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Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’ (moneywise.com)
submitted 3 years ago by to c/usa@lemmy.ml
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[–] 41 points 3 years ago (4 children)

Maybe it should be. Decoupling retirement and Wall Street would probably let us take a more honest look at the costs and benefits of for profit corporations in our society.

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  • [+] 13 points 3 years ago* (last edited 2 years ago) (2 children)
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  • [–] 3 points 2 years ago* (last edited 2 years ago) (1 child)

    The amounts have changed. For 2023, the current 401K maximum is $22,500, and if you are 50 or older, $30,000.

    For 2023, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than: $6,500 ($7,500 if you're age 50 or older), or. If less, your taxable compensation for the year.

    Cutting the budget to come up with an extra $28,000 is the hard part.

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  • [–] 11 points 2 years ago

    agreed. retirement and healthcare should not be tied to employment. Want a snazzier retirement. Fine that is 401k/ira material. Retirement plus health insurance should be enough to pay for a retirment home private room where you won't be molested (i.e. - pays enough that folks don't want to lose their job)

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