• Tim McAleenan Jr.
    Is it me, or are Roth IRA limits kind of low? Instead of the $5,000-$6,000 range, shouldn't they be about $15,000 annually?
    3/8/12
    Reply (8)
    • SA Editor Rocco Pendola: Where do you think you live!? Canada??
      3/8/12
    • Stephen J Melnykevich: Excellent question, 401K have limits around $15,000.
      3/8/12
    • Stephen J Melnykevich: I am sure it has something to do with lower tax revenue for the government if the Roth IRA limits were increased.
      3/8/12
    • David Fish: I agree they should be higher, but at least they are a vast improvement over the $2,000 limit that we had for many years!
      3/8/12
    • SA Editor Rocco Pendola: I remember those days.
      3/8/12
    • Stephen J Melnykevich: I worry for my fellow peers like Tim (in 20's) as I feel I'll be penalized at some point via taxes for Roth. Be it now or upon retirement.
      3/8/12
    • BraveChicken: Shhh... You don't want the future government to realize they are missing out on tax revenue, do you?
      3/24/12
    • Stephen J Melnykevich: haha
      3/24/12