Quote:
Originally posted by bilmore
I know. I thought that was the first step in a good direction.
I understand that, but there needs to be some liberalization even if it does leave those of really bad judgment at the tender mercies of social security only. There's a huge resistance to tying up money with little chance of access before the prescibed age. If we do loosen that a bit, I think the resistance will drop, and investment will rise. Besides, the "least financially secure" aren't in 401k's anyway.
Nope. So, obviously, we can't make it a safe haven like Florida homes have become - a place for the wealthy to hide their huge assets - but at the same time, those funds can't be hanging out there for the collection firms of the world to salivate over. Happy medium, somehow.
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Why can't people who can afford to put away more than $15k a year just invest/save it? Why, bilmore, why?
