CFP Board Submits Letter to Congress on Modernizing Retirement Policy

On January 7, 2026, CFP Board submitted a letter ahead of the House Education and Workforce Committee’s Health, Employment, Labor, and Pensions Subcommittee hearing, “Modernizing Retirement Policy for Today’s Workforce.” In it, CFP Board highlights its commitment to improving retirement security and the role CFP® professionals play in helping Americans plan for and thrive in retirement.

“We also urge Congress to work to expand consumers’ access to financial advice, including financial planning, through targeted tax incentives, such as an above-the-line tax deduction or tax credit,” said Erin Koeppel, CFP Board’s Managing Director of Government Relations and Public Policy Counsel. “While retirees with substantial savings may engage professionals like financial planners, middle-class and lower-income retirees often do not, and would benefit from these services and protections.”

CFP Board also emphasized the need to expand access to employer-sponsored retirement plans and focus on the “spend-down” phase of retirement.

To read CFP Board’s letter for the record, please click here.