SAN ANTONIO, Texas – Regardless of which political party prevails in next month's midterm elections, Democrats and Republicans alike understand that one sure-fire way to fatten the government's wallet is by cutting retirement tax incentives.
That was one of the big points made Thursday by ERISA attorney Marcia S. Wagner, whose presentation at the Center for Due Diligence conference took on a foreboding air as she ticked off a long list of proposals by lawmakers at the federal and state levels that threaten the private retirement system.
The government's influence on retirement could drive many advisors out the business, she said, warning of the potential for "great disintermediation" in the industry.
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