Quote:
Originally posted by sebastian_dangerfield
1. Thats not what I said, but I agree with your non-reply.
2. The admin costs should be born by the person who holds the investment, rather than an employer. If the business was not manging a pension, it would have ZERO expenses, right? You got an option that beats $0.00 in admin expenses?
3. I'm not justifying my own choices at all. IRAs are a good way for people to save. But its goddamned sad thing that business has to play nanny.
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1. My reply was that businesses were forced to play nanny, not that they chose to, so you really can't blame them for it. Now that they have an opportunity to get out of it, many are doing just that.
2. I guess I'm talking about comparing the admin costs of an "everybody go out and get your own IRA" world vs the present "feel free to invest in our 401(k) plan" world. It's much, much cheaper the way it's done now.
3. Say the "business has to play nanny" thing one more time and you might have yourself convinced...
