Posted on 12/01/2022 5:46:28 PM PST by bitt
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[CKE Restaurants]
I was thinking they owned Hardee’s or Burger King at one time.
Now I gotta go look.
The left has been looking for a way to raid retirement accounts since Obama’s first term. It’s coming. Inflation is the first step.
ESG = Corporate Fiduciary Negligence
Lawsuits need to be filed.
Couldn’t you just convert it to a simple IRA?
Hardees!
CKE Restaurants Holdings (an acronym from Carl Karcher Enterprises) is an American fast food corporation and is the parent organization for the Carl’s Jr., Hardee’s, Green Burrito, and Red Burrito brands.[4][5] CKE Restaurants is a subsidiary of the private equity firm, Roark Capital Group, and is headquartered in Franklin, Tennessee.[6]
https://en.wikipedia.org/wiki/CKE_Restaurants
Burger King, at at least at one time was owned by a French company. Maybe they still are.
They would like to take your 401K and in return give you some low coupon rate government bonds, say 2 or 3% return, and then they will default on the bonds and then you have nothing.
Memory refresher on this lying POS:
“The number of issues plaguing the fast-food executive could fill an opposition research book: His ex-wife accused him of abuse on “Oprah” in 1990, he was tutored by a mob lawyer and recently admitted to failing to pay taxes on the undocumented immigrant he employed.”
go woke go broke for everyone
its the fund managers not the type of retirement account you have to be wary of
Yes you can.
However they may be eyeing all kinds of retirement accounts, not just 401k’s.
Further if you are working and the 401k is set up as part of work, you may not be able to do everything as clean as jut a simple rollover to an IRA and ending the 401k.
any mention of esg should be an automatic run dont walk situation
i would even go further and say the fund manager should disavow esg
You can select an ESG fund if you like - it’s an option. Nearly every 401K will continue to offer the S&P 500 and other regular funds.
I already cashed out my 401k before the government could lay their filthy stinking hands on it.
“Couldn’t you just convert it to a simple IRA?” I think so.
I move my funds into a stable value fund with a guaranteed interest. Stable value is great for people who are getting close to retirement. I am still up for the year compared to my coworkers who lost over 10%.
Debating on what to do at 59 1/2.
What about IRAs?
“diversity” is the national religion and anyone speaking against it is a heretic. Despite the 1st Amendment protections against a national religion, we have this evil demonic false diety foisted upon us with the full brutal force of the government enforcing it’s worship.
Not while you are still working at the employer/sponsor of the 401(k) plan.
Not all companies offer this and some that do may not let you continue to contribute to the 401k for a period of time. So you should check your company's policy before making any moves.
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