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With the decline of pensions the value of 401ks was that they were pretty restricted places to save for retirement for most folks. Your ability to go hog wild
by duxup 1y ago
With the decline of pensions the value of 401ks was that they were pretty restricted places to save for retirement for most folks. Your ability to go hog wild and speculate was to some extent limited / less convenient.
That is a net positive as having people save for retirement and ready for retirement takes pressure off the state to support them.
Having the 401k slowly become just a rando account that can hold anything, including a lot of things whose value can swing to 0 is a TERRIBLE idea.
Unless say you're the POTUS and you have an investment in crypto and you want everyone to "pump your bags" and you don't care about what happens to everyone else.
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- toomuchtodo 1y agoPrivate Equity’s Latest Financial Alchemy Is Worrying Investors - https://news.ycombinator.com/item?id=44891882 https://news.ycombinator.com/item?id=44891882 - August 2025