From the article:
“The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams . . .”
I’ve already fallen prey to one financial scam - it’s called Social Security.
By coincidence, it turns out the amount I’ve put in my private retirement account almost exactly matches the amounts contributed by me and my employer in FICA. Yet present projections are that my private account will pay on my retirement almost *twice* what Social Security will - *and* that includes preservation of my principal for my heirs.
The last thing I want is those sharks anywhere near my individual retirement funds.
“I’ve already fallen prey to one financial scam - it’s called Social Security.”
You didn’t fall prey. You were coerced.