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I wondered how they'd steal your 401(k). Well now we know
Poast new message in this thread
Date: November 30th, 2022 6:13 PM Author: Mustard main people https://www.dailymail.co.uk/news/article-11485913/Why-Bidens-woke-agenda-retirement-risk-demands-ANDY-PUZDER.html (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45565751) |
Date: December 2nd, 2022 12:19 PM Author: Mustard main people (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45574377) |
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Date: December 2nd, 2022 12:31 PM Author: galvanic gas station brain is withering from being exposed to this prole slop lmao (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45574470) |
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Date: December 2nd, 2022 1:04 PM Author: Marvelous laser beams my guess is inflation/tanking the stock market/not increasing tax brackets properly, etc. (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45574646) |
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Date: December 2nd, 2022 3:10 PM Author: Mustard main people https://www.dailymail.co.uk/news/article-11495913/MAGA-fund-invests-firms-support-GOP-OUTPERFORMING-ESG-funds-15.html (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45575395) |
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Date: December 7th, 2022 1:37 PM Author: provocative dopamine library Libs? (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45599382) |
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Date: December 7th, 2022 1:38 PM Author: orange cumskin lodge (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45599385) |
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Date: December 7th, 2022 1:48 PM Author: Yapping abode depressive They’ll “steal” your 401(k) by updating fiduciary rules and leaving investment discretion in the hands of fund managers!
Hot take gibberish. Not sure why a broke government employee shaniqua who spends all his money on alcohol is focused on this either 😂 |
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Date: December 7th, 2022 2:03 PM Author: judgmental claret whorehouse yes, the govt forcing fund managers to invest money that doesn't belong to either of them into shitty companies that happen to align with their political narrative sounds a lot like stealing. wouldn't it be more efficient for biden to just take the money directly from the american people? he already has been doing that via double digit inflation they intentionally manufactured. it's clear they hate the middle class and don't have to pretend any more since they can just rig elections. (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45599486) |
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Date: December 7th, 2022 2:04 PM Author: provocative dopamine library (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45599495) |
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Date: December 7th, 2022 2:07 PM Author: Yapping abode depressive Forcing? Link?
Who do you think will pay for the massive trump era deficits that created this inflation and were used to fund tax cuts for GC? |
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Date: December 7th, 2022 2:09 PM Author: judgmental claret whorehouse lol at this word salad. letting the middle class keep their own money is not a form of spending. we've been over this. (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45599518) |
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Date: December 7th, 2022 2:47 PM Author: provocative dopamine library That's obeezy (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45599721) |
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Date: December 7th, 2022 3:10 PM Author: Yapping abode depressive So no response? I accept your concession :-) (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45599841) |
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Date: December 7th, 2022 8:13 PM Author: judgmental claret whorehouse you literally think any money that working americans are "allowed" to keep is a form of govt spending. ppl who think like you are worse than the woke crowd of shitlibs. (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45601209) |
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Date: December 7th, 2022 8:35 PM Author: Grizzly odious circlehead voyeur you realize they charge an extra 0.5% a year for this and underperform index funds, right? (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45601323) |
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Date: December 7th, 2022 3:35 PM Author: Drab juggernaut mexican JFC. Does nobody on xoxo have even basic reading comprehension skills? Nobody is "stealing" anyone's 401k. That's just a TBF conspiracy theory. And that would have been obvious to anyone who had actually bothered to read even (the highly inflammatory and inaccurate) article that was poasted.
What actually happened is that Biden passed a rule saying that employers are allowed to make it so that "socially responsible" ESG funds are the default option in 401k plans. The argument seems to be "Biden is allowing employers to steer their employees toward 'woke' funds that will yield lower returns. And that's stealing." There are two big problems with this argument: 1) Since the ESG index was created, it has actually outperformed the S&P. So the claim that ESG investing will result in lower returns is highly dubious. 2) More importantly, IF YOU DON'T WANT TO INVEST IN ESG FUNDS, ALL YOU NEED TO DO IS LOG ON TO YOUR PROVIDER'S FUCKING WEB SITE AND CHANGE IT. Nobody is "forcing" anyone to invest in ESG funds. The argument in the article seems to be that most people are too dumb to do this. My response is that if you are too dumb to navigate to fidelity.com or download their app and see what you are investing in, then you are probably going to underperform the market no matter what. You're losing money because you're dumb, not because the government made an obscure rule that will affect very few people anyway. |
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Date: December 7th, 2022 8:16 PM Author: judgmental claret whorehouse stop raping little kids spaceporn (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45601230) |
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Date: December 7th, 2022 8:53 PM Author: purple crotch I agree this isn't stealing, but my problem is your 2nd point. I've been places where the options for 401k investment are very limited. The idea of ERISA is to protect people from themselves and make it where you can't make a risky investment and can only elect investments seeking profit.
This is a significant change and gives mass cover to managers for this specific area. |
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Date: December 7th, 2022 9:05 PM Author: Indigo state lol yeah making the default option of people's retirement plans some lib bullshit is nbd man (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45601473) |
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Date: December 7th, 2022 9:07 PM Author: mint genital piercing the usa would be better off if people like you all dropped dead thanks, vax |
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Date: December 7th, 2022 8:31 PM Author: lascivious black ticket booth keepsake machete lol took one look at the byline and hit dat SHIFT F5 has boomer kike infomercial written all over it |
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Date: December 7th, 2022 9:03 PM Author: judgmental claret whorehouse holy shit check out mr computer over here with his fancy keyboard tricks (http://www.autoadmit.com/thread.php?thread_id=5244766&forum_id=2#45601468) |