@Cynthia_Holt
20m·
Get out of 401k - You are paying for your own demise.
Biden OVERTURNS Trump rule and tells 401k investors to prioritize green investments over profit - despite plans already losing $34,000 on average this year
The Biden administration will allow employers to invest pension money in green industries that could provide lower returns for Americans.
The move, which was announced on Tuesday, reverses a rule imposed by Trump in 2020 that forced employers to prioritize profit when making 401(k) investments.
The new rule, brought about by Biden, will come into effect in 60 days.
Republicans have been opposed to the growing popularity of ESG investing - many argue the concept goes against the main purpose of investing, which is to maximize returns.
www.dailymail.co.uk
20m·
Get out of 401k - You are paying for your own demise.
Biden OVERTURNS Trump rule and tells 401k investors to prioritize green investments over profit - despite plans already losing $34,000 on average this year
The Biden administration will allow employers to invest pension money in green industries that could provide lower returns for Americans.
The move, which was announced on Tuesday, reverses a rule imposed by Trump in 2020 that forced employers to prioritize profit when making 401(k) investments.
The new rule, brought about by Biden, will come into effect in 60 days.
Republicans have been opposed to the growing popularity of ESG investing - many argue the concept goes against the main purpose of investing, which is to maximize returns.
Biden to allow employers to consider green investments in 401ks
The Biden administration will allow employers to invest pension money in green industries that could provide lower returns for Americans.
