WEBVTT

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GOVERNMENT IS DOING AND SETTING

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UP THE NEW TAX PLAN, IF THEY END

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UP SEEING THE MONEY COMING HOME

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IT HAS SERVED ITS PURPOSE.

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DAGEN: YOU MENTION 401(K) PLANS.

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WHEN YOU SAID THAT BEFORE THIS

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SEGMENT STARTED, 55 MILLION

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MILLION AMERICANS IN 401(K)

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PLANS, CLOSER TO 60 MILLION

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PEOPLE PARTICIPATING.

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MORE THAN HALF OF AMERICANS OVER

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THE AGE OF 30 CONNECTS YOU WITH

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FOUR OR ONE K. PLAN IS.

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ONLY ONE THIRD HAS ONE ACCORDING

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TO THE SURVEY DONE.

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ONE OF THE ISSUES WE TALK ABOUT

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ARE PEOPLE MISSING OUT ON THIS

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RALLY AND POLITICALLY YOU HEARD

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IT FROM JUAN WILLIAMS, PEOPLE

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ARE NOT PARTICIPATING IN THE

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STOCK MARKET RALLY.

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DO YOU FEEL THAT IS THE CASE AND

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WHAT DO YOU MAKE OF THIS?

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>> SMALL COMPANIES ARE

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RESPONSIBLE FOR GDP HERE IN THE

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U.S.

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NOT ALL SMALL COMPANIES HAVE

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RETIREMENT PLANS.

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FIRST AND FOREMOST IF THEY CAN

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GET BEHIND AND INCENTIVIZE

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COMPANIES TO ENCOURAGE AND START

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UP RETIREMENT PLANS THAT WOULD

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BE GREAT.

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NUMBER TWO THEY ARE THINKING

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ABOUT RETIREMENT.

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I SIT WITH THEM EVERY YEAR AND

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SAY WE'VE GOT A GENEROUS PROGRAM

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IN 401(K).

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PLEASE PARTICIPATE.

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IF YOU TAKE IT OUT OF YOUR

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PAYCHECK.

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WE NEED TO DO A BETTER JOB IN

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THE U.S. OF EDUCATING FIRST AND

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FOREMOST AND SECOND MAKING SURE

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PEOPLE STEP UP AND PARTICIPATE

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BECAUSE THE LITTLE GUY STARTED

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EARLY MEANS A LOT LATER.

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TRENDY SOMEONE WAS ADDED TO

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STAFF HERE AND I SAID HEALTH

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INSURANCE IS AWESOME, BUT YOU

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REALLY GOT A PARTICIPATE IN THE

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401(K) BECAUSE THE MATCH YOU GET

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FROM THE COMPANY IS FREE MONEY.

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IT IS A BONUS THAT YOU OTHERWISE

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WON'T GET UNLESS YOU PARTICIPATE

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>> IF YOU ARE OLDER, YOU DOESN'T

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MEAN IT'S TOO LATE.

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THEY BUMPED THE MAXIMUM YOU CAN

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PUT IN FROM 18,000 TO 18,500.

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DAGEN: THAT IS A LOT OF MONEY

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YOU COULD POTENTIALLY STOCK AWAY

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EVERY YEAR.

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THAT IS WHY I LOST MY MIND WHEN

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THE REPUBLICANS WERE THINKING

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ABOUT TINKERING WITH THE

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CONTRIBUTION LIMITS TO 401(K)

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PLANS AND THEY HAVE SOME

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COCKAMAMIE REASON THAN THEY WERE

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LIKE WHY WERE YOU TALKING ABOUT

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THEM ON THE AIR?

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IT DIDN'T HAPPEN.

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SOMEBODY WAS THINKING ABOUT IT.

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>> SO MANY YOUNG PEOPLE

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ACCORDING TO THE LATEST

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STATISTICS AREN'T EVEN AWARE OF

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WHAT A 401(K) IS GOOD OLDER

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AMERICANS COME TO PRE-RETIREES,

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THIS IS THEIR BREAD AND BUTTER.

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THEY ARE VERY MUCH AWARE.

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I HADN'T LOOKED AT MANY MONTHS I

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LOOKED AT IT THE OTHER DAY AND I

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SAID WOW.

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BUT I'LL ASK YOU.

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I GOT A LITTLE SCARED.

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DO YOU KEEP THIS MONEY?

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>> YOU HAD THAT FEELING MEANS

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YOU ALLOCATED THE RIGHT WAY.

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UNFORTUNATELY, LET PEOPLE INVEST

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IN 401(K) PLANS DON'T ALLOCATED

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TO EQUITIES.

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THEY WORRIED ABOUT THE MARKET SO

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THEY'LL PUT IT IN A SHORT-TERM

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BOND FUND OR SOMETHING LIKE

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THAT.

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DAGEN: THE HEADLINES OVER AND

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OVER AGAIN THAT THE BOND BULL

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MARKET THAT ARE GOING ON FOR

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MORE THAN THREE DECADES IS OVER.

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WHEN YOU TALK ABOUT STOCKS, ARE

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YOU GOING TO PUT IT IN

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LONGER-TERM BOND?

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THOSE ARE ARGUABLY MORE

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OVERVALUED THAN STOCKS.

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>> THE EARLIER PARTS OF THE

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STOCK MARKET RUN WERE DRIVEN BY

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INSTITUTIONS BY THE CENTRAL

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BANKS THEMSELVES.

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ARE YOU SEEING MORE AND MORE

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INDIVIDUALS PARTICIPATING IN

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THIS?

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IF SO, WHAT SIGNAL IS THAT?

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IS THAT THE LATE STAGES ARE THE

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MIDDLE STAGES?

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>> AS FAR AS INDIVIDUAL

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INVESTORS YET, THEY STILL

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REMEMBER THE FINANCIAL CRISIS

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AND HOW IT HAS BEEN PERSONALLY.

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HOWEVER THEY FEEL MORE

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CONFIDENT, BUT NOT THAT IT'S TOO

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RISKY AT THIS POINT.

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THEY FEEL MORE CONFIDENT MAYBE

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BUYING A CAR FOR THE FIRST TIME

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OR HIRING THAT EXTRA EMPLOYEE

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THEY HADN'T THOUGHT ABOUT HIRING

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IN A WHILE.

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SO THAT IS GOOD.

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THE KEY IS MAKING SURE AT THIS

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POINT IN TIME WHEN YOU FEEL

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GOOD, CUT DOWN ON DECK, AND GET

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RETIREMENT SQUARED AWAY IN

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REGARDING ALLOCATION,

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PARTICIPATE IF YOU GO THROUGH

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THE WHOLE PROCESS BEEN A PART OF

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IT, INVEST FOR THE LONG TERM.

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TRAIN TO IOWA TO SAY THIS, IF

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YOU OWN STOCKS FROM YOU ON A

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PIECE OF THE CORPORATION IN THE

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GREAT AMERICAN COMPANY.