President Joe Biden used his veto power on Monday to block a bipartisan action from Congress that would have prevented pension fund managers from investing retirees’ money according to environmental and social-justice criteria. “There is extensive evidence showing that environmental, social, and governance factors can have a material impact on markets, industries, and businesses,” Biden…
Bank Failures Highlight Risks of Using ESG in Americans’ Pension Funds
March 22, 2023
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Business & MarketsCredit Suisseeconomic policiesenergyERISAESGinflationInvestmentpersonal financeprivate pensionsretirement fundsSan Francisco Federal Reserve BankSVB CollapseThe Federal ReserveUSUS interest rates
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When Government Plays With Politics of Envy, the People Lose
Commentary Envy. It’s one of the seven deadly sins according to the Christian faith. Irrespective of one’s faith, most of us, if not all, would be agreed that envy is a destructive sentiment. It corrodes and divides. Being resentful about another person’s success or good fortune doesn’t improve one’s lot in life. Class warfare, destructive…
The French Pension War
Commentary When a million people protest on the streets of Paris and most major French cities, you know there is a serious problem in French society. The protests, which had been going on for four days, culminated on Feb. 11 in Paris, where reportedly half a million people participated. The vitriol directed at the president…
SEC Warns Against Including Crypto Assets in Retirement Accounts
February 9, 2023
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Business & Marketscrypto assetscrypto exchangecrypto regulationscryptocurrencyeconomic policieseconomyMarketsretirement fundsSEC alertUSUS News
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The U.S. Securities and Exchange Commission (SEC) has warned Americans over the risk of including assets like cryptocurrencies in their self-directed individual retirement accounts (IRAs) as well as unregulated trading platforms posing as exchanges. Some self-directed IRAs offer investment in crypto assets like tokens, coins, and virtual currencies. Such assets “may be securities that are…
7 Signs You Could Be Spending More of Your Retirement Money
Are you nearing or in retirement and feeling like you could be spending your money a bit more freely? You’re not alone. Many people think they can spend freely in their golden years, especially when they see the size of their nest egg growing more and more every day. But can you really spend more…
Weighing the Options When It Comes to Borrowing From Your 401(k)
Financial hardships happen, and can be experienced by anyone. Unexpected layoffs, putting kids through school, and the changes caused by COVID-19 to name a few. Regardless of the reason, when money is needed, there is no shortage of options available for obtaining emergency funds. Borrowing from a retirement fund, specifically a 401(k), is an option…
7 Tips to Help Boost Your Retirement Funds
The notion of retirement is a lot like the idea of driving a motorhome from coast to coast. At the beginning of your career journey, your goal of retirement seems remote and almost theoretical. By the time you arrive at your retirement destination, you’re surprised and delighted—but may wonder: “What happens now?” How do you…
4 Types of 401(k)
So a 401(k) is a retirement fund available through an employer. The employer makes your contributions for you, and may offer to match some of your additional contributions. But there are a number of different kinds of 401(k) plan. Traditional 401(k) The traditional 401(k) takes advantage of a loophole in the law. It allows people…
Arizona Man Sentenced for Scamming Millions From the Elderly
An Arizona man was sentenced to serve 16 years in jail for scamming millions of dollars from the elderly, officials announced in a Monday press release. Kent Maerki, 78, misrepresented two companies he founded while on the radio, including in a presentation of a “wireless spectrum he called ‘Money From Thin Air’” and in other…
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