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A comment on Swedish pension giant loses $1.1 billion from US banks’ collapse. Parent comment

Re:Swedish pension giant loses $1.1 billion from US banks’ c... by Arainach on Monday March 13, 2023 @03:41PM (#35141318)
Retirement accounts are not intended as general purpose investment vehicles. If everyone could put their 401k/pension in anything, you would see a lot more people getting scammed and gambling on the latest GameStop internet mania. If folks want to invest like that, get a brokerage account. If you want tax-advantaged retirement planning, being limited to less risky things is the tradeoff you make.
[ Parent | on HN ]
Re:Swedish pension giant loses $1.1 billion from US banks’ c... by lotsofpulp on Monday March 13, 2023 @03:50PM (#35141453)
There is no reason Fidelity/Schwab/Vanguard/etc could not restrict accounts to certain investment options just like 401k are.

Also, IRAs already exist. No reason for an employer to be in the middle.

[ Parent | on HN ]