Charles Schwab

I’m thinking of moving my money away from Charles Schwab, due to their support of the Alliance for Worker Retirement Security, which in spite of its Orwellian name is a group that lobbies for Social Security privatization.  Can anyone recommend a brokerage firm that has low fees, decent service, and isn’t involved with any such groups?

Matthew Yglesias argues that the withdrawal of the Financial Services Forum from a related lobbying group is "probably the most important Social Security development of the day."  Unions have been putting a lot of pressure on these firms — by organizing pickets and letter writing campaigns, but also by threatening to pull their pension accounts.

3 Responses to “Charles Schwab”

  1. The Zero Boss Says:

    Elizabeth, why do you oppose private accounts? No plan on the table will kill social security. The plans will only give Americans more options.
    As a financially-savvy American, why shouldn’t I have the right to opt-in to a program where part of my SSI goes to a S&P 500 index fund, rather than into the SS bucket?

  2. Eve Says:

    I don’t know where you should take your money – but I support you in doing so.

  3. Michelle Says:

    I like low cost index funds, like Vanguard. I follow the approach of the Coffee House Investor (see Best of luck.

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