Obama's Budget would limit amounts allowed in IRA accounts

The budget President Barack Obama will submit on April 10 will contain a proposal that would prohibit individuals from accumulating more than $3 million in Individual Retirement 

Accounts (IRAs) and tax-preferred retirement accounts. According to a White House statement, the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving."

Read the rest HERE.

I guess Obama (Big Brother) feels he knows what's best. Now he wants to tell you how much you can save for retirement. This of course sucks....What the hell does he want us to become?

If you like what you see, please "Like" us on Facebook here.
Please follow us on Twitter here.