Sustainable investing is growing in popularity, but lagging in 401(k) plans. Traditional funds that include ESG elements are the next best thing.
It's certainly better than nothing, but that doesn't mean we shouldn't start demanding better.
FDR signed the Social Security Act in 1935, and we're still arguing about how it's a basic American value.
Imagine seeing your retirement account balloon to $1.3 million and then crash to $140,000.
Whether you know it or not, your 401(k) is likely being devoured by marketing fees, investment-management fees, administrative fees, and broker commissions—along with trading fees that pass on to you every time a mutual fund buys or sells a security.