12-31-2006, 12:19 AM
[quote raz]Per http://benefitsattorney.com/modules.php?name=415 the maximum contribution to a 401(k) for 2006 is $15,000 and for 2007 is $15,500.
If you can really afford to sock that much away, great. Few people can.
I disagree. Many, many can.
The fact is, few people *do*--for a number of reasons, virtually all of which add up to that they'd rather pay the tax today and spend the after-tax money today on things like Macintosh computers and leases on fancy cars instead of save for their future.
If you can really afford to sock that much away, great. Few people can.
I disagree. Many, many can.
The fact is, few people *do*--for a number of reasons, virtually all of which add up to that they'd rather pay the tax today and spend the after-tax money today on things like Macintosh computers and leases on fancy cars instead of save for their future.