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Re: 401K vs IRA maximum annual contribution limit difference

  
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Re: 401K vs IRA maximum annual contribution limit difference tbone@steak.com 04-11-2006
Posted by tbone@steak.com on April 11, 2006, 3:31 am
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 Thanks for all the replies! I agree with most of your
observations (especially the ones on our beloved Congress
:-) As I mentioned before, considering most companies do
matching, for most people 401K is just the logical choice
since they get more out of it, so the discrepany is really
not a big deal for the majority, and thus it will never be a
hot issue that Congress will bother with. On the other hand,
it just seems so simple and logical to me to have both
retriement plans sync up their ceiling. I guess I am one of
the minority who actually does worse since my company is not
doing matching, and me and my co-workers are frustrated with
the overhead and comparative high cost from the 401k
administrator :-(

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Posted by Barry Margolin on April 12, 2006, 7:17 am
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> On the other hand,
> it just seems so simple and logical to me to have both
> retriement plans sync up their ceiling.

You seem to be assuming that you have to choose one or the
other, so they should be comparable. But since you can have
*both* a 401k and an IRA, why should they be similar?

--
Barry Margolin, barmar@alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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