FILE - A traders works on the floor at the New York Stock Exchange in New York, Nov. 10, 2022. A section of the $1.7 trillion spending bill passed Friday has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers. But the real windfall may go to a far more secure group: the financial services industry. has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers.
“Some of these provisions are good and we want to help people who want to save — but this is a huge boon to the financial services industry," says Monique Morrissey an economist at the liberal Economic Policy Institute in Washington. Some parts of the bill, she says, are “disguised as savings incentives.”
A representative from Blackrock declined to comment and Pacific Life, the Business Roundtable and American Council of Life Insurers did not respond to Associated Press requests for comment. The disclosure forms require only minimal information about the outcome the lobbyists sought.
My retirement account was needed to pay my medical co-payments. Not much leftover.
It's all about more Control is what it's about. Under the Guise of retirement..
To ensure participation in the stock market casino** 🎰