Your 401(k) Is Billionaires’ Next Bailout Scheme
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The Dark Side of Private Equity
This chapter reveals the risks and hidden costs associated with private equity investments in pension funds, highlighting conflicts of interest and the often opaque nature of asset valuations. It underscores the substantial financial losses and fees associated with these investments, contrasting their performance against traditional options like index funds. The discussion also raises concerns about the future of retirement savings as private equity seeks access to 401(k) plans, questioning the true beneficiaries of such investments.
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