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69 sats \ 1 reply \ @Signal312 OP 2h \ parent \ on: Vanguard finally does what all the other brokerage firms have been doing econ
I think that's what pension funds do...manage the account for the beneficiaries, who themselves don't have any individual control over the funds.
I remember there was a podcast called Blue Collar Bitcoin. Two firefighters that were into bitcoin, and one of their big goals was to get the firefighters pension fund to buy bitcoin.
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0 sats \ 0 replies \ @Undisciplined 2h
Traditionally, that's right, but it's become a more broadly used term.
Some defined contribution plans that allow personal control over allocations are also referred to as pensions.
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