In response to:

Obama’s Success: The Poor Get Poorer, And The Rich Get Poorer

dmc1964 Wrote: Apr 11, 2013 9:39 AM
Roth IRAs tax contributions at regular income tax rates up front, and grow tax free. The only Traditional IRA I have is a rollover for 401ks when I have to change jobs. A Roth also lets you get your contributions (but not earnings) after 5 years without penalty. Definitely a better deal.
javapoppa Wrote: Apr 11, 2013 6:36 PM
Only if you trust the government not to come along and steal your retirement funds ala Argentina.
Kali_Fred Wrote: Apr 11, 2013 11:03 AM
If you don't mind paying full taxes (at income levels) going in...

President Barack Obama wants your money now. Like, right now.

Talking Points Memo has the details … breathlessly:

“A new provision in Obama’s budget ‘[e]nds a loophole that lets wealthy individuals circumvent contribution limits and [ac]cumulate millions in tax-preferred retirement accounts,’” Talking Points Memo wrote, quoting a budget summary released by the White House, which will reveal its new budget Wednesday.

I can’t wait!

OK, so basically, the guy chronically incapable of self-restraint when it comes to federal spending is going after people who save money for retirement by imposing a caps on IRAs. His argument...