Methods to stimulate the economy are a dime a dozen these days, and most involve at least one of the usual suspects: tweaking taxes, or something to help out big corporations and Wall Street. What if something could be done on the retirement planning landscape to empower individual savers and investors, which would then spur the economy? Simplifying qualified retirement plan names and rules could help investors better understand and manage their savings. Allowing investors to own and occupy real estate within retirement-based accounts could get the housing market moving. Permitting investors to use their retirement accounts to start or buy a business could have an impact on the unemployment rate, too. Such ideas could transfer trillions of dollars in purchasing power to the largest segment of the economy: the consumer.
The Illinois carrier recently raised $35 million through a stock offering.
One of the recorded votes on amendments was on a jab at short-term health insurance.
A Principal Financial executive represented life insurers at the hearing.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.