Video: Obama’s Budget to Raise $9B
President Obama Budget to Raise $9B With IRA Cap
Be on the lookout for more tinkering with the IRA and 401(k) contribution limits that are in place today by the Obama administration. I expect a new Government Guaranteed Retirement Account (GRA) to be introduced before long that will “protect” your savings by limiting your investment choices to only owning Government issued debt. Many seeking safety will fall for this offer, while employers will be required to offer these plans to all workers.
This cap on retirement accounts is a direct attack on those who wish to aggressively save for their retirement or leave a legacy for their family. I urge you to learn more about self directed IRA and Individual 401k plans, which allows tax free or tax deferred savings to help you reach your retirement goals. Request your free consultation today!
