What I Learned from Jill Judd, Insurance Agent Empowering Women

Our industry’s agents are there for American families when they need it most. They provide the reassurance to families that things are going to be okay financially in times of loss of a loved one. They help workers seeking comfort and security in retirement. They guide businesses so they can take care of their employees. They also have an ear towards the real challenges facing American families today. I was honored to sit down with Jill Judd, a State Farm agent and current President of the National Association of Insurance and Financial Advisors (NAIFA). Jill does remarkable work with families, … Continue reading "What I Learned from Jill Judd, Insurance Agent Empowering Women"

Here’s a Question Every Woman Leader Should Be Asking…

You might be surprised to know that 73% of working women are engaged in managing their long-term finances, according to research initiated by the American Council of Life Insurers. This is separate from things like budgeting for groceries or registering for kids’ sports teams, turning the outdated stereotype that women focus only on household budgets on its head. Women are active in making decisions about investments, insurance and other matters. This is great news! Women live longer than men and are likely to need more money in retirement. The more involved women can be in their long-term financial planning, the … Continue reading "Here’s a Question Every Woman Leader Should Be Asking…"

Senators’ Letter Points Way to a Grand Slam by Passing SECURE

This might be the most energized I’ve seen the nation’s capital in years. Enthusiastic groups have come together, bound by a common cause. People from all races, religions, genders and political persuasions stand side-by-side, unified by their shared passion. The cheers are intensifying. The excitement is building. And we’ve been anticipating and hoping for this for so long… Wait … you didn’t think I was talking about the Washington Nationals, did you? Washington is overjoyed that our Nats won the National League pennant and will be playing in their first-ever World Series next week. But actually, I wasn’t talking about … Continue reading "Senators’ Letter Points Way to a Grand Slam by Passing SECURE"

SECURE Act Would Help Small Businesses Offer Big-Time Retirement Benefit

There are countless reasons to be excited about the Setting Every Community up for Retirement Enhancement (SECURE) Act. For starters, it will: Prevent as many as 4 million people in private-sector pension plans from losing future benefits. Allow older workers and retirees to contribute more to their IRAs. Protect defined contribution plans at 1,400 religiously affiliated organizations. Here’s another one of my favorite reasons: SECURE will make it easier for small businesses to band together and provide retirement plans for their employees. This will be a big victory for American businesses and employees. Saving through payroll deduction to a workplace … Continue reading "SECURE Act Would Help Small Businesses Offer Big-Time Retirement Benefit"

SECURE Peace of Mind for Retirees

Running out of money is the biggest financial concern for people planning for retirement, according to a recent survey by the American Institute of Certified Public Accountants. Fortunately, Congress has crafted legislation that can provide peace of mind to people concerned about their retirement. The Setting Every Community Up for Retirement Enhancement (SECURE) Act expands access to retirement plans for millions of workers. The U.S. House of Representatives passed SECURE, 417-3. And momentum is building in the Senate as several senators pushed for a vote last week. The bill makes it simpler for small businesses to band together and provide … Continue reading "SECURE Peace of Mind for Retirees"

SECURE Tax Fairness for Gold Star Families

Next Sunday is Gold Star Mother’s Day, honoring the mothers whose sons and daughters died while serving in our nation’s armed forces. For thousands of Gold Star families, however, their day of honor will be marked by an undercurrent of financial uncertainty and stress. The 2017 federal tax reform law unintentionally changed the tax rules for survivors of fallen soldiers. And now an estimated 18,000 Gold Star families have seen their tax bill double, triple or worse. Like most tax issues, the details about this situation are complicated. But you don’t have to be a tax expert to appreciate the … Continue reading "SECURE Tax Fairness for Gold Star Families"

SECURE It: An Easy Call for Senate – Pass the SECURE Act

It’s been 13 years since Congress has passed any substantial retirement security legislation. We came close in 2016 when the Senate Finance Committee unanimously passed the Retirement Enhancement and Savings Act (RESA). Unfortunately, the clock ran out that year. But now we have the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which builds on the strong foundation of RESA. We’ve had a substantive and thorough debate over its merits. And its merits have won tremendous bipartisan support. As I mentioned in a recent podcast interview, financial security policy that affects people’s lives is complicated. There is a lot … Continue reading "SECURE It: An Easy Call for Senate – Pass the SECURE Act"