WASHINGTON -- Investment advisors will play a critical role in helping the nearly 80 million baby boomers and future generations develop a sustainable plan for retirement, a pair of senators said on Wednesday.
At a Capitol Hill luncheon hosted by the Insured Retirement Institute, an industry association, Sens. Ben Cardin (D-Md.) and Rob Portman (R-Ohio) warned that the broad changes in the way Americans are able to save for their retirement threaten to leave millions without enough income, creating an untenable strain on the social safety net.
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