Professionals within the insurance industry have long looked to Hauser Insurance Group of Cincinnati, Ohio, as a retirement planning leader. Hauser maintains its leadership role due to its innovative retirement solutions for both large and small employers across many diverse industries. The retirement planning specialists at Hauser Insurance Group work closely with clients to provide these businesses with maximum financial benefit as they help to fund retirement savings accounts for employees.
Hauser Insurance Group chose Christa Kreinest, Managing Director of Retirement Plan Solutions, to represent the company at the NAPA virtual event on July 27 and 28. Kreinest was just one of several top retirement plan advisors to attend the event.
Members of the United States Senate and House of Representatives also participated in the annual event for retirement planners. Their presence made it possible for Hauser Insurance Group and other insurance companies to advocate for policy changes directly. Members of the Department of Labor also attended the event.
Several conference attendees, including Kreinest, had the opportunity to discuss issues important to the retirement planning industry with senators, representatives, and their staff members. One political action committee (PAC) called the American Retirement Association (ARA) had the opportunity for several of its members to speak one-on-one with Senator Ron Wyden, a Democrat from Oregon.
Speaking to Wyden was instrumental because he chairs the Senate Finance Committee that has direct oversight of issues relevant to retirement planning. Senator Rob Portman, a Republican senator from Ohio, also spoke at the event. Portman authored the Pension Protection Act and is a well-known Congressional retirement planning leader.
Staff from the Capitol Hill Sub-Committee discussed potential ad-on bills under consideration, such as the Saver’s Match, Automatic Retirement Plan Act, and Secure 2.0. Other members from the Senate Finance Committee, Department of Labor, and Internal Revenue Service also spoke.
As the sole staff person representing Hauser Insurance Group, Christa Kreinest brought a lot of valuable information back to the office after the two-day virtual seminar. One thing especially emphasized during the seminar was that small business owners cannot afford to put off retirement planning for their employees. Many make the common mistake of thinking that only larger companies have the time or resources to make such an investment.
Businesses that do not establish employee retirement savings accounts can leave thousands of dollars in tax credits on the table. That is because the IRS allows business owners to deduct their portion of retirement benefits directly from business income. Employees also lose out on building their retirement savings on a tax-free basis because nearly all types of accounts defer taxes until the employee begins withdrawing retirement funds.
Hauser Insurance Group, which celebrates its 50th anniversary in 2021, also assists clients with long-term insurance needs.