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Reply to "Do you make $400,000 a year but feel broke?"
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[quote=Anonymous][quote=Anonymous]I think that's what's wrong with this society. So many people see maxing out 401 and 529 as luxuries and not necessities! Heck, I don't think maxing out 401k is enough at 17.5k a year. [/quote] Good point - in a system where pension plans no longer exist for the vast majority of people, your savings rates are absolutely necessary. People who think maxing out your 401k is a luxury are in for a rude awakening in retirement (which will often culminate in them needing government assistance if they live long enough to see a nursing home or have medical problems).[/quote]
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