April 10, 2013 at 18:07 PM EDT
Experts Object To Obama Retirement Savings Proposals
President Obama's budget proposal released Wednesday includes caps on retirement savings. The plan drew swift criticism from the fund industry, fund families and retirement experts. Paul Schott Stevens, CEO of the Investment Company Institute, an industry group, said the caps "would undermine a key national priority -- helping Americans prepare for a secure retirement." Fidelity Investments said lawmakers should instead look for ways to help people
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