GOD FAMILY COUNTRY AND THE DOL FIDUCIARY RULE

Everyone has a Code of Conduct that they use as a basis for their decision process. Not all Codes of Conduct are the same. Some are logical and humane and others defy logic and violate human nature. The Code of Conduct that I incorporate in my daily life is "God Family Country" and it works for me. The first principal is God. "What is the best decision in the eyes of God". "You do the right thing, because it is the right thing to do", to quote Patrick Ryan. It is my belief that everyone must face their maker and there are no excuses for bad behavior. The second principal is Family, Is my decision beneficial to my family. We all have a responsibility to provide love and care for our family, both morally and legally, and that is the second step in the decision process. And the third principal is to my Country. "Does my decision serve the community and the country well". Community service and volunteering for needy causes is essential in my daily life after the first two principals are achieved.. The hierarchy is God first, Family second and Country third. My issues with the DOL Fiduciary Rule is that it violates all three of my principals in my Code of Conduct. It violates the principal of God. Doing the right thing for a client is important in the eyes of God, yet with the DOL Fiduciary Rule, I am forbidden to advise clients regarding their retirement money unless I reactivate my securities license and subject myself to the scrutiny of the Washington Establishment as opposed to the scrutiny of the State Department of Insurance that has carefully watched my performance for 40 years. At a time when the average American is in no way prepared for retirement it makes no sense to eliminate 3 million insurance agents from the retirement planning process and leaving this responsibility in the hands of only a select few people with securities licenses that focus their attention on the wealthy that can afford their high fees. I posted a study on my Facebook Page that showed the median amount of money saved by American households from age 55 to 65 years of age is a measly $17,00. And for American households ages 45 to 55 years of age the amount is even less at $8,000. You can review the study on my Facebook Page. The problem is magnified by the "Baby Boomer" tsunami of retirement dollars that will turn over in the next ten years. This will be the greatest money transfer in the history of man and Washington wants to reduce the options that people have for advice on their money for retirement. Furthermore the DOL Fiduciary Rule will effective ruin one of the greatest retirement products in history, the Fixed Indexed Annuity, because it includes commissions and they apparently are not PC. Fees are OK, but commissions are taboo. The ultimate loser is the consumer and that should be the person that is serviced and not penalized. The DOL Fiduciary Rule violates my second Principal of family. if I wanted to conform to the DOL Fiduciary Rule and reactivate my securities license, it would require a commitment of time and money at a time when I just opened a new insurance agency and time is a precious commodity. Other agents in my organization have active securities licenses to assist clients, but some do not. The DOL Fiduciary Rule also violates my third Principal of Country. In my opinion the Washington Establishment have reversed the role of service from the Washington Establishment serving the American people to the American people serving the Washington Establishment. I base this on my Principals of God Family Country. If legislation does not meet this criteria then the legislation is flawed. Legislation that does not work in the eyes of God, for the betterment of the Family and for the best interest of the Country and the community it should be repealed. Serving the needs of special interests and the privileged few at the detriment of the rest of the country is definitely flawed legislation. the DOL Fiduciary Rule is flawed legislation and should be repealed immediately to protect the American people. The DOL Fiduciary Rule is not the only flawed legislation to leave Washington in the last 10 years and is typical of the role reversal of service attitude in the Washington Establishment.

Robert Jones

Independent Inusrance Agent at Seniors-r-us

7y

I would have to agree with you 100 %. If I were looking for work, I would be proud to work with or for you.

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