Trump's 401(k) Order Expands Access to Alternative Investments

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Source: The New York Times
Trump's 401(k) Order Expands Access to Alternative Investments
Photo: The New York Times
TL;DR

President Trump signed an executive order to encourage the inclusion of alternative assets like cryptocurrencies, private equity, and real estate in 401(k) retirement plans, prompting a re-evaluation of guidelines by the Labor Department. While this signals a shift towards more diverse investment options, experts caution that fiduciaries will proceed carefully due to legal and prudence considerations, especially given the opaque nature of some assets like private equity and crypto.

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