"[T]he Obama budget document ... will include a new proposal to limit the total amount an individual can put aside in tax deferred retirement savings like 401Ks and IRAs to an amount sufficient to generate an annual income in the golden years of less than $250,000 per year. Why do it? According to a senior administration official ... wealthy taxpayers can currently 'accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.' Who says?"  MORE >>