Biden wants your retirement savings to go woke

[Kyle]

Here are 3 ways to protect yourself


Many employer-run 401(k) accounts could soon automatically put your contributions in woke funds


The White House recently issued a new regulation that will allow investment fiduciaries, including 401(k) plan managers, to offer investment options that consider environmental, social, and governance (ESG) issues, such as climate change and social justice initiatives. The move could radically transform retirement investing for tens of millions of Americans nationwide.

Until now, those managing many retirement accounts were required to prioritize the best return on investment possible. By opening the door to left-wing investment plans, the Biden administration is permitting employers and private pension fund managers to effectively politicize retirement investments.

Biden wants your retirement savings to go woke. Here are 3 ways to protect yourself

The White House recently issued a new regulation that could radically transform retirement investing for millions of Americans.

www.foxnews.com

 

[Monello]

I read an article a while ago where the author pointed out that it was possible in the future for the feds to go after funds in people's 401K accounts because of equity.

It wasn't fair that some people spent all the money they earned while the greedy people that invested some money get to watch it grow into a substantial amount. Knowing that your neighbor is sitting with a nice nest egg while you are broke is bad for your self esteem. It might make you think less of yourself. So big government will intervene to level the playing field.

You may scoff at this idea. But this is the same government that some believed a fairy tale about prostitutes pissing on hotel beds in the company of a future presidential candidate. The same government that spied on a presidential candidate while ignoring the cyber crimes of his opponent. The same government that tried to blanket forgive billions of dollars worth of student loans. The same government that encourages millions of poor, uneducated migrants to just walk right in our southern border.

 

[stgislander]

The White House recently issued a new regulation that will allow investment fiduciaries, including 401(k) plan managers, to offer investment options that consider environmental, social, and governance (ESG) issues, such as climate change and social justice initiatives.

As long as that is just an "option" that I can opt out of, I have no problem. Sort of like those Sin Investment plans.