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401K

Some financial advisors, including Hugh Anderson of advisory firm HighTower in Las Vegas, are opposed to President Obama’s proposal to limit IRAs and 401(k) accounts to $3 million.

So reports Financial Advisor Magazine. Anderson and other advisors say the proposal will result in individuals savings less for retirement and could open the door for the federal government to tax smaller size accounts.

Read the full article from Financial Advisor Magazine here.

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Last modified on Sunday, 19 May 2013
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