Obama budget: the plan to cap retirement savings benefits

... up to $17,500 on their own) and a worker without a retirement plan can generally contribute $5,500 annually to an IRA. Limits are higher for workers over age 50, and contributions can be made regardless of an account's balance. The president's plan ...

http://www.csmonitor.com/Business/Tax-VOX/2013/0412/Obama-budget-the-plan-to-cap-retirement-savings-benefits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+feeds%2Fcsm+%28Christian+Science+Monitor+%7C+All+Stories%29