No. of Recommendations: 0
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.


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.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.