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If Retirement Pros Set Tax Policy Instead of Politicians, This Is What We'd Get
Fiduciary News; registration may be required
Oct. 31, 2017
"These are the experts who live on the front lines of the retirement industry. They see, first hand, what works and what doesn't work. They have no political favors to pay back, but they do have to worry about getting 're-elected' (i.e., retaining their clients). As a result, they may be more accountable when it comes to acting in the best interests of retirement savers. That's because they have a direct fiduciary liability for their advice and actions that no elected official can ever have. Nearly every financial adviser we spoke with agreed only one policy change would get people to save more for retirement: Increasing the cap on retirement contributions."
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