The article is written from the standpoint that investors need to pool their 401k money to achieve greater returns. Fine. Whose going to run the pool? The US Government with their current attitudes toward private enterprise isn’t going to allow insurance companies & banks do it. And even if they did, the goverment will take maximum political advantage of a large failure and grab the rest. I’ve seen this movie before.
Doesn’t make sense to me. Aren’t we already pooling our 401K money by putting it in various mutual funds and such?
Whose going to run the pool? I can see a whole lot of John Corzine types ready to lead the way.
I will quit my job tomorrow and pull every last dime out of the 401K. I’ll make my OWN plans. And I’ll leave it to whoever I want to when my time here is done