401K rules-Biden administration

J

Jones

fILE A GRIEVE!
Staff member
ManInBrown said:
What’s the proper wording to call up Empower and make sure I’m not in anything that’s going to be wrapped up in this tweak of the 401K rules? I don’t want my money to have anything to do with this complete and utter BS

nypost.com

Team Biden’s 401(k) heist could raid your retirement for a woke agenda

The future earnings on your retirement nest egg are being sacrificed to advance a woke agenda.
nypost.com nypost.com
Click to expand...
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.
 
M

ManInBrown

Well-Known Member
Jones said:
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.
Click to expand...
What about the S&P 400 and 500 thru Empower? That’s what the majority of my contributions go to.
 
J

Jones

fILE A GRIEVE!
Staff member
ManInBrown said:
What about the S&P 400 and 500 thru Empower? That’s what the majority of my contributions go to.
Click to expand...
Those are index funds:

What is the Fund's Goal?
The Fund seeks to track the performance of the
Standard & Poor’s MidCap 400 ® Index.

What is the Fund's Investment Strategy?
To pursue its goal, the Fund invests in all 400 mid-
capitalization stocks in the S&P MidCap 400 Index
in proportion to their weighting in the Index. The
strategy of investing in the same stocks as the
Index minimizes the need for trading and therefore
may reduce certain expenses. Derivatives (i.e.,
financial futures) may be used to gain exposure, to
provide liquidity for cash flows, to equitize dividend
accruals, or for other purposes that facilitate
meeting the Fund’s objective

What is the Fund's Goal?
The Fund seeks to track the performance of the
S&P 500 ® Index.

What is the Fund's Investment Strategy?
To pursue its goal, the Fund invests in all 500 large
capitalization stocks in the S&P 500 Index in
proportion to their weighting in the Index. The
strategy of investing in the same stocks as the
Index minimizes the need for trading and therefore
may reduce expenses. Derivatives (i.e., financial
futures) may be used to gain exposure, to provide
liquidity for cash flows, to equitize dividend
accruals, or for other purposes that facilitate
meeting the Fund’s objective
 
Next Day Error

Next Day Error

X - Other
Lots of hyperventilating and invective in that NY Post article. I'll do more research before I make any changes to my retirement plan. I'd advise others to do the same...
 
Top