Skip to main content
No. of Recommendations: 0
>> What I intended it to mean, though, was that people who save money tend to save money pretty much regardless of how little they earn, whereas many people could get a substantial raise and not save any more money than they already do.
------------------

I'm sorry that I misunderstood your message. What you say here is something with which I agree.

The statistics on IRA participation in the range that includes the median income are interesting but, to my mind, inconclusive. Just speaking for myself: I stopped making IRA contributions when they became non-deductible for me, but during the years I didn't make them, I had money going into a 403(b) plan. My last year in such a plan was 1996, and I did make an IRA contribution for 1997.
Print the post  

Announcements

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.