Replies

To: fwdude

>>Who can retire on $5,500 a year savings contributions?<<

The limit is $18,000 with $6,000 catchup ($24K a year for 50+).

Where did you get the idea there was a $5,500 cap?

38 posted on 10/23/2017 7:40:44 AM PDT by freedumb2003 (Every Californian who supported "sanctuary state" has blood and ashes on his/her hands)

To: freedumb2003

My mistake. I was referencing IRA’s.

Regardless, why is that limit so much less than 401(k)’s?

43 posted on 10/23/2017 7:44:13 AM PDT by fwdude (The perverted left-bound train is always accusing the train station of "moving right.")

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