Obama: Limit retirement tax breaks for the rich

... would apply. If an account drops below the limit, contributions could continue. "It will be tough to implement," said IRA specialist Ed Slott. "You could be over [the limit] and couldn't contribute anymore but then go under and would have lost all ...

http://www.koat.com/news/project-economy/Obama-Limit-retirement-tax-breaks-for-the-rich/-/9153566/19688880/-/xmjvlvz/-/index.html