I agree with most of your points, but I don’t think it’s that black and white. That said, I don’t use a 401k because it isn’t the only option, so I still have a place to put money for retirement that I manage. I see it being similar to avoiding Amazon and voting with your wallet.
I mean yeah, if you have the investment know-how and the time to dedicate to that, you can use a self-managed retirement fund and potentially do better than you would with a 401k. But not everyone has the time or expertise to do that.
I don’t know if there are retirement accounts that solely invest in certified B-corps or with minimum ESG standards, but if so that might be an option. Those just tend not to grow as aggressively so people tend to overlook them.
I agree with most of your points, but I don’t think it’s that black and white. That said, I don’t use a 401k because it isn’t the only option, so I still have a place to put money for retirement that I manage. I see it being similar to avoiding Amazon and voting with your wallet.
I mean yeah, if you have the investment know-how and the time to dedicate to that, you can use a self-managed retirement fund and potentially do better than you would with a 401k. But not everyone has the time or expertise to do that.
I don’t know if there are retirement accounts that solely invest in certified B-corps or with minimum ESG standards, but if so that might be an option. Those just tend not to grow as aggressively so people tend to overlook them.