Author Topic: Your 401K is about to get drained  (Read 352 times)

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Offline Wineslob

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Your 401K is about to get drained
« 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/
“The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance.”

        -- Marcus Tullius Cicero, 55 BC (106-43 BC)

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"Practice random violence and senseless acts of brutality"

If you want a gender neutral bathroom, go pee in the forest.

Offline DefiantSix

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Re: Your 401K is about to get drained
« Reply #1 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.
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Offline Wineslob

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Re: Your 401K is about to get drained
« Reply #2 on: December 01, 2022, 07:01:37 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.
“The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance.”

        -- Marcus Tullius Cicero, 55 BC (106-43 BC)

The unobtainable is unknown at Zombo.com



"Practice random violence and senseless acts of brutality"

If you want a gender neutral bathroom, go pee in the forest.