NAIFA Members Prepare to Give Voice to Industry on Capitol Hill

November 30, 2017

With Congress and the administration deep in the process of tax reform, NAIFA CEO Kevin Mayeux assured a packed room of NAIFA members that, as an association, “we are in our element.”   “Though much is happening behind the scenes as negotiations occur, tradeoffs are made, and agreements are reached, you can rest assured that NAIFA is here to provide a voice for our industry and to look out for your interests and the consumers who need the products and services you provide,” Mayeux told me...

House Tax Bill Could Negatively Impact Long-Term Care

November 20, 2017

The House Tax Bill, H.R.1, which repeals the deduction for medical expenses, could have the unintended result of discouraging long-term care and increasing the cost of premiums. Under current tax law medical expenses that exceed 10 percent of their adjusted gross income (AGI) can be deducted. While the provision would affect many people, the majority are senior citizens who would no longer be able to deduct home care costs, assisted living, or long-term care premiums.    Currently, qualif...

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Tax Reform Illustrates the Importance of NAIFA Membership

November 15, 2017

“Laws are like sausages. It’s better not to see them being made.”                         - Attributed to Otto Von Bismark ( though he probably didn’t say it )   Dear friends, Times like these are a big reason you are a NAIFA member.* Congress and the administration are deep in the sausage-making process of tax-reform . I don’t need to tell you how important tax laws are to the success of your family, your business, your clients, and our country. Though much is happening behind...

NAIFA Thanks America's Veterans

November 10, 2017

Dear NAIFA Members,   On behalf of NAIFA I would like to thank all of our nation’s veterans. Your service has guaranteed our freedom and provided your fellow Americans with stability for the present and hope for the future. In particular, I would like to send our heartfelt gratitude to NAIFA members who have served our country in the armed forces.   It’s no surprise to me when I see references to military service on the resumes of many insurance and financial advisors. NAIFA members a...

Texas law helps financial advisors combat elder financial abuse

November 6, 2017

In a column published in the Dallas Morning News, NAIFA-Texas President Joseph Orr II says financial advisors are often the first to note the warning signs that a senior citizen could be victim of a financial scam. For one, life savings begin to drain away. “With people age 50 or older controlling more than 70 percent of the nation’s wealth, today’s scammers are more sophisticated than ever before,” writes Orr. “Until now, there was little (financial professionals) could do to act in T...

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