Volconvo Debate Forums - View Single Post - should IRA contribution limits be increased?

Mia · Oct 8, 2006, 04:41 pm

I'm with you on this. We have SS for people who won't or can't save for retirement. Why not give more incentives TO save, that would be cheaper.

I'm for higher limits and bigger breaks to save.

Do you not have a 401K? They did raise the max on that.

There is a new-ish one for people who run their own business or are contract labor that can put away 50%.

Oct 8, 2006, 04:41 pm	#2 (permalink) (top)
Mia Retired Posts: 7,312	I'm with you on this. We have SS for people who won't or can't save for retirement. Why not give more incentives TO save, that would be cheaper. I'm for higher limits and bigger breaks to save. Do you not have a 401K? They did raise the max on that. There is a new-ish one for people who run their own business or are contract labor that can put away 50%. "...with like-minded people one cannot discuss. With like-minded people one can only participate in a church service, and you know how I feel about church services." Ayaan Hirsi Ali