What obama's budget could mean for your retirement
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President Barack Obama Gary Cameron | Reuters President Barack Obama took a lot of flak for his proposal to cap lifetime retirement account contributions. But there are several other
provisions buried deep within his proposed 2016 budget that could affect your plans for retirement—in good ways and bad. "Retirement planning is like trying to hit a moving target.
Factors and assumptions are always changing," said Jon Teran, a certified financial planner at Capstone Pacific Investment Strategies Inc., in Covina, California. "It looks like
the target may be getting ready to move again." There's no guarantee, of course, that any of these provisions will go into effect, though some stand a better chance than others.
But there are steps you can take now so you're not caught off guard if they do. Here are some that could have the biggest impact on retirement and estate planning, how likely they are
to pass, and what you can do to prepare. (Click on each link for more information.) The end of "back-door" Roth IRA conversions Required minimum distributions for Roth IRAs Say
goodbye to the "stretch" IRA No more tax break for net unrealized appreciation More access to retirement options for workers Annuities may soon become more portable