Bill introduced to simplify retirement

Congressman Darin LaHood (IL-16) introduced the Retirement Simplification and Clarity Act, alongside his Ways and Means colleague Congressman Jimmy Panetta (CA-19). This legislation works to remove barriers and provide individuals with clearer guidance and more flexibility while planning for retirement.

"Hardworking Americans planning for retirement shouldn’t have to face extraneous complications that create uncertainty about their financial future,"  said Rep. LaHood.  "Providing more flexibility and a better guidance during the process will help ensure Americans can properly prepare for retirement and feel confident in their decisions.  I am proud to lead this bipartisan effort with Representative Panetta to help eliminate needless hurdles and reduce the confusion surrounding retirement.” 

“Navigating the various processes of saving for retirement can get very complicated, very fast,” said Rep. Panetta. “This bipartisan bill helps Americans plan for retirement by making the process simpler and giving them more flexibility. By helping Americans make informed decisions about their savings, we can strengthen their financial security for retirement and the years ahead.”

“The National Association of Insurance and Financial Advisers (NAIFA) is pleased to endorse the Retirement Simplification and Clarity Act, introduced by Rep. Panetta (D-CA) and Rep. LaHood (R-IL)” announced NAIFA CEO Kevin M. Mayeux.