Obama’s budget proposal contains several items that would impact how some people save for retirement. Among them: changes to the tax implications of Roth conversions and a cap on new contributions to 401(k)s and IRAs.
The video, above, explains these provisions and others.
Video credit: CNBC
Photo credit: “Capitol-dome” by EFF – Own work. Licensed under CC BY 3.0 via Wikimedia Commons – http://commons.wikimedia.org/wiki/File:Capitol-dome.png#mediaviewer/File:Capitol-dome.png
