In the opening volley of this traditional Washington ping pong match, the president purposely serves a first volley he knows will be slammed right back. Why? We'll leave the answer to the political pundits. Here's the reality as it impacts retirement advisers and retirement savers:
First, never pay attention to the government until legislation is actually drafted (but not yet passed). Then you know what deals have been made (or are more likely to be made). There's also a definitive line in the sand drawn, so you'll know whether to worry (and fight, if that's what you do) or get excited (and promote it, if that's what you do).
Right now, and until Congress begins to makes its moves, you simply don't know what's going to happen.
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
