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Festivito

(13,920 posts)
10. Is it hard to make money emptying a retirement fund?
Fri May 22, 2026, 10:36 AM
6 hrs ago

A once diversified portfolio becomes a retirement fund solely in the same company's stock.

The new chief officers are paid high salaries.

Some internal offices are consolidated and now overworked. Saves money though.

The new officers walk away before things implode. They walk away with a better diversified portfolio in their name. And the salaries they collected.

The company goes bankrupt and the retirement funds are gone. The United States government uses tax dollars to give the retirees. A minimal payout.

The banks write off the losses on their taxes. Thus increasing burden on taxpayers.

Hard to make money? Hardly!

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