The Labor Department’s new rules say advisers and brokers working with retirement accounts must act in their clients’ best interests.
Michael Mitchell, a professional musician with debt from graduate school, turned to social work and received a master’s degree in 2006. His diligence in following a federal program’s rules erased his $170,000 student loan debt.
Michael Francum was notified that his work for the National Association of Social Workers qualified as public service. The story changed the next year, however.
Robin White, an assistant professor at Nicholls State University in Thibodaux, La., purposely paid more than she owed on her student loans. “I wanted to make it clear that I was not trying to take taxpayers’ money,” she said.
A house under construction in Henderson, Nev. With home prices in many parts of the United States soaring, cobbling together a healthy down payment is getting harder for many would-be home buyers.
Caroline Beit’s tale of life in the trenches as a volunteer tax preparer reckoned with money and feelings and their intersection to make you see the world in a new way.
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