I value access to my professional financial advisers. They help me to develop and execute a plan to achieve my financial retirement goals. The Department of Labor rule proposal could severely disrupt this marketplace and have lasting unintended consequences on small dollar IRA accounts.
Also, at a time when Congress is considering tax reform it is critical that tax incentives for retirement savings be preserved in any tax reform legislation so that Americans can continue to proactively save for a dignified retirement.
Why is this important?
The growing gap between what Americans need for retirement and what they have is in the trillions of dollars. That’s why it’s critically important that those representing different interests have an ample amount of time to submit comments to the Department of Labor on this proposed rule.
