July 11, 2014
- President, TD Ameritrade Trust Company
Managing Director of Advisor Advocacy & Industry Affairs
“As Managing Director of Advisor Advocacy & Industry Affairs for TD Ameritrade Institutional, I help to expand the voice of registered investment advisors (“RIAs”) on important policy issues. As I publish my insights here on the regulatory and legislative issues that affect fiduciary advisors and their retail investor clients, you can be certain that I’m working alongside you every day to make sure that common sense, efficient regulation, and investor interests prevail.”
-Skip Schweiss (Follow Skip Schweiss on Twitter @TDASchweiss)
For many policy issues these days, the ever-shifting and conflicting political winds can create quite a whiplash. So it is for retirement policy in the United States. At stake is nothing less than the retirement security of millions of American workers and their families. We would like to see many more American workers have access to the retirement system, so they can save money more easily to fund a dignified retirement.
This noble goal, however, may be overrun in Washington by another objective: getting a handle on America’s $17 trillion federal debt and our annual budget deficits.
There are some lawmakers who want to tax retirement contributions to help reduce the overall debt by reducing incentives for employers to sponsor plans and for workers to contribute to them. That is bad policy, in our view. There are other, better options.