A New Penalty for Playing by the Rules

Taxpayers who save and invest may soon be punished for doing the right thing and investing successfully. In President Barack Obama’s budget proposal, he wants to limit an individual’s total balance in tax-favored retirement accounts to $3 million for someone retiring in 2013. The president feels the need to “define for everyone what is ‘needed’ [...] View the full post at: A New Penalty for Playing by the Rules Related posts: Senate Republicans and the Stimulus: Playing Politics When the Economy Burns Japanese, Russians Playing Games with Bonds and Reserve Currencies Fed Agencies on New Registration Rules for Mortgage Loan Originators