[andsoitis]

That’s an indictment on them. You should know where you’re putting your money and why. If you delegate this to a professional or influencer, you do not get to blame them. After all, you could just buy something you think you understand better like real estate or keep it in cash.

[StilesCrisis]

You don't get much of a say in how your retirement fund is invested.

[kelnos]

How true is that these days? Sure, old-school pension funds are managed without any input from the future pensioners, but most 401ks (and similar) these days have a variety of investment options that the employee can choose from. Yes, there are some that have extremely limited options, but I'm not sure how common those are.

And once you've left the company and roll those 401ks over into IRAs, you can put them at whatever financial institution you want, many of which have more or less unlimited flexibility (within legality) with regard to what you can invest in.

Now, I know many employees just sort of adopt an "autopilot" attitude and don't pay much attention to their retirement account investments, but that's on them for ignoring this stuff. (The lack of general financial literacy, in the US at least, continues to disappoint me.)

So: yes, there are some people who don't have much of a say in how their retirement fund is invested, but my feeling is that those people are a small minority. I do think a large number (perhaps even a majority) of people do have the ability to direct their retirement investments, but either don't know they can do it, or can't be bothered. Again, though, that's on them for not educating themselves and playing a more active role in their financial future.

[Danox]

You can roll it over into such a plan when you’re still working for the company you’re at, but you have to take it upon yourself to do so they don’t volunteer that information. Most of the people in my design department didn’t bother to roll it over to such an account they just kept it in the original account.

[Danox]

You can, but you have to take it upon yourself most of investment companies handling such plans. Don’t like to volunteer that information.

[CamperBob2]

Exactly. If nothing else, you should know who you're supporting.

Many people wouldn't support SpaceX and Tesla if they knew more about Musk. Conversely, some other people who don't know much about him might want to support his companies.