President Obama Wants to Cap Roth IRAs

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President Obama Wants to Cap Roth IRAs
Here's something you don't hear everyday: The White House wants to cap the maximum amount of money an individual can have in a Roth IRA, Traditional IRA, or other IRA because a handful of investors across the country have done so well, they've amassed millions of dollars within these accounts.
Will the White House Get Its Way and Cap Roth IRA Balances?
President Obama has asked Congress to put a maximum account balance on Roth IRAs and Traditional IRAs, which could impact your retirement planning.
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You Still Have Time to Fund a Tax Year 2014 Roth IRA!
You still have time to fund a Roth IRA for tax year2014!  Hurry before the deadline approaches in April of 2015 or you'll lose your chance forever.  Here are the rules, limits, and restrictions to help you find out if you are eligible.
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Opening a Roth IRA for Your Kids
If you want your kids to start out light years ahead in the retirement investing race, you can pay them a salary and use that earned income to fund a Roth IRA.  Here are some of the details you might want to consider.  It might seem like a hassle but the results are well worth the effort in many cases; your child may reach their mid-twenties with a six-figure portfolio of assets generating dividends, interest, and rents completely tax-free!
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Reasons the Roth IRA Is the Perfect Tax Shelter
Nothing in this world comes as close to being financially perfect as a Roth IRA.  Here are the incredible advantages this account offers and the reasons you should add one to your portfolio if you haven't already.
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