401(k) Industry Pulls a Fast One

Secure 2.0. Bi-partisan.

Sounds so warm and fuzzy and, well, secure.

Make sure you still have your ring after you shake hands with these guys.

https://www.politico.com/news/2024/04/13/how-your-401k-ate-the-federal-budget-00150319

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Add to this previous “reforms” that made it officially legal for “JCs” to automatically sign up employees for the 401, and start taking their money, then the attempt to start a government 401, to start taking people’s money, then, when the stack was large enough to make the skim interesting, hand the stack over to the “JCs”.

Add in Medicare parts C and D, specifically designed to pass Medicare money through for-profit hands for skimming.

As many here have said before, it’s all about the skim.

Steve

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