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2 days ago

Labor Department's proposal is a 'huge step' for your 401(k), BlackRock's Nefouse says

A proposed Department of Labor rule could significantly expand what Americans are able to hold inside their retirement accounts, potentially opening the door to assets like cryptocurrency, real estate and private markets.BlackRock Global Head of Retirement Solutions Nick Nefouse described the rule as "a huge step forward for the 401(k) market" while discussing what the change could mean for everyday investors during his appearance on "Varney & Co." Tuesday."The proposed regulation explains the steps that managers of 401(k) plans should take when considering alternative assets as a componen...