 will the government grab 401ks iras  from a white house statement released in advance to politicocom pesident obama s 2014 budget will target personal retirement accounts it will include a new proposal that prohibits individuals from accumulating over 3 million in iras and other taxpreferred retirement accounts under current rules some wealthy individuals are able to accumulate many millions of dollars in these accounts substantially more than is needed to fund reasonable levels of retirement saving the budget would limit an individual rsquo s total balance across taxpreferred accounts to an amount sufficient to finance an annuity of not more than 205000 per year in retirement or about 3 million in 2013 this proposal would raise 9 billion over 10 years to read the rest of the article click on the following link  http financetownhallcom columnists bobbeauprez 20130410 obamasbudgettargetsirasavingsn1562985 page full  19  will the government grab 401ks iras  