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Michael Kreps - Entire Tax Code ‘Up for Grabs'
Manage episode 433811229 series 3450220
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The 50th anniversary of the Employee Retirement Income Security Act (ERISA) is rapidly approaching, a law that “affects real people every day,” according to Michael Kreps, a principal with Groom Law and chair of its Retirement Services Group.
Kreps, a former Senate HELP Committee retirement policy staffer, joins American Retirement Association (ARA) CEO Brian Graff to discuss recent Department of Labor (DOL) fiduciary setbacks, why it keeps happening, and the value of incremental change in regulatory policy.
They also note the coming tax policy debate in light of the expiring Tax Cuts and Jobs Act (TCJA) and what may or may not happen. It’s an important and timely conversation at a critical juncture for the retirement plan industry.
Kapitler
1. Pension Policy and Reform Discussion (00:00:00)
2. Strengthening Advocacy for Retirement System (00:17:13)
3. Progressive Concerns With 401k System (00:23:31)
4. Addressing Funding Challenges in Social Security (00:28:19)
5. Legislative Fatigue in Retirement Reform (00:37:29)
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