For years, sleazy insurance salesman have been selling high-commission life insurance policies and investments to vulnerable military men and women. One Congressman, Max Burns, has been fighting this travesty on Capitol Hill and last night he won a victory for servicemen and women everywhere. Last night, the House passed a bi-partisan bill that will protect military personnel. He hopes it moves just as quickly through the Senate and then goes into law. Currently, the unscrupulous salespeople are allowed to charge up to 50 percent commission for these contractual mutual funds. That’s a huge amount, and the bill will wipe out the chance that those kinds of funds are sold on military bases. This is good news for everyone.

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Speaking of protecting people, are you protecting yourself when it comes to your investments? Do you look at your prospectus to see if you are being charged a junk fee known as a 12B1 fee? If so, get out of that investments It’s a ripoff fee you should not be paying.