#076: Should we have 401(k)s on this side of Eden?

The crew wonders aloud whether they should have 401(k)s. (Full disclosure: They all have one or some variation thereof!) They wrestle with the principle of saving, profiting off of suspect companies, and how to invest in real relationships rather than just a healthy return. Are 401(k)s a legitimate way to make money, or is it some form of (black) magic that's too good to be true? The Edenic armchair philosopher-economists might just be left scratching their heads.

SHOW HIGHLIGHTS

• What is a 401(k) and how does it work?
• What does it mean to "save for your vocation"?
• Are there any virtues to investing locally?
• Do the U.S. Bishops think we should invest and expect a return?
• If I don't invest in Amazon, do I also have to give up my Prime membership?
• What does JPII have to say about profit?
• And how did Noah get fresh and saltwater fish on the ark???

LINKS

• What is a 401(k) and How Does it Work?
• The Ant and the Grasshopper - Aesop's Fables
• USCCB Socially Responsible Investment Guidelines
• Centesimus Annus by Pope St. John Paul II
• New Polity: Money
• Music credit: Boys are Back in Town by Thin Lizzy

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