A Message to Members and Your Clients: NAIFA has Your Back

September 28, 2017

Dear NAIFA member,   Tax season may not begin until next year, but we have officially entered tax-reform season. The White House and Republican leaders in Congress yesterday released their “ Unified Framework for Fixing Our Broken Tax Code ,” which establishes guiding principles for congressional tax-writing committees tasked with drafting legislation in the months to come.   It is times like these that NAIFA’s advocacy efforts switch into high gear, and NAIFA members like you r...

NAIFA, Industry Respond to Republican Tax Framework

September 27, 2017

The White House and Republican leaders in Congress today released their “ Unified Framework for Fixing Our Broken Tax Code ” proposal for comprehensive tax reform. The nine-page document does not include full legislative details, but establishes principles for the tax writing committees to follow to cut tax rates for individuals and businesses with an “aim to maintain or raise retirement plan participation of workers and the resources available for retirement.”   The Save Our Savings coal...

NAIFA-Maryland, NAIFA-Greater Washington Score a Victory on Agent Commissions

September 18, 2017

CareFirst Blue Cross Blue Shield, Maryland’s largest health insurer, has reversed a decision to eliminate agent commissions on individual health insurance policies for 2018, thanks largely to advocacy by NAIFA-Maryland and NAIFA-Greater Washington, D.C.   Many large health insurers have significantly reduced or even eliminated agent commissions on new sales of individual market health insurance policies in recent years. NAIFA believes these decisions are short-sighted and ignore the cri...

NAIFA Issues Statement on Senate Finance Committee Tax Hearing

September 15, 2017

NAIFA CEO Kevin Mayeux issued this statement following the Sept. 14 Senate Finance Committee hearing on tax reform:   “As Congress and the Trump administration begin policy discussions on tax reform, it is crucial that they bear in mind the important role the tax code plays in encouraging Americans to take responsibility for their own financial futures and prepare for retirement. NAIFA is encouraged that three of the four witnesses at yesterday’s Senate Finance Committee hearing raised ...

U.S. Chamber Event Explores Fiduciary Impacts

September 14, 2017

NAIFA member Joe Cope, CFP, founder and CEO of Cope Connelly in Bethesda, Md., was part of an expert panel at last week’s “ Fiduciary Duty: Assessing the Real World Impact ” event put on by the U.S. Chamber of Commerce. As a participant in the “Advisor Perspectives” session of the meeting, Cope explained how the Department of Labor fiduciary rule is impacting clients and their relationships with advisors. "The DOL rule does impact my conversations with small clients and the decision of wh...