NAIFA - Louisville Metro

How Medicare, Medicaid cuts could affect older adults Cuts to Medicare and Medicaid pose significant risks to older Americans, according to Dwayne Clark of Aegis Living, with proposed reductions threatening to close facilities, reduce caregiver availability and leave vulnerable adults with fewer options. Clark notes that many older middle-class America...

NAIFA urges fair agent compensation for Medicare guidance NAIFA President Doug Massey has sent a letter to the House Ways and Means Committee's Subcommittee on Health and Subcommittee on Oversight urging Congress to prot...

NAIFA's Mayeux urges focus on private-sector retirement solutions A growing number of states is looking to improve access to retirement plans by creating automatic retirement programs for private-sector employees. While the programs are well-intentioned, NAIFA CEO Kevin Mayeux says "empowering private-sector solutions, not replacing them with state-run programs, i...

Senate GOP backs $40K SALT cap with lower income limit Senate Republicans are prepared to accept a $40,000 cap on state and local tax deductions, aligning with the demands of House Republicans from high-tax states. However, they are pushing for a lower income threshold than the House-passed bill, which currently phases out the deduction for incomes abov...

Making a plan to address Medicare IRMAA surcharges Higher-income clients should be aware of the impact of the income-related monthly adjustment amount, as well as potential strategies to mitigate its effect. "Tax preparers and taxpayers who regularly do planning and reviews should discuss options to either adjust withdrawals or shift income to anoth...

Advisors have huge lead when it comes to AI Registered investment advisors are embracing artificial intelligence at a significantly higher rate than banks and trust companies, according to F2 Strategy. Advisors are leveraging AI for tasks like document review and meeting transcription.

Advisors upbeat on equities despite client caution Two-thirds of US financial advisors expect the S&P 500 to rise at least 10% by the end of 2025, according to a survey by InspereX, although advisors report clients have become more risk-averse. Advisors view volatile markets as an opportunity to demonstrate value, and many are increasing the use of....

Legislation would set up task force for older investors The Senior Security Act, which would set up a task force for older investors at the Securities and Exchange Commission, passed the House Financial Services Committee late last month. The task force would be appointed by the chair of the SEC and would "identify challenges that senior investors encoun...

Supreme Court decision reinforces FINRA's authority The Supreme Court has allowed the Financial Industry Regulatory Authority to continue disciplinary proceedings in Alpine Securities Corp. v. FINRA, dismissing an appeal from the firm that sought to halt proceedings until the Securities and Exchange Commission intervenes. This decision is a significa...

IRS ruling clarifies treatment of inherited annuities The IRS has issued a rare private letter ruling on individual retirement annuities, the first since 2002. The ruling allows a taxpayer to transfer annuity assets from a deceased spouse's estate to their own individual retirement arrangement without incurring income tax, treating the annuity similarl...