Team Biden’s 401(k) heist could raid your retirement for a woke agenda (msn.com)

"Biden’s doing an end run around democracy, trying to change corporate America without having to pass laws in Congress. Companies need investment capital. The more 401(k) money is controlled by ESG funds, the more pressure can be put on companies to adopt the ESG agenda — climate change, diversity and unionization — whether they like it or not. Biden’s buddies on Wall Street will do the financial arm-twisting."

"President Joe Biden is threatening the returns of 401(k) savings accounts, risking millions of workers’ comfortable retirements.

If you put money into a 401(k), beware. Until now, the law always required fund managers entrusted with your savings to invest the money where it’s expected to get the top profit for you. Period. But late last month, Biden’s Labor Department announced a rule change that goes into effect at the end of January. It will allow fund managers to invest your money in the stocks of companies that favor left-wing policies, even if they earn a lower return."

Speaking only for myself, I have lost enough 401k money over the last two years without having my retirement gutted by investments being targeted towards ESG garbage.