How can this be? How can I, a very vocal advocate of the universal fiduciary standard, endorse for president the candidate least likely to actually see such a reality come to fruition? Here's my dilemma.
In the past three years, I've written more than 300 articles on the subject, published a book on it and spoken at various conferences across the country on the matter of fiduciary duty. I take it very seriously. Lest you don't think that fact present enough credibility, I also feed my family based on providing fiduciary services to both 401(k) plans and individuals. So I have some skin in the game when it comes to promoting the fiduciary standard: I practice what I preach.
Clearly, as recent stories suggest, it is the Obama administration that is most likely position to follow through with the work of the SEC and DOL regarding their fiduciary policies. There's no question these policies both increase readership interest in my writing (and helps me sell more books) as well as helps me promote my business. So, naturally, why wouldn't I endorse the re-election of Obama?
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
