Many employers offer to match the employee’s contribution to their retirement fund up to a certain amount, but the employer gets to pick which funds are available. Anyone can open their own IRA (retirement fund) but they won’t get that employer match.
Sorry, it’s the same as you’re describing. The employer doesn’t decide which funds are available, the bank does. I’m thinking back to my last job and there were only about 10 funds to choose from, but I couldn’t tell you who was responsible for limiting the options. The bank might have offered a “retirement benefits package” to the employer to simplify things. Not sure.
The only option I have is to shift into international markets and even that isn’t too much of a shield as many of those have US allocations that will be buying SpaceX
No idea how US pensions work… But can’t you change the funds?
I sold the default fund and moved it into non US stuff.
Many employers offer to match the employee’s contribution to their retirement fund up to a certain amount, but the employer gets to pick which funds are available. Anyone can open their own IRA (retirement fund) but they won’t get that employer match.
Why would the employer care which funds are available though?
Here, the employer picks the provider and default fund, but you can change it to anything the provider offers. (Although most don’t)
Sorry, it’s the same as you’re describing. The employer doesn’t decide which funds are available, the bank does. I’m thinking back to my last job and there were only about 10 funds to choose from, but I couldn’t tell you who was responsible for limiting the options. The bank might have offered a “retirement benefits package” to the employer to simplify things. Not sure.
The only option I have is to shift into international markets and even that isn’t too much of a shield as many of those have US allocations that will be buying SpaceX
Oh god damn it.
If only you could change the currency it’s held in. I have little faith the dollar will be accepted by anyone when I’m retirement age.