401K rules-Biden administration

[...]

Just more right wing propaganda. Don't pay it any attention.

oh

 

[sailfish]

Just more right wing propaganda. Don't pay it any attention.

Right here from the horse's mouth, bucko.

US Department of Labor announces final rule to remove barriers to considering environmental, social, governance factors in plan investments

www.dol.gov

 

[DriveInDriveOut]

Just more right wing propaganda. Don't pay it any attention.

 

[PT Car Washer]

Right here from the horse's mouth, bucko.

US Department of Labor announces final rule to remove barriers to considering environmental, social, governance factors in plan investments

www.dol.gov

Considering is not the same as forcing.

 

[sailfish]

Considering is not the same as forcing.

No one's claiming it is. Why even give them this option?

 

[DriveInDriveOut]

Our funds are all index funds so it's a non-issue. If you had a 401k with an actively managed fund where the fund manager was picking stocks it might be something for you to worry about.

While on it's face that's true, 90% of s&p500 companies report their ESG scores, and the s&p itself has an ESG focused index fund.

This rule change by itself isn't that big of a deal, but there will come a time when you just can't escape these companies' terrible capital deployment strategy.

 

[...]

No one's claiming it is. Why even give them this option?

He'll say the same thing when we're being loaded into boxcars at gunpoint.

"No one's forcing you! That's just right wing propaganda!"

 

[sailfish]

He'll say the same thing when we're being loaded into boxcars at gunpoint.

"No one's forcing you! That's just right wing propaganda!"

More than likely he'll just shut down and off as usual when presented with a question his script doesn't provide an answer to.

 

[...]

More than likely he'll just shut down and off as usual when presented with a question his script doesn't provide an answer to.

He still says the vaccines weren't forced on anyone. Well they sure as heck tried to force them on people.

 

[sailfish]

How anyone can defend this is beyond belief.

 

[...]

How anyone can defend this is beyond belief.

This is exactly the reason I opted out of the 401k ASAP when I got hired. They automatically enroll everyone at like 5% when they're hired. I'm like NOPE. I'll manage my own money.

 

[sailfish]

This is exactly the reason I opted out of the 401k ASAP when I got hired. They automatically enroll everyone at like 5% when they're hired. I'm like NOPE. I'll manage my own money.

I declined the one here too. I said nah, I got my IRA under control.

 

[Yolo]

I only invest in guns chewing tobacco and freedom.

 

[I have been lurking]

Just more right wing propaganda. Don't pay it any attention.

 

[govols019]

Man, it must suck living in constant fear.

 

[sailfish]

Man, it must suck living in constant fear.

I know. I can't imagine being so afraid of this climate change bull that ESG is even a thing.

 

[IVE GOTTA PACKAGE 4U]

I know. I can't imagine be so afraid of this climate change bull that ESG is even a thing.

Actually ESG funds have been around for awhile.

 

[sailfish]

Actually ESG funds have been around for awhile.

And now they want to over your returns for them.

 

[sailfish]

Of course, my only 401K is what was in my Teamsters one so I have no dog in this fight at least.

 

[IVE GOTTA PACKAGE 4U]

And now they want to over your returns for them.

Just as long as you get to choose where you put your money.