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2 days ago

Trump admin proposes opening 401(k)s to private equity, crypto

The Trump administration on Monday issued a proposed rule to allow retirement plans to offer alternative assets like private equity and cryptocurrencies as part of the investment options in 401(k) accounts.The Labor Department's rule aims to ease longstanding barriers to incorporating alternative assets into retirement plans and follows an executive order signed by President Donald Trump last summer on the subject.Advocates for the rule change argue that including alternative assets in 401(k) plans can help foster better long-term returns and make diversification easier. Skeptics note that alt...

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2 days ago
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