Reply to Why is the Annual Retirement Contribution Still Maxed at $18.5k?

Forum Index » Money and Finances

Reply to "Why is the Annual Retirement Contribution Still Maxed at $18.5k?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

HSAs are available to anyone who gets an HSA qualified health care plan. I'm not sure if they are available in every state but they are in most states.

If you are already taking advantage of all the tax advantaged options available to you and still want to save significant amounts you might want to consult a financial adviser. Ours has helped manage our portfolio in a tax advantaged way, including matching capital gains with losses, and using a donor advised charitable fund for assets with significant capital gains.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics