The new omnibus bill makes the biggest federal changes to retirement savings since the 1980s.

Good news and bad.  The Good: It does relax requirements for workers to access their money and reduces the excise taxes on those who don’t follow the federal formula.

The bad: it forces employers in ALL states to do what many blue states already require: employers must automatically enroll new workers in their 401k plans.  Even an employer with as few as 11 employees will be shouldering the administrative burden.

Will this ultimately put, still more over, our economy under the ESG-investing umbrella?

And whatever happened to the freedom to choose?

Two thumbs down on this one.