Trump Signs Order to Allow Alternative Assets in 401(k) Plans
In a significant move aimed at modernizing retirement investment options, former President Trump has signed an executive order allowing alternative assets, including cryptocurrencies and private equity, to be included in 401(k) retirement plans. This decision has sparked a surge in Bitcoin prices, as investors anticipate a greater influx of digital assets into the retirement savings market. Experts highlight the potential for new growth in U.S. retirement savings, although concerns regarding risks associated with private investments remain. This development comes amid warnings about a retirement income crisis, prompting calls for innovative solutions in retirement planning.
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