Trump signs order easing retirement fund investment in alternative assets
Updated
Updated · The Washington Post · May 1
Trump signs order easing retirement fund investment in alternative assets
9 articles · Updated · The Washington Post · May 1
The move targets assets including private equity and cryptocurrencies and was signed on Thursday as part of a broader push to boost US household saving and investing.
It follows last year's Republican tax law, which created "Trump accounts" for newborns, adding another administration-backed savings vehicle or incentive.
The latest report frames the order as support for wider participation in investing, while arguing a simpler universal savings-account system would work better than multiple account types.
Will the new 'Trump Accounts' for newborns effectively build wealth for all children, or will they primarily benefit the well-off?
As 401(k)s open to crypto and private equity, will potential returns outweigh the higher risks and fees for average retirement savers?