Survey: Strong Bipartisan Support for Automatic IRA

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Financial Aid

Most of the people still don't have any idea about the retirement plan.And advantages of it.

Harry Swift of LA @ Nov 16, 2009 03:30:56 AM

It's great to nudge people to save, BUT

1) Fixed-income IRA's (bonds and CDs) are no fun when the government is printing so much money that interest rates are held artificially low (for years and years).
2) Having the wealthiest few people in the country (who own most of the stocks) selling their stocks to the new small savers (at prices inflated by the new money from the new savers going into the market) is no fun when that capital gains taxes on the sellers that SHOULD be collected to reduce the deficit are not collected because the rates are held too low.
3) The paradox of thrift is that every dollar sent to an IRA is a dollar not spent in the American economy that is said to run about 70% on consumer spending.
So, first raise the interest rates paid to bank depositors and on bonds. Then raise the capital gains taxes. THEN put everybody in that automatic IRA.

Muser of NM @ Sep 25, 2009 13:33:48 PM

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Survey: Strong Bipartisan Support for Automatic IRA

Financial Aid

It's great to nudge people to save, BUT

Planning to Retire

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Survey: Strong Bipartisan Support for Automatic IRA

Financial Aid

It's great to nudge people to save, BUT

Planning to Retire

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