By now, you’ve probably become quite familiar with the term “Brexit”. This is the shorthand way of referring to the UK leaving the economic and political partnership known as the European Union. While the vote that took place on Thursday, June 23, 2016, will have many far reaching consequences, the effect on the financial markets is definitely worth strong consideration on the part of investors. Here, we explain what we know now, our observations and what this could potentially mean for you moving forward. 

One of our advisors, Alex Assaley was honored to be invited to the first NAPA DC Fly-In Forum held on Capitol Hill last week. Hundreds of advisors flocked to DC to meet with policymakers and discuss the critical role of employer-retirement plans in helping American workers save for retirement. It's not every day that plan advisors are invited to contribute to the legislative process so this was truly a unique experience. There is a small, but vocal group of academic professors and legislators who wonder if the current 401(k) retirement plan system is "broken." Others opine for a government-run program akin to social security. There is also the larger Tax Reform debate which puts the tax incentives currently in place for qualified retirement plans in focus (and maybe on the chopping block). The Forum allowed retirement advisors, who are working each day to help workers save for their future, discuss these and other issues with leading Senators, Congressional leaders, and their staff.