Retirement Advisors Now Free to Rip You Off Again

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Nine months ago President Obama signed an executive order that required retirement advisers to act in the best interest of their client. That seems like a good idea, doesn’t it? Maybe to you it does, but as it turns out, Republicans hate it. It’s just more nanny state-ism. They think everyone should have the freedom to pick financial advisors who get secret kickbacks for steering you into lousy investments.

Donald Trump doesn’t actually seem to care one way or another, but whatever. If Republicans want to repeal it, what the hell:

So that’s that. A few seconds after he signed the EO, a reporter tried to ask him a question about Iran. “They’re not behaving,” Trump said, and the pool was escorted out.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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