Investment News Recognizes NAIFA for Advancing Diversity & Inclusion

August 15, 2018

NAIFA is proud to announce that the association has been selected as an Honorable Mention as part of InvestmentNews’ inaugural Excellence in Diversity & Inclusion Award Program. NAIFA will be recognized from the podium during the Excellence in Diversity and Inclusion Awards Ceremony, which takes place October 9 at the Edison Ballroom in New York City. NAIFA was selected for this prestigious award because of its commitment to diversity and inclusion in the financial-services industry. Over ...

Young Americans Are Optimistic About Their Finances But in Need of Guidance

August 15, 2018

Young Americans are optimistic about their future financial prospects. More than three-quarters of 16-to-25-year-olds in a recent Charles Schwab survey say they expect to do better financially than their parents. Some 81 percent say that they have seen their parents experience a financial hardship of some sort.   The optimism is a reversal of sentiments expressed in a similar Schwab survey in 2009, when many young respondents were “very concerned” about their personal financial futures....

NAIFA Suggests Changes to SEC Best Interest Proposal

August 10, 2018

NAIFA has submitted a comment letter to the Securities and Exchange Commission on SEC’s proposed best interest standard. In the letter, NAIFA President Keith Gillies reiterated NAIFA’s support for a best-interest standard of conduct for advisors and firms whose practices involve securities. The letter also lays out several concerns NAIFA has with the SEC proposal.   First, NAIFA urges the SEC to withdraw or revise the rule’s proposed restrictions on broker-dealers and their registered...

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IRS Proposal Clarifies Pass-Through Income Taxation, Provides Tax Benefit for Insurance Agents

August 10, 2018

The federal tax-reform law passed late last year left lingering questions about how the law affects taxpayers with income from “pass-through” businesses. A regulation proposed earlier this week by the Treasury Department clarifies the situation.   The rule and the tax code are very complex, and NAIFA members should seek counsel from tax professionals to determine how the pass-through regulation would apply to them. In general, however, the rule allows taxpayers to deduct up to 20 percen...

NAIFA Applauds HHS Rule on Short-Term Health Insurance

August 1, 2018

The U.S. Department of Health and Human Services has released its final rule increasing the maximum duration of short-term, limited-duration insurance (STLDI) from 90 days to one year. NAIFA has advocated for this change in conversations with HHS officials and a comment letter submitted during the rule-making process.   STLDI plans provide consumers with temporary, basic, affordable health insurance coverage, often at times they are in dire need of insurance and facing setbacks in the...