President Obama’s 2016 Budget Targets Retirement Accounts
8th February 2015
This year’s version of the budget included a number of provisions targeting retirement accounts. That was no surprise, as provisions aimed at retirement accounts have been a regular feature in budgets in recent years. What was a surprise, however, is how many proposals were targeting retirement accounts, and how many new proposals there were. All told, this year’s budget featured over a dozen provisions that, if they were to become law, could directly impact your retirement savings.
Retirement accounts are one of the last great pools of money that the government hasn’t yet drained. Obviously, leeches like Obama want to sink their teeth into them.