If it's money that an individual would otherwise have to borrow, meaning they'd take out a loan against a credit card or run up a balance, they are better off economically if they borrow from themselves.
More Quotes from Dallas Salisbury:
Very little is likely to happen in 2006 because Congress and the White House are already focused on elections.Dallas Salisbury
What's interesting to note is how differently individuals in these plans choose to allocate their assets. The actual numbers end up fitting with what most advisers say people should be doing.
Dallas Salisbury
I think many people end up taking buyout offers quickly because 100,000 (or some other lump-sum payment) can seem like a great deal of money, only to end up realizing after the fact that it wasn't enough to justify leaving. People need to avoid the wide-eyed feeling of I'm winning the lottery and make sure they think about if I am 50 I still got decades ahead of me.
Dallas Salisbury
The American public needs help from the employers, help from the government to save. They're very concerned about not being told the truth about Medicare and Social Security. They're ready to deal with that truth.
Dallas Salisbury
We're seeing innovation to help individuals save for retirement more easily instead of putting so much reliance on the employee to find the time to do it. The Principal 10 Best winners are taking 401(k) plans and giving them more security with automatic diversification and annuity options,
Dallas Salisbury
The administrative costs (of an employer plan) are frequently cheaper. It's generally going to cost you less money than an IRA.
Dallas Salisbury
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