Originally Posted by
Crown
this has been my argument against a Min Balance plan since the get-go. Why should I, me, not be able to take MY money and invest it where I want? What if I want to use that money to prop up a friend's small business? What if I want to use the excess to support my parents? What if I want to take it to Vegas and put it on black? That should be my choice and my choice alone. Not the choice of DZers who will apparently never have enough money.
Because the excess money that is slated for retirement is not qualified. It is negotiated as retirement and there should be a vehicle to have that excess qualified. This is why pilots are dumb. Do you see Ed or any high income earner taking all their money as a paycheck? No, they try and get as much deffered income as possible.