National Association of Insurance and Financial Advisors

NAIFA's Mayeux Among Thought Leaders at CNBC Roundtable Event

NAIFA CEO Kevin Mayeux was among several insurance and financial industry thought leaders to participate in a CNBC roundtable discussion: “Mind the Gap: Addressing America’s Savings Shortfall.” CNBC personal finance correspondent Sharon Epperson hosted the event, which featured Sen. Rob Portman (R-OH).  
 
A chief topic of discussion raised by Mayeux, Portman, and the other participants was the SECURE Act, which would make it easier for small businesses to provide retirement plans and encourage more American workers to contribute to plans. NAIFA encourages Congress to pass SECURE before the end of the year.
 
Portman is also a strong supporter of the SECURE Act and has urged his Senate colleagues to act on the bill, with passed overwhelmingly in the House of Representatives earlier this year. He has also introduced, along with Sen. Ben Cardin (D-MD), the Retirement Security & Savings Act. The bill would ease rules on retirement contributions to allow people who have fallen behind to set aside more for retirement, offer further incentives for small business owners to offer retirement plans, expand retirement-savings opportunities for low-income Americans, and give retirement savers greater flexibility.
 
“We had some great discussions with Sharon Epperson and Senator Portman about ways the private sector and public policy can help close the savings shortfall and, particularly, help Americans better prepare themselves for retirement,” said Mayeux. “I was pleased to thank Senator Portman, on behalf of NAIFA, for his excellent work in promoting retirement legislation that would benefit workers and small business owners.”
 
The roundtable was sponsored by Prudential.
 
  • Posted December 5, 2019 IN


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