- His disclosures, both from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.
- No book deals or speaking fees or crypto or racehorse interests.
- Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor’s mansion, for below the $315k asking price).
I’m shocked he doesn’t have an IRA (unless that doesn’t count). Given his previous jobs, it passes the smell test that he doesn’t have a 401k.
I’m sure his pensions are invested in a wide range of stocks and bonds, but he doesn’t directly hold them.
And pension funds are generally invested broadly enough that the only way a politician could “game” them is to just improve the economy as a whole. Which is like, one of the main things people want their elected officials to do.
Military/feds have TSP, it’s essentially a 401k.
If he was 20+ years military reserve he’s got a lot in there. I think he started in 1981 tho. And I’m not 100% sure how long tsp has been happening
He was in the Army National Guard, so would have received those benefits when activated, which he was for short periods aside from normal training requirements, but wouldn’t have as much as you’d think since he only was paid when training or activated. Also, contributions for uniformed service members began in 2001. Also also, it’s optional.
Introduced in the late 90’s if I recall correctly. He should the the older pension that guaranteed income.