A new executive order signed by President Donald Trump will allow retirement accounts to include alternative investments, including cryptocurrency. This could mean employees making elections in their 401(k) could soon see an option for digital currency investments.
“What this may do is allow a plan sponsor to include some of these riskier asset classes in the 401(k),” said Barry Glassman, president of Virginia-based Glassman Wealth Services.
Glassman said with the executive order, the Department of Labor would redefine what asset classes are acceptable.
“In the past, we’ve seen stocks, we’ve seen bonds, U.S. foreign, large cap, small cap, and some alternative strategies, but nothing as different as private equity and cryptocurrency,” he said.
For those unfamiliar with crypto, Glassma