Try this site http://bit.ly/2cXDUeY for more information on Traditional Ira Contribution Limits. For the self-employed especially, these higher limits provide a perfect opportunity to save sufficient money in a retirement account - a goal that is particularly important for those who start their own business relatively late in life. While a traditional IRA would be fine for a worker who began contributing to the account in their twenties or thirties, it would offer little hope to an older worker that they could save enough for their sunset years during the limited working years left to them. Traditional Ira Contribution Limits are set high for just this reason. Follow Us https://traditionaliracontributionlimits.wordpress.com/
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The U.S. Government has its Eye on Retirement Accounts. In 2010 Portugal seized retirement account assets to help plug holes with government deficits and debt. Ireland and France did the same in 2011, as did Poland in 2013. The U.S. government has been watching. Since 2011, Treasury has taken money from government workers’ pension funds on four separate occasions to cover deficits in federal spending. Investing billionaire legend Jim Rogers believes that private accounts will be the next ones the government raids.