IRI Urges for Preservation of Current Tax Treatment of Retirement Savings

Posted on July 27, 2017

IRI Urges for Preservation of Current Tax Treatment of Retirement Savings

Looks to Continue Providing Information to Congressional Leaders & Trump Administration

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) released the following statement from IRI President and CEO Cathy Weatherford in response to the tax reform announcement made today by the Trump Administration and Congressional Leadership. 

"IRI was pleased to see our leaders in Congress and the Administration move forward today to advance the goal of enacting a comprehensive plan to reform our nation’s tax code.  As thousands of Baby Boomers reach retirement age daily, they are facing complicated challenges in attaining the financial security they desire for their retirement. To help them address those challenges, it is critical that tax reform do all that is possible to safeguard provisions that encourage and enhance their abilities to save for a secure and dignified retirement.

Preserving the current treatment of retirement savings is enormously important to families, to small businesses, and ultimately America’s economy.  That is why, we remain strongly in favor and urge the Members of Congress and the representatives of the President who are engaged in the tax reform conversation, to keep the goal of protecting and enhancing the way the current tax code treats retirement savings at the forefront of their discussions. 

IRI has been meeting with the Administration and Members of Congress, including all members of the House Ways and Means Subcommittee on Tax Policy and the Senate Finance Subcommittee on Taxation and IRS Oversight, urging the enactment of policies which will enhance retirement savings through tax reform and spur economic growth.  IRI looks forward to continuing our collaboration with the Trump Administration and Members of Congress on the proposals we have put forth on tax reform in letters we sent to the Administration and Members of Congress who are engaged in drafting the tax reform bill." 

About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is the leading association for the retirement income industry.  IRI proudly leads a national consumer coalition of more than 30 organizations, and is the only association that represents the entire supply chain of insured retirement strategies.  IRI members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals.  As a not-for-profit organization, IRI provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement.  Learn more at www.irionline.org.

-- END --


Contact: John B Jennings
For a PDF copy, click here.