National Association of Insurance and Financial Advisors

NAIFA and Industry Partners Brief Members of Congress on Retirement

Judi Carsrud, NAIFA’s assistant vice president for government relations, was a featured presenter at a Capitol Hill briefing today on retirement and related legislative issues for new members of Congress and their staff, as well as returning members of the Ways & Means and Education & Labor committees. Along with representatives from allied industry groups, Carsrud informed lawmakers on the importance of retirement planning, the vital role insurance and financial advisors play in helping worker prepare for the future, and how decisions made in Washington impact the ability of Americans to retire comfortably.
Carsrud had several points of emphasis in her presentation to lawmakers:
  • Retirement readiness is a bipartisan, high priority issue where federal legislation can have a big impact.
  • Tax laws, as well as participation and non-discrimination rules, have a major influence on the ability of employers to offer retirement plans and the ability of workers to save.
  • Annuity products that offer a guaranteed income for life are available and are a crucial part of many successful retirement plans.
  • Small employers face multiple hurdles when establishing retirement programs for their employees, including administration, record-keeping, and reporting requirements, as well as compliance with complex laws and regulations.
NAIFA is committed to serving our members and consumers with the strongest and most effective advocacy mission in the industry. A key to our success is our ability to educate Congress on complex financial, insurance, and risk management matters. Today’s briefing is one example of NAIFA advocacy in action. Behind the scenes, NAIFA staff, leaders, and members work daily to build relationships with lawmakers, regulators, and industry partners to advance our advocacy message.
NAIFA also provides opportunities for agents and advisors to get involved. For example, NAIFA’s annual Congressional Conference is the industry’s largest D.C. fly-in, during which advisors from every state meet with their lawmakers on Capitol Hill to discuss issues crucial to their own success, the industry, and their clients. This year’s Congressional Conference is May 14-15. You can learn more and register online.   
  • Posted March 11, 2019 IN

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