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

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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]

Why does it have to be tax advantaged? Just save in a regular brokerage account. If you really have to ability to save this much for retirement, you probably don't need MORE tax advantages. [/quote]

Its indexed to inflation but agree that the number is too small.  What is wrong with giving more incentive to save, even if only a small portion can benefit.  I would argue that you are rewarding people for saving - the same people who will, over the course of time, be picking up a larger share of their own tab for healthcare, will likely lose some SS benefits that they have paid into for their whole lives and will continue to pay taxes at a higher rate, even in retirement.

Allowing people to save $25K or $30K pretax wouldn't even move the needle on the deficit.
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