Stop Trump From Helping Wall Street Prey On Retirement Funds

Pamela, Private equity takeovers have bankrupted Toys R Us, Red Lobster, Nabisco, and more. Now, they want to get their hands on your retirement accounts. Senator Elizabeth Warren warned that Donald Trump was considering an Executive Action that would encourage Wall Street to gamble our retirement accounts in risky Private Equity schemes. Tell Congress: Stop Trump From Helping Wall Street Prey On Our Retirement Funds! TAKE ACTION Sen. Warren, in a letter co-signed by Bernie Sanders and Chris Murphy, wrote: "We write to you with serious concerns regarding President Trump's Executive Action that pushes risky assets, such as private market funds and cryptocurrencies, into defined-contribution plans. As companies have largely moved away from traditional pension plans, most Americans use defined-contribution plans, such as 401(k)s and 403(b)s, as the primary vehicle to save for retirement. The Executive Order exposes these hard-earned savings to volatile financial instruments, while attempting to rebrand them as 'alternative assets,' although they lack transparency and have exaggerated claims of high returns. This is dangerous and could lead to financial harm for millions of Americans as the cost of groceries, health care, and housing continues to skyrocket." Stand with Bernie and Warren! Protect Retirement from Private Equity! Thank you, Mike Phelan Progress America Paid for by Progress America, a project of Strategy & Hustle   Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Progress America, please click here.