Trump to Let People Invest 401(k) Accounts in Private Equity

WSJ reports:

President Trump is expected to sign an executive order in the coming days designed to help make private-market investments more available to U.S. retirement plans, according to people familiar with the matter.

The order would instruct the Labor Department and the Securities and Exchange Commission to provide guidance to employers and plan administrators on including investments like private assets in 401(k) plans, the people said.

It makes sense to offer the same investment opportunities to mom and pop 401(k) investors that institutional funds have been using to beat public markets in recent years.  Say hello to higher returns on your retirement accounts.

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