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March 11, 2024
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We Need Your Help To Defeat the DOL Rule
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Help support industry efforts to defeat the DOL fiduciary-only rule by sending the
National Association for Fixed Annuities’ (NAFA’s) prewritten letter to Congress.
See below for NAFA’s message and a link to its prewritten letter.
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Tell Congress: Protect Retirement Savers!
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Whose retirement is Washington protecting? NOT the middle-income earners.
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The Department of Labor
is pushing for a regulation that will
make retirement more difficult for everyday people with moderate income.
Unless you have $100K ready to invest,
this regulation shuts down access to financial guidance.
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Here’s why we need to take action now:
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In 2024, the most Americans in history turn 65.
Most are self-funding retirement through 401(k)s and IRAs.
Millions without protected income will risk running out of money.
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This regulation will prevent financial professionals from helping most people access products like
annuities, which, like pensions, provide guaranteed lifetime income.
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The regulation says people can only work with fiduciaries,
who typically require their clients to have balances of $100,000 or more
and usually charge ongoing fees before they will work with them.
This will make financial guidance unreachable
for many middle-income savers who cannot afford
these account minimums and on-going fees.
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Congress
is reviewing legislation which funds this harmful policy. We need to TAKE ACTION and ask them to protect retirement savers. |
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We are asking you to send a
pre-written letter
to your Congressional representative and Senators.
Please utilize the link below to access the grassroots platform to submit your letter.
Letters should be submitted no later than
COB March 15, 2024. (If you would like to preview that letter before sending, please see it
HERE.)
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| Thank you in advance. |
