As UP recommended last year in the HOTLINE, the Trump administration has now officially proposed allowing retirement plans to diversify beyond publicly traded securities to invest in private equity, venture capital, and other alternative assets – without getting sued by predatory trial lawyers.

These asset classes have long been favored by major institutional investors because they offer high returns, but have been inaccessible to most Americans. Now they may become available to 90 million Americans with 401(k) accounts and that means higher retirement income.