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Author: BRKNut ⎊⎊  😊 😞
Number: of 670 
Subject: Contribution Limits favor 401K over IRA
Date: 05/19/2024 6:14 PM
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No. of Recommendations: 1
I thought it’d be a good idea to get everyone’s thoughts on the disproportionate limits of 401K plans versus IRA.

Why?

I’ll take a stab and suggest that it’s directly the result of lobbying of Congress by the FI. The quantum of fees which are locked in because of custodial relationships for decades. Few are on the other side. After all, the proportion of people who manage their own finances (well or not) is small.

Others thoughts?
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Author: AdrianC ⎊🐝  😊 😞
Number: of 670 
Subject: Re: Contribution Limits favor 401K over IRA
Date: 05/19/2024 8:57 PM
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You can have both. It’s not one or the other.

https://www.nerdwallet.com/article/investing/can-i...
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Author: rayvt ✧🐝  😊 😞
Number: of 1021 
Subject: Re: Contribution Limits favor 401K over IRA
Date: 05/20/2024 8:45 AM
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They were created at different times by different people.
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