If you read my posts, I am not too happy with the proposals in the 2016 budget our President has put forth. I do not feel that anyone, at any level should be told to stop saving. If you have the ability to save – you should. If you live within your means, you will be able to leave a financial legacy for your family. The last proposal I will write about is capping retirement savings. Currently there are not limits as to how much may be accumulated in retirement accounts. The 2106 budget proposes a limit of account, through growth of value &/or contribution of $3.4 million. Yes, this is a huge limit; most of us will never see our accounts grow that large. The idea of a limit is what bothers me. If you open that door, how far down will that limit go?

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