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Author: dblaisd Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75523  
Subject: $2000 limit for IRAs Date: 12/18/1999 11:35 AM
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My first order of business is to apologize for any misspellings in this post and to ask your forgivness if this question has already been asked.

I am normally able to find out information fairly well, but this particular topic has been kind of a tough one. Most everyone knows that there is a $2000 contrib. limit for IRAs, but my query is why has it remained $2000 for so long. It has been $2000 for as long as I can remember. While trying to 'plan' for the future and only being able to put away a limited amount each year into an IRA it seems kind of unfair. It may be nice to be able to put away a bit more if we are really wanting to be prepared for retirement. Even if the amount is not going to be unlimited, at least the gov. could raise the amount allowed to contribute as the other areas get raised to allow for higher costs.

Sorry, I started babbling. Back to the reason for this post:

Why has the IRA contribution limit remained at $2000 for so long?


Thanks in advance for any help offered.

Spiritpalms

p.s. If anyone out there has a search string that I could have found this answer in the archives, I would like to know what it would be since "IRA" and "$2000" did not come up with what I was looking for and I already looked at the FAQ and in the basics the limit was discussed, but not the reason why it has reamined $2000 for so lone.
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