Private markets investing in Empower 401k
Hi Terry, I am 68 years old and I have a few hundred thousand dollars in a 401k. I was reading about these private investors being involved with Empower. I’ll send a link. I yanked all my money out of the S&P I was in because I don’t have any idea what this President is going to do, minute by minute and I believe I’m not alone. I was wondering how this private investing will affect my savings and even the future of Empower. https://401kspecialistmag.com/sen-warren-questions-empowers-private-markets-investments-in-retirement-plans-initiative/
Thanks!
Terry Says
Well, I had already written a column about the dangers of “private equity” investments inside 40l(k) plans. That same advice applies to you. Please read this: https://www.terrysavage.com/private-equity-targets-your-40lk/
