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Fiduciary Failure? Lessons From the American Airlines ESG Lawsuit
Manage episode 461477111 series 3585684
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In this episode, Scott and Marc chat about a recent lawsuit filed by an American Airlines pilot, which challenged the integration of ESG criteria into the company’s 401k plans. This opens up a wider discussion about the importance of transparency and fiduciary responsibility in retirement planning.
Listen in as Scott explains the difference between fiduciary and suitability standards and why understanding this could help you make more informed investment choices. Tune in for practical insights on how to get the most out of your 401(k) plan, whether you're a pilot or not!
Here’s some of what we discuss in this episode:
0:00 – Intro
0:39 – Overview of ESG
2:26 – Fiduciary duty vs suitability standards
3:38 – American Airlines lawsuit
5:52 – Understanding and optimizing your 401(k) plan
Lawsuit Article
https://finance.yahoo.com/news/american-airlines-focus-esg-401-183725452.html
Resources:
Schedule A Call with Scott: http://callosborn.com/
Scott's Book, A Pilot's Guide To Maximizing Wealth & Cashflow In Retirement: https://amzn.to/3xSn1ii
The Pilot's Planner Website: https://thepilotsplanner.com/
Watch the podcast on YouTube! https://www.youtube.com/@ThePilotsPlanner
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