Simplification tops the list but it's not the only thing advisers want changed in the tax code. <i>(Check out these <a href="//www.investmentnews.com/gallery/20150214/FREE/213009999/PH"" target=""_blank"" rel="noopener noreferrer">6 strange tax loopholes</a>)</i>
After winning his party's primary for a House seat, French Hill contemplates next move.
House measure would forbid Labor Department from spending any funds to finalize or implement the rule.
Plan would cut almost all tax deductions, but also would eliminate taxes on estates and capital gains, dividends.
By withdrawing the retirement money early, the politician will have to pay a 10% penalty as well as regular income taxes.
Though most say it is never a good idea to take early distributions, the presidential hopeful should be in a better position than most to recover.
With pension closed, options include lump-sum distribution, annuity, 401(k) or IRA.
The brokerage industry's lobbying spending dwarfed advisers' in the first quarter, with the DOL fiduciary rule a primary focus.
GOP senators, including those with oversight of the agency, are among three dozen co-signers of a letter to Labor Secretary Thomas Perez seeking more time to comment.
Two others advisers are admonished
