Obama’s budget calls for big changes to 401(k)s, IRAs
September 30, 2013 by Paula Aven Gladych
Set aside for a moment the fight in Washington, D.C., over stopgap spending legislation. In his budget blueprint for 2014, President Obama has proposed a number of tax and other reforms that would mean big changes in how retirement is financed.
What Congress does over the next couple of days could either avoid or trigger a government shutdown. Either way, at some point after the crisis is resolved, the House and Senate are likely take up the following proposals, all of which would have lasting effects on anyone saving for retirement.
Originally Posted at LifeHealthPro on September 30th, 2013 by Paula Aven Gladych.
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