Tag: high fees
The Department of Labor should revisit its June 3, 2020 letter. It’s always embarrassing to learn stuff about U.S. retirement policy from foreign correspondents, but that happens sometimes. Apparently on June 3, 2020, the U.S. Department of Labor (DOL) issued an information letter opening up the opportunity for private equity investments in 401(k) plans. T…
This change would do nothing but siphon money from workers to Wall Street. Before describing the proposed legislation, let me be clear. I think that climate change is a serious issue and would be happy to pay more in taxes to discourage carbon emissions, to undertake major investments in energy R&D, and to enable t…