Doug quotes
>[from an article in yesterday's Wall Street Journal on the low US savings rate]
>
>Ignorance and Glamour......
>Joseph L. Jones is one of America's dis-savers. He is 47 -- a time of
>life, the experts intone, for preparing for retirement. Yet Mr. Jones
>has pulled $30,000 out of his IRA in recent years, even incurring the
>penalties, to help pay for his dream of expanding the Cleveland
>remodeling and construction business he founded five years ago. His
>business is growing quickly....
"Ignorance" indeed!! So its "dissaving" to take assets out of a passive IRA and invest them in a rapidly growing remodeling and construction business! And presumably the country's "best" financial paper would consider it even more "dissaving" if Mr. Jones borrowed to increase the investment in his business!
Shane Mage
"Thunderbolt steers all things." Herakleitos of Ephesos, fr. 64