<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
3 min read

NAIFA Webinar:  COVID-19 Executive Actions in August

By NAIFA on Aug 28, 2020 10:39:57 AM

View the Webinar On-Demand

Topics: Advocacy Tax COVID-19
1 min read

ALI Survey Finds Growing Concern Among Workers Planning for Retirement

By NAIFA on Jul 29, 2020 1:26:23 PM

A new survey by the Alliance for Lifetime Income (ALI) finds that 70% of older working Americans with at least $100,000 in assets are more pessimistic about their retirement plans because of the COVID-19 pandemic. One-in-five of these workers, or approximately 3.2 million Americans, now plans to retire later than they had anticipated. ALI notes that the number would likely be much higher had the survey also included older workers with less than $100,000 in assets.

Topics: Annuities Retirement Planning Legislative & Regulatory COVID-19
5 min read

Pandemic, PPP and Policy

By NAIFA on Jul 24, 2020 4:52:31 PM

This special NAIFA webinar provided Paycheck Protection Program updates and information on COVID-19 amendments to the Family Medica Leave Act that insurance and financial professionals need to know. NAIFA members may view the webinar on-demand. If you are not a NAIFA member, please join.

Topics: Legislative & Regulatory COVID-19
1 min read

IRS Provides Flexibility on RMD Rollovers for 2020

By NAIFA on Jul 24, 2020 4:43:03 PM

The CARES Act, signed into law in late March, waives the 2020 required minimum distribution (RMD) for IRAs and defined contribution plans, like 401(k)s and 403(b)s. This provides owners of these products flexibility and prevents them from having to draw down their plans while facing COVID-19-related market volatility.

Topics: COVID-19 Retirement Plans
2 min read

Expert Panel to Provide New Insights on the Paycheck Protection Program to NAIFA Members

By NAIFA on Jul 17, 2020 3:58:47 PM

The federal Paycheck Protection Program (PPP) has provided more than $517 billion in COVID-19 relief loans to nearly 5 million employers across the United States. Nearly 170,000 loans have gone to companies in the finance and insurance sector, while many more have gone to small businesses served by NAIFA members and other financial professionals. As of July 7, more than $130 billion remained in PPP funding, according to the Small Business Administration.

Topics: Legislative & Regulatory COVID-19
1 min read

SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

By NAIFA on Jun 17, 2020 5:27:02 PM

On June 17, the U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020.  In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that:

Topics: Legislative & Regulatory COVID-19
1 min read

NAIFA Urges Congress to Bolster Retirement Savers in Next Phase of COVID-19 Legislation

By NAIFA on Jun 17, 2020 2:45:39 PM

NAIFA’s advocacy team and grassroots army have been engaged from the beginning of conronavirus-related shutdowns with Congress, state legislatures, and federal and state regulators on proposals to provide economic relief and recovery assistance to individuals, families, and small businesses. We provided input to Congress as they shaped the first three phases of COVID-19 legislation, including the Paycheck Protection Program.

Topics: Advocacy Retirement Legislative & Regulatory COVID-19
1 min read

NAIFA Praises Legislation to Provide Flexibility on COVID-19 PPP Loans

By NAIFA on Jun 4, 2020 4:11:01 PM

The U.S. Senate has passed the Paycheck Protection Program Flexibility Act that would increase the program’s loan period for borrowers seeking forgiveness from eight weeks to six months. The legislation would also expand the ability of small businesses to use PPP funds to pay rent, mortgages, utilities, and other essential business costs. The bill keeps the obligations requiring recipients seeking loan forgiveness to avoid layoffs and provide worker protections. The House of Representatives had previously passed the bill, and the president is expected to sign it into law.

Topics: Advocacy Legislative & Regulatory COVID-19
1 min read

Sen. Scott Offers Thoughts on the Next Round of COVID-19 Legislation

By NAIFA on Jun 3, 2020 3:09:08 PM

Sen. Tim Scott (R-SC) had some interesting things to say on the Politico "Morning Money" program about the economic recovery and the potential for future COVID-19 legislation. As a former financial professional and NAIFA member in the days before he entered politics, Scott shows a strong understanding of the issues important to agents and advisors and their Main Street clients.

Topics: Legislative & Regulatory COVID-19
1 min read

Advocacy in Action Day: Meeting the Moment in Response to COVID-19

By NAIFA on May 21, 2020 9:57:03 AM

Susan Neely, president and CEO of the American Council of Life Insurers, provided an inspiring and laudatory message to attendees of NAIFA’s Advocacy in Action Day. She spoke of how the life insurance and financial services industry and agents and advisors are “meeting the moment” during the COVID-19 crisis.

Topics: Advocacy COVID-19

SUBSCRIBE FOR UPDATES