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Reply to "Why is the Annual Retirement Contribution Still Maxed at $18.5k?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It went up $500 this year. It's gone up dramatically since I started contributing. I think the limit was $2500 when I first started working (which was a huge percentage of my income at the time!) Anyway, your saving is not limited to 401ks. There are other tax advantaged options, and of course you can just save money.[/quote] What other tax advataged option other than $5500 in an IRA?[/quote] HSA - $7750 annually for a family. We just contribute and invest it. I also do the over 50 catch up which is $6000. Plus I am able to do a profit share contribution of around $36k but that's not as commonly available.[/quote] None of those things are available to most people. [/quote]
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