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][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 for most all health plans, employers love them. Not sure what you are talking about and EVERYONE can do the catch up when then turn 50.

For a 2 income family, 37K + employer match, plus 11,000 in IRA, plus HSA if you choose is a very large amount to be socking away in retirement. If you are so well off you can manage this, then you surely are putting your money in the market and will be taxed at the long term gains rate when you withdraw.

What more do you need?

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