In 1974 Congress started to allow individuals to open retirement savings accounts (or IRAs, for short).  The original purpose of an IRA was to give individuals who were not covered by a work-related retirement plan the ability to save for retirement on a tax-deferred basis.  At that time, individuals were able to contribute up to

That’s not our idea, but one pushed by a recent article in the Washington Post.  However, the article raises legitimate issues that everyone can agree on such as lack of access to retirement savings vehicles at work as well as the inadequacy of savings rates.  Here’s the article:  http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/20/how-to-get-people-saving-in-america-again-obamacare-for-retirement-accounts/ Many well-meaning people are trying to