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A comment on I cannot afford to go back to engineering school. Parent comment

Re:I cannot afford to go back to engineering school by muzz on Wednesday August 07, 2013 @09:41PM (#6176887)
Yes, 401k, IRA, etc.

But your concern of their limitations applies to so few people.

Roughly 30% of people have less than $1000 saved for retirement, in any kind of account [1]

Roughly 55% of people have less than $25K saved, in any kind of account

The 401k personal contribution limit is $17,500 this year, and if someone had a 50% match form their company, they could top that in just ONE single year.

[1] page 18, 19: http://www.pacificlife.com/NR/rdonlyres/BCCBDD57-93B9-4B5F-8...

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Re:I cannot afford to go back to engineering school by ohazi on Wednesday August 07, 2013 @10:29PM (#6177021)
Yes, I know that the vast majority of people don't/can't/won't plan for retirement at all. But we're already talking about "parents with modest incomes but a lot of savings from planning their own retirement." Many of these people could fall into this category.
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