Comments on: Poll: Should the 401(k) Contribution Limit be Reduced in 2010?

By: True Religion

True Religion — Mon, 07 Sep 2009 01:50:00 +0000

I agree that reducing the max is a bad idea. no one want to send the message that we should stop saving…Anyway, I like the idea of encouraging more investment in Roth accounts….many thanks

By: Goran Web | Net Age

Goran Web | Net Age — Thu, 03 Sep 2009 07:52:09 +0000

The days of the welfare state are numbered, and the government officials responsible for managing things for the people are more interested in benefitting and enriching themselves than actually making sure the public gets sorted out.

By: The Biz of Life

The Biz of Life — Wed, 02 Sep 2009 16:20:33 +0000

I don’t think anyone under 40 should count on Social Security when they retire (it may be there, but it might not), so I’m all for increasing the 401k limits each year, regardless of the rate of inflation. America benefits most when Americans do the responsible thing and save for their future. We don’t need any more disincentives to save.

By: Miranda

Miranda — Wed, 02 Sep 2009 12:17:15 +0000

I agree that reducing the max is a bad idea. We don’t want to send the message that we should stop saving…Anyway, I like the idea of encouraging more investment in Roth accounts. This way, the government still gets its tax revenue (at least for now, in the short term), we are still encouraged to save.

By: Robert

Robert — Wed, 02 Sep 2009 02:36:09 +0000

Or maybe encourage savings and personal responsibility and remove the silly caps and allow people to invest whatever they can afford into their Roth or 401k.

By: newretirement.com

newretirement.com — Tue, 01 Sep 2009 18:34:36 +0000

It is disappointing that Social Security beneficiaries will not get a cost of living increase. Just because gas hasn’t gone up does not mean that people are not spending more money on other items, like as you say Healthcare. One reason Healthcare is getting so expensive too is because doctors are prescribing expensive treatments to ensure they don’t get sued. We need to get our Healthcare act together.

By: Erick

Erick — Tue, 01 Sep 2009 18:05:39 +0000

An other option is to eliminate the 401k and expand Roth and/or traditional IRAs with larger maximums. This takes employeers out of the loop and encourages more savings and more choice by individuals (easier to move investments, not limited to employeer’s plan). In general we will be better off as citizens, employees and employers when benefits (retirement and health insurance) are de-coupled from employment. These benefits have become entitlements that employeers are all but required to provide. Encourage employeers focus on their business and not on providing additional benefits to their workforce.