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Author: pjohns One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75614  
Subject: The $5,000 IRA Date: 7/18/2000 8:29 PM
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Not long ago I read that Congress is considering an increase in the annual limit for IRA contributions (either traditional or Roth, I believe), from the current $2,000 to $5,000. The purpose: to increase the propensity of people to save aggressively for retirement--and, presumably, take a little pressure off the Social Security system by doing so.

I have not heard anything more about it, however. Does anyone know anything about this? Does it appear likely to become law anytime soon?
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