The Conservative Cave

Current Events => Economics => Topic started by: Wineslob on December 01, 2022, 11:42:43 AM

Title: Your 401K is about to get drained
Post by: Wineslob on December 01, 2022, 11:42:43 AM

The Biden mis-admistration has reversed Trump era restrictions on admins of 401K plans.


 https://www.reuters.com/world/us/new-biden-rule-allows-socially-conscious-investing-by-retirement-plans-2022-11-22/

Title: Re: Your 401K is about to get drained
Post by: DefiantSix on December 01, 2022, 12:25:03 PM

#JoeTheFraud has had lusty eyes for the 401(k) money of other people since at least 2008, and I'm thinking it goes all the way back to 2001.

Title: Re: Your 401K is about to get drained
Post by: Wineslob on December 01, 2022, 07:01:37 PM

Quote from: DefiantSix on December 01, 2022, 12:25:03 PM

#JoeTheFraud has had lusty eyes for the 401(k) money of other people since at least 2008, and I'm thinking it goes all the way back to 2001.

Yup and now if you get some "woke" admin in a 401k  they can "invest" your savings in a losing "socially  conscious" esg. No repercussions.