tymmo asks,

<<That's correct. At least 90% of my IRA assets are money I rolled over from a 401k as I job-hopped through the 1980's and early 1990's. I agree that one is unlikely to retire before age 40 on a $3,000 annual IRA contribution.

intercst>>

Uh oh.

(yeah, I bother to go to relevant boards)

Are you saying that 1) some companies offer GOOD 401ks, not true from your priors?

I suppose some companies do offer good 401k plans. My investment results improved considerably after I rolled my 401k money into an IRA and had complete control over my investment choices

2) You benefitted from these (from your previous posts no one but the evil should) ?

3) Howard Dean should NOT TAX these obvious grossly-inflated excess profits from "the" rich, to give to those who so are desperate for a good meal and their prescription "rights" from people like you?

4) It should be more than a 3K contribution to 401k's? Whoa, getting dizzy here!

The $3,000 limit applies to IRAs. As ptheland points out, you won't have enough money to retire on your IRA alone unless it includes substantial assets rolled over from a 401k. Surely you understand the difference between an IRA and 401k?

5) If you claim to job hopping for over 10 years, doesn't that mean you haven't found your purpose?

Not at all, it means I jumped from company to company in a string of raises and promotions that allowed me to retire at age 38.

6) and, for the last time, i ask whether you would have retired if your lucky stock choices weren't right....suppose Pfizer dropped 99%?

Pfizer makes up about 10% of my portfolio. I'd still be retired with a withdrawal rate below 2% if Pfizer went bankrupt on Monday.

tymmo: And I don't claim to be an angel here...just pointing out some errors...of which i have made many...

I'm glad you recognize your errors, tymmo. It seems that most involved reading comprehension. Do you need bifocals? <LOL>

intercst