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Politics : Politics for Pros- moderated
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To: Neeka who wrote (101679)2/22/2005 8:02:08 PM
From: Lane3  Read Replies (3) of 793727
 
It is almost a sin that as a society we don't encourage more saving.

I agree that it's sin.

[FWIW, one of the Bush-haters that I know has several pet complaints, things that really stick in her craw. Very near the top of her list, based on how often she mentions it, is the way he asked people to go out and spend their tax cuts. She was mad enough about the tax cuts, but the spending part was too much for her.]


But a nest egg of $50,000 or less won't get you far in retirement, especially if you've already got plenty of bills to pay.

It's hard to tell about these numbers. Should we assume that IRAs and 401Ks represent all the savings people have for retirement? Both of those vehicles have fairly low caps. Hopefully people have other money.

I have very little in my IRA, too, but that's because I was only eligible to contribute for a couple of years. The amount in my IRA doesn't tell you anything about my savings.
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