June 27, 2025
Follow the Money – Your Money, Part 3
Is it possible to invest for your future AND achieve a habitable planet? The answer is maybe. You’re going to need to do some research and possibly ask for help.
Let’s assume that you’ve researched your retirement portfolio through www.FossilFreeFunds.org and you want to invest in climate-friendly funds. You might want to call a financial advisor or consult with one that’s offered through your company’s plan. Your company might already offer a fossil-free fund.
If you choose to take a more active role, you can do what journalist Alison Takemura did – use a tethered brokerage account. You open a new account but it’s connected to your company’s 401(k) or 403(b) that is set up for employees. Then you sell some of the fossil funds and put the money in the tethered brokerage account. You pick the fossil free funds that you want to invest in and use the money in your brokerage account to purchase them. As Takemura says, “This is the key to how to divest: sell, get cash, buy.”
Read Takemura’s entire article for a step-by-step guide.
Join the next Climate Action Committee meeting July 2, 7 pm via Zoom. Contact Sarah at ClimateActionCoord@uufsd.org.
Posted by Donna Gerhauser