Hacker News new | ask | show | jobs
by lotsofpulp 1459 days ago
401k owners, IRA owners, and taxpayers via defined benefit pension funds want to pay for the management that maximizes returns.
1 comments

Convenient that forces have aligned to make people dependent on 401K and IRA by taking away all other profitable money stores. Why play with only rich peoples' money when you can force everybody to be exposed to a market you take a cut from.