My wife forwarded me an op-ed piece, criticizing the Biden administration rule change on ESG investments in 401(k) plans. Obviously, the person writing it doesn\u2019t understand how 401(k) plans work.<\/p>\n
The ESG rule isn\u2019t licensed theft to pursue a woke agenda, whatever that means. Most 401(k) plans are participant-directed, so the ESG rule will merely allow 401(k) plans to add ESG funds to their fund lineup. It will be up to plan participants to decide whether their account balance should be used for a woke agenda.<\/p>\n
I\u2019m not in favor of the ESG rule because I think the main aim is for total return and ESG funds don\u2019t do that. However, I could see nonsense when I read it.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" My wife forwarded me an op-ed piece, criticizing the Biden administration rule change on ESG investments in 401(k) plans. Obviously, the person writing it doesn\u2019t understand how 401(k) plans work. The ESG rule isn\u2019t licensed theft to pursue a woke … Continue reading