Do you want a doctor who gives you the medicine that\u2019s best for you, or one that gives you the medicine he makes the most money on? The answer, of course, is obvious.\r\n\r\nDo you want a financial advisor who gives you the investments that are best for you, or one that gives you the investments he makes the most money on? The answer should be equally obvious but today, in Washington, it\u2019s not.\r\n\r\nLegions of lobbyists representing the financial industry have descended on the capital with this nonsensical argument:\r\n\r\n\u201cIf we have to act in our customer\u2019s best interest, we can\u2019t make a profit selling to middle-income customers. So they won\u2019t have access to our \u2018advice\u2019, and the good people of America will see their retirement savings erode.\u201d\r\n\r\nWhat\u2019s behind this tortured logic? Well, there are two types of investment managers:\r\n\r\nBrokers. Brokers are salespeople, who push the products that make them and their firms the most money. And they get compensated in secret back-room deals between and within their firms.\r\n\r\nAdvisors. Many people call themselves advisors, but a true advisor is a \u201cfiduciary\u201d \u2013 someone who has a legal obligation to do what\u2019s in the best interest of their customers, not of themselves.\r\n\r\nBrokers have long been dominant, but advisors are gaining steam. And now the part of the government that oversees retirement savings accounts \u2013 which have special tax advantages to encourage savings \u2013 has suggested that anyone who provide these special accounts should be a true advisor. \r\n\r\nThis makes sense. After all, our retirement savings crisis \u2013 the fact that so few American families have sufficient savings to live out their lives in dignity \u2013 is perhaps the biggest looming financial crisis we face.\r\n\r\nAnd yet, retirement savings accounts like 401ks and IRAs are too-often stuffed with over-priced and poorly-selected financial products delivered through a series of middlemen each of whom take a piece as it goes by. \r\n\r\nFinally, the government and consumer groups are standing up to the financial lobby, and demanding this be fixed. Groups like AARP, which has an intense interest in improving our prospects in retirement, are advocating change. So is the Labor Department, which is responsible for retirement programs in America. (Take a look at my video on the Labor Department\u2019s site.) \r\n\r\nYou can help. Click here to send a your comments to the Labor Department. Tell them you\u2019re fed up with a system that, according to a recent study, is draining an astonishing $17 trillion each year from the retirement accounts of you and me. \r\n\r\nExcessive fees in retirement accounts can reduce your long-term retirement savings by 25-50% over the years. (Try our free 401k fee analyzer here.) Imagine having only one half of what you saved when you face retirement. And because we\u2019re living longer, if you retire at 65 you\u2019ll need to be able to support yourself and your family for another twenty-five years.\r\n\r\nWe deserve something better than today\u2019s broken system. And if Congress can withstand the blizzard of influence-peddling from the lobbyists, we\u2019ll get it.