On Tuesday, the Senate Finance Committee is set to hold a hearing on Joe Biden’s pick for Treasury Secretary, Janet Yellen. For the next several years her decisions and advice will impact the American economy at every level, including retirement. The Insured Retirement Institute (IRI) wants to know what Yellen is thinking about retirement issues such as income planning and aging.
IRI President Wayne Chopus has sent the Senate Finance Committee a long list of suggested retirement-related questions that the IRI would like to be answered and wants to hear her thoughts on:
-
The SEC’s new Regulation Best Interest framework for regulating the conduct of financial professionals.
-
New programs that could help life insurers finance government infrastructure construction projects.
-
New efforts to promote use of private-sector long-term care insurance and long-term care savings programs.
-
New tax incentives for consumers who buy annuities.
-
Updating the current variable insurance product investment rules, to make it easier for insurers to put ETFs inside the products.
-
Efforts to make qualifying longevity annuity contracts (QLACs) available to more people.
Yellen served as Chair of the Federal Reserve from 2014 to 2018. For the last two years, she has been affiliated with the Brookings Institution.
