Reply to Not fully funding 401k? Why not?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is it really that inconceivable that not everyone's budgets allow them to max out their 401k every year?[/quote]

I think a better question would have been to direct that at high income people. Obviously someone making 100k or less might not be able to contribute max, but what baffles me is upper income people making 150k+ not contributing the full amount,  or even worse those in the 250k range. [/quote]

I don’t know why you would be baffled when you don’t know what people’s expenses are.  We have two kids in private school, which eats up $50K plus a year.  No, public school is not an option.  We have a second home I inherited that we are trying to sell because it’s too expensive to maintain with tuition costs and having to pay for college for twins in a few years.  So, you are really ignorant and uninformed.[/quote]

So, the family paying 50K/year for private school and not saving for retirement is calling someone else ignorant and uninformed?  There are lots of good reasons why many people cannot maximize retirement savings but this one is laughable.  You got yourself into the situation where you cannot use public schools.  [b]Your response should have been “poor decision making”.[/b][/quote]

+1. LOL. I know right? [/quote]

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