Obama to announce retirement account change

U.S. President Barack Obama speaks at a event to promote a new health care program by approving $215 million for a Precision Medicine Initiative designed to help doctors tailor treatments to the individual characteristics of their patients in the East Room of the White House Jan. 30, 2015 in Washington, D.C. President Barack Obama will head to the AARP Monday afternoon to announce a change in policies affecting retirement accounts -- part of a series of moves the White House says is aimed at boosting the middle class. Obama will call on the Department of Labor to develop a rule that would require retirement advisers to abide by a "fiduciary" standard -- mandating that they put their clients' interest ahead of making a profit.



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