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.



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.