B’nai B’rith was very concerned how these policies could negatively impact seniors. For example, many of the proposed replacement bills would have cut critical funding to Medicaid, allowed older Americans to be charged more for insurance, repealed vital taxes that help fund Medicare and waive important regulations that protect health care consumers. We spoke out on these issues by releasing press releases, blogs and joined with liked minded organizations opposing this legislation in a full page advertisement in Politico.   

Recently, B’nai B’rith has been very vocal against the recently passed tax reform legislation. We expressed serious reservations about this bill because of the damaging impact it could have on funding for Medicare and Medicaid attributable to rising deficits that will give cover to members of Congress to slash spending. In addition, the negative consequences repealing the ACA’s individual mandate will have on older Americans. We brought our concerns straight to congressional offices during our regular scheduled Capitol Hill visits regarding Section 202. However, we certainly applaud Congress for not eliminating the Low Income Housing Tax Credit which is critical for affordable housing construction, and the medical expense deduction which is incredibly important to countless seniors with high health care costs.
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The CSS team embarks on 2018 looking to continue our success from 2017. We will certainly look to invite more members of Congress and their staff to B’nai B’rith sponsored buildings, and advocate for the Section 202 program and other policies that are vital to seniors. 

The House of Representatives in Congress recently introduced legislation called the “Tax Cut and Jobs Act,” which makes drastic changes to our country’s tax code. Unfortunately, some of the proposed changes might have a negative impact on the Low Income Housing Tax Credit (LIHTC). The LIHTC is an affordable housing program administered by the Internal Revenue Service that awards tax credits to the private sector to spur construction that benefits low-income individuals. The LIHTC is responsible for around 90 percent of all current affordable housing construction in the United States, and has help create around 3 million apartments since it was established. 

In particular, the LIHTC has benefited seniors in the B’nai B’rith Housing Network in St. Louis at Convent Place Apartments, and in Massachusetts at the Coolidge at Sudbury Apartments. The U.S. has an affordable housing shortage, particularly amongst seniors. It is predicted that by 2025, 12.2 million seniors will spend more than half of their incomes on housing.

While the tax reform legislation has no direct changes to the existing LIHTC, the other proposed changes could have unfortunate indirect consequences for affordable housing. First, the legislation lowers the corporate tax rate from 35 percent to 20 percent which means that corporations will have less incentive to purchase the tax credits. After the 2016 presidential election, the mere threat of tax reform caused the value of the LIHTC to go down.  Tax reform that brings the corporate tax rate down to 20 percent without other modifications could be problematic for the tax credit.
 
Secondly, the tax reform proposal could threaten affordable housing by eliminating the use of private activity bonds that utilize the four percent credits from the LIHTC. Private activity bonds help finance around half of all LIHTC construction, therefore eliminating these bonds will have very serious consequences on the creation of new affordable housing, and the rehabilitation of existing stock.  

Tax reform legislation should be viewed as a golden opportunity to strengthen the LIHTC, and it’s a shame that the current proposal does not accomplish that goal. For instance, the House’s bill could include parts of LIHTC legislation in the House and Senate that would fortify this affordable housing program. In addition, both these affordable housing bills have broad bi-partisan support in the House and Senate, which only increases their likelihood of passage if included as part of the greater tax reform effort.  

The LIHTC is critically important to making sure that older Americans have a place to call home, and the tax reform legislation should not include proposals that could potentially make affordable housing for seniors more difficult to come by.   
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We were very pleased to welcome Rep. Charlie Dent (R-Pa.) recently to B’nai B’rith Apartments in Allentown, Pa. Dent has been an influential member of Congress since January 2005, and presently serves on the House Appropriations Subcommittee on Transportation, Housing and Urban Development. This committee is responsible for appropriating money for the Section 202 Department of Housing and Urban Development (HUD) housing program. B’nai B’rith is a proud sponsor of Section 202 HUD housing, was excited to show Dent all the great residents, staff and amenities in the building.

B’nai B’rith’s long history with Section 202 housing started in 1971 when we formed a partnership with HUD to sponsor housing for low-income seniors. The B’nai B’rith Senior Housing Network in the United States comprises 38 buildings and serves more than 8,000 people. B’nai B’rith International is the largest national Jewish sponsor of low-income housing for seniors in the country.

When Dent arrived he was treated to a tour of the building which featured an apartment unit, patio, common area, computer room and arts and crafts room. The tour allowed the representative to see all the building’s wonderful amenities and how Section 202 properties provide a community and family atmosphere for seniors. After the tour Dent spoke with about 90 B’nai B’rith residents regarding Section 202 rental subsidies, social security and health care. This Q-and-A allowed residents to directly tell the congressman how these federal programs affect their daily lives and for the congressman to share his perspective on important issues that impact seniors.   

After the event Dent said, "I truly appreciate the great work B'nai B'rith has been doing here in Allentown, Pa. for decades. B'nai B'rith provides affordable housing options to many seniors they very much like it here so we are blessed to have this organization in the community. And we want to continue to support organizations like B'nai B'rith and other who providing affordable housing in 202 for so many seniors and elders across the country."

In attendance from the B’nai B’rith Housing community were B’nai B’rith International Associate Director of the Center for Senior Services Janel Doughten; B’nai B’rith Assistant Director for Aging Policy Evan Carmen; B’nai B’rith Senior Program Associate Breana Clark; as well as B’nai B’rith Apartments staff including Board President Barbra Butz; Project Administrator Bob Sipos; Property Management Assistant Kathy Andreas Heath; Service Coordinator Jennifer Leffler; Rental Assistant Jessica Yaich and Recertification Specialist Beth Gonzalez.
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During the past few months we are happy to report that Reps. Jamie Raskin (D-Md.), Matt Cartwright (D-Pa.) and Grace Meng (D-N.Y.) have visited B’nai B’rith sponsored buildings in their districts. These congressional visits have given representatives firsthand exposure to the critical importance Section 202 buildings play in the lives of low-income seniors. Hopefully members of Congress leave Section 202 buildings with the understanding that they are not just a pile of bricks sitting on concrete—they are buildings that provide a safe and secure community for seniors, and more importantly a place for older Americans to call home. 

By Rachel Knopp

On the 13th anniversary of B’nai B’rith’s Resident Leadership Retreat, 28 seniors joined together at Perlman Camp in Lake Como, Pa. with the intent to bring a greater sense of community back to their homes. These representatives came from the 38 low-income senior housing facilities from across the country that B’nai B’rith proudly supports.

As the largest national Jewish sponsor of federally subsidized housing for the elderly in the United States, B’nai B’rith has become a key advocate for low-income seniors on Capitol Hill.  However, experiences like the Resident Leadership Retreat remind us that our residents are their own best advocates for their communities.

Janel Doughten, associate director of the B’nai B’rith International Center for Senior Services, reminds us of the importance of our resident leaders. “Unlike staff and the board of directors who go home at the end of the day, our residents call these facilities home at the beginning and end of each day. The goal is to help create a sense of community among the residents.”

The safety, security, and peace of mind that B’nai B’rith buildings have brought to residents lives were frequent topics of discussion between attendees. One resident from the B’nai B’rith building in Tucson, Ariz. said that finding his current building brought him out of homelessness. Many others shared in the sentiment including Bobbie Rudolph, from B’nai B’rith Apartments in Allentown, Pa., “I no longer have to worry about being evicted, due to not being able to pay my rent. The B’nai B’rith and U.S. Department of Housing and Urban Development (HUD) Supporting Housing for the Elderly Program allows seniors to retire and live with dignity. ​

With this in mind, it becomes clear why the resident leaders are so invested in strengthening their communities. Some representatives are long-standing officers of their building’s Resident Council, while others are self-proclaimed activists who demonstrated leadership by starting a recycling bin, like Liam Flanagan who lives in Covenant House, which is located in Brighton, Mass. Despite the range of displays in leadership, each representative arrived to Camp Perlman with an open mind to learn from one another.

Diane Daria, also from Covenant House, regards her building as providing a “built-in community.” Many of the seniors in B’nai B’rith housing facilities have lived alone for many years, like Daria. Before moving into her building, she lived by herself in a little bungalow located in the suburbs of Massachusetts. Now, Daria has the opportunity to connect with the over 250 residents that also call Covenant House home. 

Still, Daria recognizes her responsibility to foster community. In addition to taking Russian and cultural classes to connect with her neighbors, she is an impassioned member of the newly-formed Residents Council. Throughout the retreat, Daria connected with other resident leaders to brainstorm ways to engage more residents.
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During the day that focused on diversity, the group suggested ways to have more inclusive programming so that they can cultivate a community of acceptance within their buildings. While many buildings offer English as a second language classes, the group felt native-English speakers would benefit from Spanish or Russian as a second language classes as well. One resident, Jerry Fiman, of Covenant Place in St. Louis, shared his initiative to have a representative from each of the distinct cultural groups of his building acting as active members of the Residents Council.

The spirit of open-mindedness was exemplified that same night during a Havdalah ceremony to conclude the celebration of Shabbat. Most of the resident leaders are not Jewish, yet they approached the HaMotzi blessing that preceded each meal with respect and curiosity. Each resident leader placed their hands around the flame of the Havdalah candle, following a considerate discussion of interfaith values that morning. The culture of acceptance that was felt throughout the retreat is undoubtedly an integral part of their communities back home.

When the Resident Leadership Retreat concluded its week of living and learning, many expressed the instilled sense of confidence that the retreat provided. Helen Jordan from Pasadena, Texas expressed how the retreat not only fortified the beliefs she already had, but the curriculum gave her a means to implement them. A key component of the retreat was to harness this feeling of empowerment so that residents can serve as advocates once they return. 

The retreat included an advocacy session led by Evan Carmen, B’nai B’rith assistant director for Aging Policy: “The goal of the advocacy session is to educate B'nai B'rith Housing Network residents on the best ways they can engage with their elected representatives; this way their members of Congress are aware of the issues which are important to them.”

One of the attendees, Martha Boyle, has confirmed a meeting with Sen. Bob Casey (D-Pa.) Boyle plans to discuss with him about rental subsidies as it relates to affordable housing for seniors.
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For many of the resident leaders, a week at a sleep away camp tucked away in the Poconos Mountains provided an escape from their regular routine. For most low-income residents, a week of vacation has been an unavailable luxury to them for years. For others, the space to learn in a classroom environment was a reminiscent change, found to be invigorating.

​From my perspective as a member of a younger generation, I am inspired by the commitment to learn and make a difference that I see in the generation before me. The leaders who I grew to regard as friends are the same leaders who pushed forward for the social changes I enjoy today.  Since then, they have not quit moving and shaking. I regard the B’nai B’rith facilities across the country as a new ground for these leaders to make their mark.​

By touring the property, Congressman Raskin received a firsthand look at how important Section 202 affordable housing is for low-income seniors. He was introduced to members of the staff, and shown a resident’s apartment and the various amenities in the building such as the dinning and arts and crafts rooms. Walking through the property showed Congressman Raskin that Homecrest House is more than bricks and mortar; but a senior community that allows older Americans to “age in place.”

After the tour, the congressman dazzled everyone in attendance by sitting behind the piano and demonstrating his musical talent. Then, during the town hall, Congressman Raskin took questions from the residents on a variety of topics ranging from basic senior issues to affordable housing to foreign policy. After the Q and A, he took time to meet personally with all those in attendance.

In the months ahead, we will be working hard to encourage additional representatives and senators to visit B’nai B’rith sponsored buildings across the country. As demonstrated by the congressman’s onsite visit, inviting your member of Congress to visit affordable housing properties is a great way to advertise how integral these buildings are to low-income seniors being able to “age in place.” ​​​

If you were retired and living in an apartment community, would you want to live in a building totally isolated from your neighbors, or would you want to live in a vibrant community with a wide variety of programs and activities? Wouldn’t you want to live where you and your neighbors get to know one another, and are able to provide one another with mutual support through the good times and bad?   

Luckily, in the B’nai B’rith Senior Housing network, a dedicated group of resident volunteers makes sure it is the latter, through their individual buildings’ “Residents Council” or “Association.” 

The membership of each Residents Council is comprised of all the residents in that particular building. According to the U.S. Department of Housing and Urban Development (HUD), the Council is the voice in the community, and acts a liaison between management and the residents, as well as between the residents and the general neighborhood. Another significant role for every Council is to create programming and activities for the tenants. The Councils develop and carry out programs which they feel will improve the social and economic status of their residents.  

Moreover, the Council truly enhances the “quality of life” in their respective housing developments, creating a sense of community, shared responsibility and inspiring residents to have a feeling of civic pride in their homes. A key part of this is involving all members in the planning and execution of activities, whether it is an ice cream social or a senior prom.

Senior housing communities that have a well functioning Residents Council, besides just benefiting the residents, also will have benefits for management. Working together on solving community problems allows management to have a better, more satisfying relationship with their tenants, creating a sense of respect instead of mutual distrust.  Management can work with the Council to combat problems that affect all residents, such as residents propping open outside doors, people not cleaning up after their dogs, or any other issues that can impact people living in such close proximity in congregate housing. Although not required, HUD is very supportive of each Residents Council in all HUD subsidized buildings.

Recognizing how important these associations are for the tenants, Mark Olshan, Ph.D., director of the B’nai B’rith Center for Senior Services, created a program almost 30 years ago to provide training for these resident leaders of the B’nai B’rith buildings. The first Resident Leadership Retreat took place over three days. Over time, staff realized that it was such a wonderful opportunity, and with so much to learn, the retreat was eventually expanded to six days. 

The retreat takes place every other summer at B’nai B’rith Perlman Camp, located in the scenic mountains of northeastern Pennsylvania, and is open to two residents from each of our U.S. and Canadian housing communities. One of the best parts of the program is that the retreat takes place while the young campers are still there.  

The retreat features a variety of workshops conducted by staff from the B’nai B’rith Center for Senior Services including: how to run a tenants’ association, how to plan activities and programs for their fellow residents, how to recruit and retain volunteers, how to write newsletters and ideas to celebrate the diversity in our buildings. Sessions also provide icebreakers encouraging participants to network and learn from one another. A highlight of the camp experience is the opportunities for intergenerational activities with the elementary through high school population at camp. These programs include Israeli dancing and singing lessons, Shabbat services and various social events.

But that’s not all. The program is designed to be a memorable experience not just for the seniors who attend, but to be a benefit to all of the residents of our housing communities. Each participant is given the opportunity to learn skills so that when they go back to their buildings, they are able to make a difference in the lives of their fellow residents with a strong Residents Association. 

In early August, 36 residents will be attending the next Resident Leadership Retreat. Hear from residents who took part in the 2013 retreat:

Webster’s dictionary defines "fiduciary" as:

adjective: "relating to or involving trust (such as between a customer and a professional)"

noun: "one that holds a fiduciary relation or acts in a fiduciary capacity"

I mention this because after literally years of effort, stops and starts, lobbying, delays, and controversy, the Department of Labor (DOL) has released its proposed Conflict of Interest Rule--Investment Advice a.k.a. the “Fiduciary Rule.”

While this has been much anticipated in the financial services community and by advocates for retirement security, it has been greeted in the rest of the country with, well, mostly silence. Most people probably haven’t heard about it, but it matters.

Here’s the 60-second, 30,000-foot explanation of what it is, and why it is important.

The DOL and the Internal Revenue Service share responsibility for making rules related to tax preferred retirement vehicles, including both individual retirement accounts (IRAs) and workplace-based retirement accounts (401K, 403b) and others. One of the DOL’s responsibilities is making the rules for how financial advisers and account managers have to behave.

This is particularly important now that so many people have their retirement savings in accounts over which they have a great deal of control. As a result, they may be seeking advice.

Does the person you are asking for advice have a responsibility to put your interests first and disclose to you any financial interest s/he has in products in which you might invest? Does s/he have a financial interest in different choices you can make? If so, s/he is called a fiduciary. Over the last 40 or so years (during which time the rules have hardly been updated) many more of us are seeking out advice, and getting it from financial professionals who do NOT fall into the fiduciary category. That means we are getting our advice from professionals who are not legally required to put our interests first.

Does that mean their advice is always bad? Of course not, and many give solid advice and disclose any commissions they might benefit from based on choices they advise you to make. But not all do, and those who are not classified as fiduciaries are not always obligated to do so.

In the coming weeks we will continue to review the new rule--it is complicated, nuanced, and long--and we will update you about what the changes would mean for investors and professionals in the field. The rule is currently in its “comment period.” To read more and comment, click here visit the Federal Register’s website.

And from the DOL, learn more about conflicts of interest and the proposed rule change by clicking here.

Finally, check out the DOL’s short video on the matter: “Are your retirement savings at risk?”