3 ms·
They should remove the ability to invest self-directed IRAs into options. This socializes the risk (i.e. someone with little or no supplementary retirement inc
by gbronner 5y ago
They should remove the ability to invest self-directed IRAs into options. This socializes the risk (i.e. someone with little or no supplementary retirement income is going to be a burden on the rest of us) while privatizing the gains.
- tomrod 5y agoHow?
- sokoloff 5y agoIn any environment where most people have nearly indistinguishable from $0 in their private retirement accounts, I don't see the risk of someone blowing up their IRA being a material socialized risk. 1 in 4 Americans have no retirement savings: https://news.yahoo.com/1-4-americans-no-retirement-191314425.html https://news.yahoo.com/1-4-americans-no-retirement-191314425... (same study: 1 in 8 over 60 have $0.)
- SilasX 5y agoRelated, I joked that a friend of mine was having a "first world problems" moment when he complained that his broker wouldn't let him short-sell GME in his IRA.