Limit may be lowered on 401(k) contributions

6 votes

Posted By: Will Barnard, over 2 years ago (Report Spam)
Category: Industry Insider News / Type: News
Source: msnbc.msn.com

You've heard it over and over again: Contribute up to the maximum amount in your 401(k) plan to improve your chances of a comfortable retirement. But that maximum could change.

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At 11:27AM on September 20, 2009 - Will Barnard said...

Josh, are you saying you don't want a benefit for retirement savings? If so, you are in the minority! If you invest in a traditional IRA, you get tax deferred growth, you still pay taxes upon withdrawls. If you invest in a ROTH IRA, you invest with already tax dollars. either way, you pay, so why should there be a limit on how much you invest each year?! My thoughts are this, for those of us wise enough to invest for our retirements in programs like IRAs and 401ks, we should have the ability to do so without maximums.

At 03:27AM on September 19, 2009 - Loc R. said...

These people get paid to make these decisions?!?!

At 03:04AM on September 19, 2009 - Joshua Dorkin said...

Why should we be able to benefit from saving our own money, Will. That would just be silly!

At 06:35PM on September 18, 2009 - Will Barnard said...

Jsut what we need, lower limits. Why even have limits, let us save as much as we want!

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Limit may be lowered on 401(k) contributions

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