Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I think Mr. Braze is misleading far more than the WSJ article.

First of all, that 39% contributed an average of $2,000 to an IRA is not the same as 39% contributed $2,000 to an IRA. Some, perhaps many, contributed less so Mr. Braze's figure is undoubtedly exaggerated.

Second, 27% contributing at the maximum rate is nothing like 27% contributing the IRS maximum. Even if a company allows a generous 15% contibution, only those who earn $70,000 or more will be able to contribute the IRS maximum by contributing at the maximum rate.

I believe the anonymous WSJ article rather than Mr. Braze.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.