Do you know what you need to save for retirement?
Chances are you're relying on an investment adviser to help you understand your options – but many advisers are not legally prohibited from giving you false or misleading advice that is not in your best interest.
Even worse, the House of Representatives will soon vote on a bill that would delay a new rule to ensure you are receiving the most accurate investment advice for your retirement savings.
The misnamed "Retail Investor Protection Act" (H.R. 2374) would delay the Department of Labor from updating its rule requiring investment advisers to be free from conflicts of interest that might benefit them at the expense of you, their client. The Department of Labor has conducted extensive analysis and consulted with the financial industry to update this rule, but H.R. 2374 would interfere with the Department of Labor's authority and require the department to meet several additional conditions before issuing the new rule. Make no mistake: This bill is bad for everyday workers and their families.
The current rules haven't been updated since 1975, even though the financial and investment landscape has changed significantly since then. More workers now rely on 401(k)s and individual retirement accounts (IRAs) instead of traditional pensions, which means they are more vulnerable to dishonest or misleading investment advice. The Department of Labor is ready to finally update this outdated rule, but the House of Representatives is trying to stop the rule with H.R. 2374.
H.R. 2374 is expected to come up for a vote this month: Contact your representative today and urge her/him to oppose the bill!
Women are already more likely to suffer financial insecurity in their later years, in part because they tend to earn less than men when working in the same position and they tend to live longer than men on average. Our representatives shouldn't be making it harder for women to get the information they need to save for retirement.Urge your representative to vote against H.R. 2374!
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Attendees of the Southeast District Meeting enjoyed 2 great speakers, a silent auction and a 50/50 raffle that supports the Agnes Morris Scholarship Fund. The speakers 'spiced things up' with discussions on bettering our health. Dr. Glenda London shared some very important information on Women & Heart Disease. Did you know that heart disease is the leading cause of death? The statistics she shared pertaining to Louisiana were dismal. Ms. Julie Landry of St. Bernard BPW shared important information on Women & Stress. We had a lively discussion on ways to avoid heart disease and diminish stress. Walking and physical exercise lead the list of suggestions. So plan to get in a little exercise every day and get your blood analyzed for your risk of heart disease. It is a 'silent killer.' Let's spice up our lives with better food intake (more fruits and vegetables) and moving more! (yes, I had the soft-shelled crab, yet with cabbage and a salad-dressing on the side.) Wanda Alcon won the 50/50 raffle and donated her winnings to the AMSF! Thank you, Wanda! Special thank you's to Wanda Alcon, Kiesa Rodney, Julie Landry for making this meeting a great success! A special thank you to Deborah Keller for sharing a picture of Olga Dugas. What a special lady and a precious memory to share.
The Southwest/Central District was held in Alexandria on Saturday, October 26, 2013 at Logan's Roadhouse Restaurant. Ms. Gwen Messina, Independent Sales Director for Mary Kay Cosmetics shared with us how she rose in the ranks and how she balanced work and family. Business was handled, an invitation to Mid Year Board Meeting was issued and lunch was ordered. In all the excitement, we forgot to take pictures! O well, you had to be there. LOL!
National Business Women's Week
All Around The State
New Orleans BPW honored Rev. Ruth M. Elmer, Senior Minister of Unity Temple, for over 60 years of dedicated service to the teaching of 'truth lessons' on Sunday, October 20th. Rev. Ruth recently retired from the pulpit. Her grace, soft voice and sharp sense of humor were hallmarks of her teaching style. She was showered with gifts, hugs and kisses following service. We 'spiced things up' with gumbo, salad and ice cream cake, serving attendees as we fellowshiped with this special lady.
From BPW Foundation
To BPW Foundation Legacy Members,
We wanted to wish you well this week as you carry out your various National Business Women’s Week (NBWW) activities. As you know, BPW Foundation often singles out extraordinary women nationally who epitomize what it means to be a woman leader in the workplace. This year we felt that we could not overlook the vital work of the Women of the U.S. Senate who were instrumental in working out the compromise that allowed our government to continue functioning. So we are saluting them and their work during NBWW. Roslyn Ridgway, Chair of the BPW Foundation Board of Trustees, has sent a letter to each of the Women of the Senate and we also distributed the attached press release. We hope that as part of your celebration of this the 85th, NBWW you will also highlight the work of these women. Please feel free to use the press release and add a quote from you leadership.
If you live in a state represented by one of these women, consider adapting the letter and sending it from your Local or State President. We want to be sure that the work of these women is not overlooked.
Here are two articles on the work of the Women of the Senate that you may find useful.
Again, good luck this week as we celebrate all of the achievements of working women, knowing that there is still work to do.
Deborah L. Frett
Business and Professional Women's Foundation
If YOU are interested in becoming a member, complete the Member Application located on this site. Renewing members can also renew their memberships on this web site.
BPW Members: This site allows our members to access a directory of other members within the state, access members-only materials (such as BPW/LA Bylaws, Policies and Procedures, Leadership Resources), and materials covered by our license agreement with BPW Foundation (YC and ID materials). To access these, log in using your email and password in the lower left hand corner of the page.
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