The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Honest IRA/Roth Comparisons||Date: 4/1/1998 9:37 PM|
|Author: Rayvt||Number: 2572 of 73985|
Pooksterish said: <<I have to disagree ... I know lots of people who make very little money but put $2000 per year PLUS into retirement savings, and take advantage of the deductability. I for one make about $26000 per year and my retirement savings are $2000 IRA, $1000 SEP, and about $6000 into a non-IRA investment account, for a total of $9000 per year....>>
I'm surprised to hear that lots of people share their personal finance information with you. Most people keep this type of personal information very private.
And, that really wasn't what I said. There is no question that _some_ low income people are able to save money. But _most_ don't. And I dare say that you are not supporting a wife and two kids on $26,000 while putting away $9000.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|