On 1 April – the date is appropriate if it is called ALL Fool’s Day – the WGAS changed our 401k plans from TIAA/CREF to the more personal and endearing sounding Diversified Investment Advisors.
I am guessing the reasons:
TIAA stands for Teachers Insurance and Annuity Association
CREF is College Retirement Equities Fund
I think the guilt of not even trying to life up to either teaching or college on the part of the WGAS warranted the change as the new name fund managers name better fits the philosophy of an institution where everything is being outsourced.
Looking through the choice of funds, I find that no longer have the choice of trying to assuage my guilt by placing funds in a socially responsible mutual fund – one that stays away from guns, tobacco, champions sustainability etc. – and must help out the arms race if I have any hope of retiring.
How ironic that the socially aware artists/professors, who rally against globalisation and exploitation – although no one seems bothered that the cost to attend is so prohibitive that the working class is more or less excluded – have no problem forgetting that when it comes to their future well being.
Science and Art
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The teaching of the sciences and the arts needs to be conjoined and
sustained from the earliest stages of education. In the Foreward to
Platinotype my frie...
6 months ago
1 comment:
I was reading an article while in-cubicle yesterday about how many lenders are eschewing loaning to students under the federal public loan programs; this is supposed to be part of the credit crunch. It makes it one more hurdle more difficult to get money for an education (one can, it seems, still try for private loans, with the exorbidant interest rates, etc).
I haven't tried to secure loans for the fall yet, but maybe making up my mind whether or not to go to the NSSR will turn out to be relatively simple!
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