Roughly a year ago, we learned some very upsetting news that our dear friend, Mr. Des Taylor had been diagnosed with a very aggressive form of brain cancer. We learned a short time later that Des’ illness was very likely terminal and that he would not be with us much longer. In fact, he was with us barely a month after we learned of his diagnosis. Sadly, we said a final farewell to Des on August 27, 2013. On this day, July 30, one year ago, Des penned a farewell letter to all of us. I feel that this letter is worth reading again today.
The House Financial Services Committee today marked up the Terrorism Risk Insurance Act (TRIA Reform Act) including an amendment that would create a National Association of Registered Agents and Brokers (NARAB). NARAB would be a national licensing organization to allow insurance agents to operate in multiple states more efficiently.
A new report published by the College for Financial Planning concludes that consumers whose household incomes fall in the middle market range ($30,000 to $100,000) have “an uphill battle” to overcome when planning for retirement: low income, low retirement fund balances, and few assets. The report cites the two greatest factors for middle-income retirement: the stability of Social Security and the health of the retiree.
Last week, more than 700 NAIFA members, including 46 members from Texas, attended the association's Congressional Conference in Washington, D.C.