The magnitude for trying to create an administrative system and make it functional for 140 million people (in Social Security) could be done, but it will take years. The federal thrift program is having problems and that's a lot fewer people.
More Quotes from 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
The easiest thing to do is leave (your savings) in the plan, ... If you like the investment options you have, you may want to leave it there.
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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,
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These results illustrate why it's often risky to rely on 'average' numbers, which are too often the only thing that's reported, ... The database shows that individuals' personal experience is often very different from the average.
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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.
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Based on Topics: People QuotesThings are never so bad they can't be made worse.
Humphrey Bogart
If I am to be known for anything, I would like it to be for encouraging Canadians, for knowing a little bit about their daily, extraordinary courage. And for wanting that courage to be recognized.
Romeo LeBlanc
Faithfulness to the past can be a kind of death above ground. Writing of the past is a resurrection; the past then lives in your words and you are free.
Jessamyn West