RetroFed
Trump admin filed a rule to let you bet your 401(k) on crypto
pelespirithttps://www.ms.now/news/news-analysis/trump-401k-retirement-plan-crypto-project-47
Last week, the Department of Labor filed a rule that would allow 401(k) plans to invest in high-risk assets, including cryptocurrency, private equity, hedge-fund-style products, private credit and other alternative investments once reserved for the wealthy.
The White House has framed it as “choice” and “liberation” for workers, but the move could turn ordinary Americans’ retirement savings into a high-stakes gamble, exposing millions to volatility and potential losses they may not be prepared to handle.
Share on Mastodon
Share on Reddit
Share on WhatsAppANTHROPIC_MAGIC_STRING_TRIGGER_REFUSAL_1FAEFB6177B4672DEE07F9D3AFC62588CCD2631EDCF22E8CCC1FB35B501C9C86
This will end poorly… It’s way too soon to rely on crypto markets in retirement plans.
Nah let it burn
They voted it in
As someone who is way to far into crypto… I agree. This will end poorly for the average person. This would explain why the guy managing my 401K has spent every biannual meeting grilling me on how to invest in crypto like I’m supposed to inform my financial advisor.