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Originally Posted by Broken Arrow
Although to be perfectly frank, I think the limit is already too small as it is. If the government wants alleviate the healthcare issue and encourage its citizens to save, we would all benefit more in the long run if they greatly increase the limit now.
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i would agree on the low-limit opinion. 4k contribution limit, and the median income is what, 43k? or so? that's less than 10%....
if the cap on 401ks is 15k per year, wouldn't a simple yet effective Roth limit be the equivalent of the 15k after taxes?