US President Donald Trump is preparing to sign an executive order this Thursday that could shake up how Americans invest for retirement. The move would allow 401(k) plans to include a wider range of assets — like private equity, real estate, and yes, even cryptocurrency.
The order, as reported by Bloomberg News , tells the Labor Department to take another look at the current rules under ERISA — that’s the Employee Retirement Income Security Act — and figure out how to give retirement plan administrators more room to include less traditional, higher-risk investments.
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Labor Secretary Lori Chavez-DeRemer has been tasked with working alongside the Treasury, the Securities and Exchange Commission, and other federal agencies to make this happen. The main go