Edward Jones’ Grassroots Legislative Job Pressure Meets with Legislators in Washington, D.C.

Group Advocates for Safe Retirement and Higher Monetary Resilience on Behalf of 8 Million Particular person Buyers and Youth

ST. LOUIS, July 25, 2022 /PRNewswire/ — For the 37th time, monetary providers agency Edward Jones’ Grassroots Legislative Job Pressure is about to satisfy with US legislators on July 26-28 in Washington, D.C., to debate and advocate for points on the minds of particular person buyers and enterprise house owners. The theme for this 12 months’s assembly is “Activating our Objective,” the place Edward Jones’ monetary advisors and department workplace directors will advocate for bipartisan retirement financial savings laws to assist extra Individuals save for a safe and dignified retirement and promote higher monetary training and wellness.     

“Now in our centennial 12 months, we serve 8 million purchasers in 3,000 communities in a human-centered manner and our practically 19,000 monetary advisors have a novel perspective on how the wants of particular person buyers are altering in unprecedented methods – what they want, what they worth, and what it’ll take to assist them obtain monetary well being and well-being,” stated Lamell McMorris, Edward Jones Principal, Head of Coverage, Regulatory and Authorities Relations. “Our alternative is to succeed in 40 million households in North America and our dedication is to develop the affect we’re capable of make. It is deeply linked to our function which is to accomplice for optimistic affect, to enhance the lives of our purchasers and colleagues, and collectively, higher our communities and society.”

The Grassroots Legislative Job Pressure, a bunch of economic advisors and department workplace directors from all 50 states, stays the securities trade’s solely volunteer advocacy group that travels to Washington, D.C., every year to talk out on problems with significance to the person investor. The group is devoted to being the voice of particular person buyers to federal and state lawmakers.

Members of the Grassroots Legislative Job Pressure will hear from quite a lot of audio system together with Ken Dychtwald, Founder and CEO of Age Wave, and Lauren Bernstein, EVERFI Government Vice President and Head of Account Administration, two of the agency’s strategic alliances on the matters of longevity and the brand new retirement and the significance of economic training and empowerment applications, respectively.  

“As we glance to our subsequent 100 years, we’re reworking to realize our function, develop our affect and assist allow each consumer, colleague and neighborhood we serve to realize what’s most vital to them,” stated McMorris. “We’re hyper-local and are in additional communities than anybody in our trade with department places of work in 97% of Congressional districts. This uniquely positions us to advocate for the problems which are most vital to particular person buyers and companies and share how insurance policies can have ‘actual world’ impacts by way of enhancing individuals’s lives.”

In accordance with new analysis Edward Jones carried out with Age Wave and Harris Ballot, Individuals are altering the definition of retirement, and 69% say they need to dwell to age 100. Over the previous few years, the Grassroots Legislative Job Pressure has targeted on constructing momentum for payments that may strengthen tens of millions of Individuals’ retirements, and this 12 months, there may be an added layer of give attention to enhancing monetary training and confidence.

In the course of the assembly, McMorris will define the group’s present legislative priorities, together with:  

  • Establishing a brand new catch-up contribution to assist staff 60 and older who haven’t been capable of save sufficiently for retirement.
  • Rising the required minimal distribution age from 72 to 75 to assist extra staff who’re working and dwelling longer to avoid wasting longer.
  • Enhancing the small enterprise start-up tax credit score, which can allow many small companies throughout the nation to supply retirement advantages to their staff.
  • Allowing employers to make matching contributions with respect to scholar mortgage repayments that may assist staff burdened with giant scholar mortgage debt to begin saving for retirement.
  • Launching The Army Spouses Retirement Safety Act, which helps deal with the distinctive challenges navy spouses face in saving for retirement by offering a tax credit score of as much as $500 to small companies to make navy spouses eligible extra rapidly for retirement advantages.

“We all know that suggested people have extra confidence and have a minimal of 25% extra property than non-advised people.* Due to this fact, we need to speak in regards to the worth our monetary advisors and our trade present to purchasers,” McMorris added. “After we can present monetary data to younger individuals, we all know they make smarter monetary choices and are extra ready to enter maturity feeling extra assured about their monetary future.”

Along with this 12 months’s assembly, members of the Edward Jones Grassroots Legislative Job Pressure have been assembly with federal elected officers and workers to debate the advantages of economic training to construct a secure monetary future for extra Individuals and youth.

In 2020, Edward Jones launched its Monetary Health training curriculum at the side of EVERFI, which helps highschool and school college students perceive how cash works, create good monetary habits and finally, construct monetary resilience to extend monetary safety and freedom sooner or later.

“There are methods we will construct new pathways to financial equality and alternative, starting with entry to recommendation and providers to strengthen people’ monetary futures. McMorris stated. “We are able to begin by investing in our youth. Youth training and growth are key to reversing any tendencies which have negatively impacted communities for generations and nonetheless do at the moment.”

About Edward Jones

Edward Jones, a Fortune 500 agency, offers monetary providers within the U.S. and thru its affiliate in Canada. The agency’s practically 19,000 monetary advisors serve greater than 8 million purchasers with a complete of $1.7 trillion in consumer property underneath care. Edward Jones’ function is to accomplice for optimistic affect to enhance the lives of its purchasers and colleagues, and collectively, higher our communities and society. By means of the dedication of the agency’s 50,000 associates and our department presence in 68 % of U.S. counties, the agency is dedicated to serving to extra individuals obtain financially what’s most vital to them. The Edward Jones web site is at www.edwardjones.com, and its recruiting Web page is www.careers.edwardjones.com. Member SIPC.

*(Supply: Oliver Wyman/Marsh & McLennan: “The Function of Monetary Advisors within the U.S. Retirement Market”) 

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Edward Jones’ Grassroots Legislative Job Pressure Meets with Legislators in Washington, D.C.