The Obama administration’s Fiscal Year 2016 budget proposals continue to target highly compensated employees and professionals by placing further restrictions on the maximum amount of benefits that can be provided undertax qualified savings and retirement plans. In addition, the proposals, if enacted, would limit the ability of a high net worth individual to transfer wealth to future generations using certain retirement vehicles.
This is Part 2 of a comprehensive analysis put together by AALU. The update is Copyrighted by the AALU and they reserve all rights to this material.