The Dog Ate My IRA Contribution

I get my Suze Orman on with this one, my latest article at Fortune…

***

More than half of people under 50 did not make retirement contributions last year, according to a recent report. There’s only one excuse for not contributing — and most people can’t use it.

By Joshua Brown, contributor

FORTUNE — Very little in life is truly free. Free information (think seminars, webinars) requires your time, free “gifts” require you to be obliged to the giver. Because this is the case, when something truly free comes along, you take it.

There’s a highly disturbing survey out from T. Rowe Price that looks into the investing habits of Generations X and Y circa now. It seems many Americans who still have decades of work ahead of them have decided that lowering their taxable income is not cool anymore and investing for the future is lame.

Too bad, because they’re obviously committing one of the cardinal sins of business: Saying no to the freebies. You’d think this would be obvious, and yet according to T. Rowe’s data, only 45% of people between 21 and 34 (Gen Y) and people between 35 and 50 (Gen X) will be making IRA contributions for fiscal 2011. That means a whopping percentage – more than half – will simply do nothing. This is down considerably from 2010, when 71% of those surveyed made contributions to their retirement plans.

This is unacceptable…

Keep Reading:

On retirement, too many of us are fools (Fortune)

 

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. sex commented on Sep 18

    … [Trackback]

    […] Here you can find 9894 more Info on that Topic: thereformedbroker.com/2012/03/30/the-dog-ate-my-ira-contribution/ […]

  2. order THC concentrates online commented on Sep 23

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/03/30/the-dog-ate-my-ira-contribution/ […]

  3. 스포츠토토 commented on Sep 25

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/03/30/the-dog-ate-my-ira-contribution/ […]

  4. Dank Vape Carts for Sale commented on Oct 13

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/03/30/the-dog-ate-my-ira-contribution/ […]

  5. fun88 commented on Oct 29

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/03/30/the-dog-ate-my-ira-contribution/ […]

  6. https://pendaftaran.sscnbkn.win/ commented on Nov 14

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2012/03/30/the-dog-ate-my-ira-contribution/ […]

  7. used ford f150 winnipeg commented on Dec 16

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/03/30/the-dog-ate-my-ira-contribution/ […]