TransMedia Group Will Enable Nancy Hite, CFP® Fiduciary to Show Congress It Can Reduce Deficit Without Raising Taxes
PR Newswire
BOCA RATON, Fla., June 30, 2025
BOCA RATON, Fla., June 30, 2025 /PRNewswire/ -- TransMedia Group said it was retained by Certified Financial Planner Nancy Hite to send out news releases explaining how Congress could reduce the spiraling deficit simply by requiring retirement plans to offer a Roth option.
TransMedia Group CEO Tom Madden said its upcoming media campaign for Nancy Hite, CFP®, fiduciary, and author of The Retirement Mirage: Time to Think Differently, will seek to focus legislator's attention on a way to reduce America's ever-increasing deficit without raising taxes.
Our media campaign will illuminate how Americans collectively hold over $39 trillion in retirement assets, including IRAs, 401(k)s, and both defined contribution and benefit plans—but excludes public pension reserves.
"We'll show legislators why Hite advocates that Congress immediately considers requiring all retirement plans to offer a Roth option, thereby allowing individuals to decide to place a portion of their savings in Roth accounts—and by doing so they would be paying taxes voluntarily in advance," said TransMedia President Adrienne Mazzone.
Hite, a CFP®, AIF®, is a nationally recognized financial educator, author and the founder of The Strategic Wealth Advisor® known for simplifying complex financial issues with practical, client-focused solutions, said Mazzone.
"Our publicity will show that the balances in these accounts represent deferred tax obligations that could, in part, be accelerated, if retirees were given the option and incentive to do so.
"If even a small share of new retirement contributions—or existing savings— were shifted voluntarily into Roth accounts, Hite says it could result in upfront tax revenue for the U.S. Treasury, which would dramatically help reduce the deficit."
TransMedia said it plans to publicize why Hite believes how at the same time it would allow future retirees to secure tax-free income on those converted savings resulting in a dual benefit: greater predictability for government cash flow now, and more financial flexibility for retirees later.
"Our PR will underscore Hite's remedy, which is that retirement thinking in the 21st century must evolve beyond last century's model," said Mazzone.
"We plan to highlight Hite's prescription for reducing rising national debt via a voluntary strategy that could generate significant federal revenue—without raising tax rates or rewriting tax code.
"Our PR campaign will show how Congress requiring retirement plans to have a Roth option could dramatically reduce the deficit."
Media Contact: Adrienne Mazzone 561-908-1683 amazzone@transmediagroup.com
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SOURCE TransMedia Group
