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.Last modified on Sunday, 19 May 2013
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Advisors Oppose Proposal to Limit Size of Retirement Accounts
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.