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Wall Street Wants to Change the Rules for Your 401(k). It Could Put Your Retirement at Risk. (www.propublica.org)
submitted 2 months ago by to c/personalfinance@lemmy.ml
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[–] 33 points 2 months ago (1 child)

That's why they want the change. If you lose the money in your 401(k), it is not gone. It's just that someone else has it. If you retire in poverty, someone else has an additional Ferrari.

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  • [–] 8 points 2 months ago

    That’s an over-simplification of the mechanics of wealth transfer, but yes, wealth transfer is their goal here, and they know what they’re doing, so it will work if they get their way, which they may given how captured our government is by the Epstein class.

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