Trump plan would let 401(k)s include crypto and private equity
TL;DR Summary
The Labor Department proposed expanding 401(k) investment options to include alternative assets such as cryptocurrencies and private equity, broadening access for about 118 million workers but critics warn of higher risk to retirement savings; the rule would be open to public comment before any implementation.
Topics:business#cryptocurrency#economy#government-regulations#labor-department#private-equity#retirement-planning
- Employees could use 401(k)s to invest in crypto, private equity under Trump plan The Washington Post
- US Department of Labor proposes landmark rule to democratize access to alternative investments in 401(k) plans U.S. Department of Labor (.gov)
- 401(k) alternative asset rule proposed by Labor Department CNBC
- Private-Credit Wobbles Could Prove Perilous for Trump The New York Times
- US paves way for private assets to be included in 401(k) retirement plans Reuters
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