In search of an ethical 401k

Outside/In

NHPR

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4.8 • 1.4K Ratings

🗓️ 21 March 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The SEC is trying to make sustainable investing easier. But can you save for retirement in a way that’s both good for the planet… and good for your pocketbook?

Transcript

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0:00.0	I hate to break it to you buddy but we are both fast approaching middle age.
0:07.0	How are you feeling these days? Do you have any like new pains?
0:10.0	My lower back is always hurting me and anytime I try to take up any new hobby
0:16.2	it's like I immediately get injured so I'm starting to try to take up Tai Chi and
0:21.7	pickleball. Pickleball, really?
0:24.0	I'm leaning into my later decades of life. Another thing that worries me as we're getting older is retirement.
0:39.2	I do not have a lot saved.
0:41.6	How are you doing on that front?
0:43.0	Felix. I mean I kind of ignored it completely during my 20s and 30s.
0:47.0	I'm in the same boat, like I online to take a look at my retirement portfolio and I was
1:00.3	surprised at the sheer number of companies that an HPR's retirement firm had invested my money in.
1:07.0	I have dollars in Hennessy?
1:10.0	Hennessy? Hennessy? What?
1:11.0	Costco?
1:12.0	Cosco? I guess these are things like that are like in your everyday life that you don't really think about as being on the stock market. Right, including gasoline because I have money invested in some of the biggest polluters in the world.
1:24.4	ExxonMobil, Chevron.
1:26.6	Do you notice that when you looked at yours?
1:28.0	I just assumed that I'm funding fossil fuel companies.
1:33.0	Right, because that's the way retirement works.
1:35.0	Our money is spread out over hundreds of different bonds and companies on the stock market.
1:40.0	History says that's the safest way to build our savings and make sure we don't run out of cash after we stop working.
1:47.5	But it's also kind of weird, right?
	...

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