IRA ADVICE – ED SLOTT – Recently President Obama released his Fiscal Year 2017 Budget – his final budget proposal as President of the United States. Having seen none of his 14 retirement account-related proposals from last year’s budget enacted, the President has included them all again in this year’s budget. In addition, this year’s budget features one additional significant retirement account-related change.
The President’s budget is really more of an agenda and a political statement than anything else, but it does give us keen insight into what the administration hopes to accomplish. And with President Obama’s administration quickly approaching “the bottom of the ninth,” you can be sure he’s going to swing for the fences before his time in office is up. There are 15 provisions in the President’s budget that directly relate to retirement accounts. Click here to read our examination of these proposals.