mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
As I have long expected, the feds are getting itchy about all of that money that you have stashed in your IRA.
http://www.financial-planning.com/n...T=financialplanning:e3371342:47538a:&st=emailIn 2014, the federal government will forgo an estimated $17.45 billion in tax revenue from IRAs, which Congress created to ensure equitable tax treatment for those not covered by employer-sponsored retirement plans. Congress limited annual contributions to IRAs to prevent the tax-favored accumulation of unduly large balances, the GAO noted. But concerns have been raised about whether the tax incentives encourage new or additional saving. Congress is re-examining retirement tax incentives as part of tax reform. The GAO was asked to measure IRA balances and assess IRS enforcement of IRA laws.