Published: October 7, 2021 at 12:18 EDT
ST. LOUIS, October 7, 2021 / PRNewswire / – For the 36th once the financial services firm Edward Jones’ Grassroots Legislative Task Force met with U.S. lawmakers on October 5th and 6 from Washington DC, to discuss a range of investment-related issues on the minds of individual investors with lawmakers, particularly advances to the bipartisan law on retirement savings to help more Americans save for a safe and dignified retirement.
While it usually met in the U.S. capital, this year’s “fly-in” was practically held. The theme for this year’s virtual meetings was “Living our Purpose”.
The Grassroots Task Force, a group of financial advisors from all 50 states, remains the securities industry’s only voluntary law firm traveling to Washington DC each year to talk about issues of importance to the individual investor. The group is dedicated to being the voice of individual investors vis-à-vis local, state and national legislators.
“The Grassroots Task Force is a great example of living our purpose – it’s working together for a positive impact to improve the lives of our clients and colleagues and together better our community and community,” he said. Jesse Hill, Edward Jones Superintendent, Government and Regulatory Relations. “With branch offices in 422 of the 435 congressional districts, we are uniquely positioned to advocate for issues that are important to individual investors and share how policies have a ‘real-world’ impact.”
According to research conducted by Edward Jones with Age Wave and Harris Poll, by the end of 2020, 22 million Americans stopped making monthly retirement contributions. For the past two years, the Grassroots Task Force has been focused on advocating for two-party retirement savings by hosting virtual roundtable sessions across the country to build momentum for bills that will help millions of Americans save for a safe and dignified retirement .
The group’s current priorities include:
- Establishment of a new collection contribution to help workers aged 60 and over who have not been able to save sufficiently for retirement.
- Increasing the required minimum distribution age from 72 to 75 to help more workers who work and live longer save longer.
- Improving small business tax deductions that enable many small businesses across the country to provide retirement benefits to their employees.
- Giving employers permission to make matching contributions in terms of student loan repayments that help employees who are burdened with large student loans to start saving for retirement.
- Launch of the Military Spouses Act, which helps address the unique challenges military spouses face in saving for retirement by providing tax deductions to small businesses to more quickly get military spouses eligible for retirement benefits.
“Our research on the devastating impact the pandemic has had on retirement savings really reinforces the need to create additional opportunities for people to save,” Hill said. “We are passionate about improving the opportunities for individual investors and want to ensure that their concerns are heard on Capitol Hill – even in this virtual environment.”
About Edward Jones
Edward Jones, a FORTUNE 500 company headquartered in St. Louis, provides financial services in the United States and through its subsidiary in Canada. Every aspect of the company’s business, from the investments its financial advisors offer to the location of branch offices, caters to individual investors. The firm’s nearly 19,000 financial advisors serve more than 7 million clients with a total of $ 1.7 trillion in assets under care. The Edward Jones website is www.edwardjones.com and its recruitment website is www.careers.edwardjones.com. Member of SIPC.
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