Retirement Council, Inc. in Coral Springs: Financial Advisor Joseph Chalom Visits Federal Lawmakers to Fight for More Financial Literacy

CORAL SPRINGS, FL ― We often hear how divided and broken our country is these days. However, what is rarely reported about is the individuals behind the scenes who work to improve the lives of everyday people all across America, including our own back yard in Coral Springs.

Advocating or lobbying our elected officials is a very effective way to shine a light on issues that make a difference.

Nearly every year I journey to Washington. D. C. to participate in my professional association's Congressional Conference. During the conference, hundreds of my fellow National Association of Insurance and Financial Advisor talked with their members of Congress about the importance of life & health insurance, annuities, retirement savings, and senior and consumer protection legislation.

Why does this matter? According to the American Council of Life Insurers, (ACLI) the life insurance industry pays out $16.3 billion each year in life insurance and annuity benefits to Florida families.

During our meetings, it became clear that political discourse can be challenging but there is a great deal of effort being made across the aisle. The issues we focused on directly impact people regardless of their political view. We shared that over 50 million Americans live in a state of financial crisis. We asked each member to join us in our fight to provide financial literacy.

Our contingent met with legislative policy advisors from the offices of Senator Marco Rubio, Senator Rick Scott and Representative Jared Moskowitz. We shared the challenges that many of our clients face like the cost of prescription drugs.

We were advised to expect another round of tax reform, as the Tax Cuts and Jobs act enacted in 2017 is scheduled to expire at the end of 2025. Legislators are drafting proposals for Secure Act 3.0 which may include provisions to simplify Required Minimum Distribution rules. We offered to be a resource as this process moves forward and provide feedback to mitigate unintended consequences of future legislation.**BULLSEYE

Clare Plassche, Legislative Director for Representative Jared Moskowitz, was very appreciative for our visit and highlighted the importance of working together to empower more people with financial literacy.

I'll be happy to discuss further what I learned on my trip with anyone interested in strengthening their financial plan.

The financial stress that many of us felt through the pandemic highlighted the importance of working on your financial health.**STANDARD

Now is the time to act.

Let's work together.

Schedule your complimentary phone, virtual or office meeting with Joseph Chalom, by clicking here, or calling his office at 954-340-1588.**BULLSEYE

Learn more about his practice, Retirement Council, Inc. here: retirementcouncil.com

Representative is registered with and offers only securities and advisory services through PlanMember Securities Corporation, a registered broker/dealer, investment advisor and member FINRA / SIPC. 6187 Carpinteria Ave, Carpinteria, CA. 93013, (800) 874-6910. Retirement Council, Inc. and PlanMember Securities Corporation are independently owned and operated. CA Insurance License 0H65782

Investors should consider the investment objectives of the variable annuity carefully before investing. An investment in a variable annuity involves investment risk, including possible loss of principal. Variable annuities are designed for long-term investing. The contract, when redeemed, may be worth more or less than the total amount invested. Variable annuities are subject to insurance related charges including mortality and expense charges, administrative fees, and the expenses associated with the underlying funds. Both variable and fixed annuities that take withdrawals prior to age 59 ½ may result in a 10% IRS tax penalty, in addition to any ordinary income tax. With both variable and fixed annuities the guarantee of the annuity is backed by the financial strength of the underlying insurance company. With variable annuities, the investment sub-account value will fluctuate with changes in market conditions. The prospectus contains this and other information about the variable annuity. Call 800-874-6910 to obtain a prospectus, which should be read carefully before investing or sending money. Fixed indexed annuities are insurance contracts and do not directly participate in any stock, bond or equity investments. You are not buying any shares of stocks, bonds or shares of an index. The market index value does not include the dividends paid on the underlying market index. These dividends are also not reflected in any indexed interest that may be credited to your contract. Such contracts have substantial variation in terms, costs of guarantees and features and may cap participation or returns in significant ways. Investors are cautioned to carefully review a fixed index annuity for its features, costs, and risk and how the variables are calculated. The tax-deferred feature of an annuity should not be a factor in purchasing an annuity in a tax-qualified plan. Tax deferral is provided by the plan and the tax-deferral of the annuity does not provide any additional benefit. Annuities are subject to additional fees and expenses to which other tax-qualified funding vehicles may not be subject. Individuals should only purchase an annuity in a qualified plan when its other benefits, such as lifetime income payments, family protection through death benefits, and/or guaranteed fees meet their current needs."