President Trump signed an executive order instructing the Department of Labor to reevaluate guidance for employers on incorporating assets like private credit, real estate and crypto into retirement plans.

Why it matters: Private credit is golden child of Wall Street, promising diversification and potentially enormous returns compared to the stock market. But the catch is in the name: private. • These opaque, illiquid investments could pose risks for everyday investors, especially those betting their retirement savings.

Catch up quick: Private credit lets investors gain exposure to private companies by lending them money instead of buying their stock. • If you're a company that needs cash, you might turn to nonbank lenders. That's what private credit is. It's high risk, high reward,

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