05-14-2021, 03:12 PM
(05-14-2021, 02:29 PM)MrPosadas Wrote: Yeah, Delta allows you to move up to 95% of all 401K contributions to a Brokerage 401K account with Fidelity. I think there is a federal regulation that stipulates the same investment options have to be given to all employees, and the pilot union at Delta pressed hard years ago to have the brokerage account available, so it was also given to the entire employee base.
Most people who put money into the brokerage account have financial advisors to guide them but there were some colleagues who were playing in 3x leverage stocks on their own and lost their shorts, and their retirement. I personally haven’t taken much risk with my 401K account as it represents the bulk of my retirement funds.
I can't believe anyone in this day and age would mess around with 3x leveraged funds. Crazy.
(Whistles innocently)
