Labor Department Aims to Make Alternative Investments More Accessible in 401(k) Plans
The Trump administration has put forward new rules that would make it easier for 401(k) retirement plans to include alternative assets like virtual currencies, real estate, and private market investments. The Department of Labor (DOL) announced these rules aimed at expanding investment options for 401(k) plans after President Trump signed an executive order last August […]
Trump administration suggests allowing private equity and cryptocurrency in 401(k) plans.
New Proposed Rules for Retirement Plans The Trump administration revealed plans on Monday that would permit retirement accounts to incorporate alternative investments, like private equity and cryptocurrencies, into their options. This move impacts 401(k) accounts directly. The Department of Labor’s regulations are designed to dismantle long-standing obstacles that have kept alternative assets out of retirement […]
Proposal for alternative asset rule for 401(k) plans by the Labor Department
Department of Labor Proposes New Rule for 401(k) Plans The Department of Labor announced on Monday a proposal aimed at making it easier to add alternative assets like cryptocurrencies, real estate, and private market investments into 401(k) plans. This move follows an executive order from President Donald Trump in August, which instructed the Department of […]
Roth 401(k) Accounts No Longer Necessitate RMDs — How This Affects Your Approach
Roth 401(k) Plans Are Growing in Popularity It wasn’t too long ago that locating a Roth 401(k) might have felt like searching for a needle in a haystack. Nowadays, though, many employer-sponsored 401(k) plans are incorporating these Roth saving options. And honestly, Roth 401(k)s are looking much more appealing than they used to. Previously, one […]
Trump suggests new retirement options for employees lacking 401(k) plans.
In his State of the Union address on Tuesday night, President Trump promised to provide private sector workers, especially those without employer-sponsored retirement plans, access to new accounts that would enjoy the same tax benefits as those available to federal employees. “My administration will give America’s often overlooked workers, the folks who laid the groundwork […]
How AI Might Harm Your 401(k)
Artificial Intelligence: Boom, Bubble, or Bust? So, what’s the deal with artificial intelligence? It’s likely a combination of all three: boom, bubble, and bust. And as exciting as that sounds, it also means that investment risks are on the rise. This increase urges many retirees or those close to retirement to reassess their financial strategies. […]
The designer of Trump’s universal 401(k) explains why low-income individuals are skeptical about retirement accounts: ‘They want to know what the catch is.’
As costs continue to climb, and with one of the two Social Security trust funds expected to run out by 2032, many Americans are finding it tough to envision a secure retirement. The Trump administration aims to address this issue. In his State of the Union address on Tuesday, President Trump unveiled a proposal to […]
Would You Prefer to Retire With a Million-Dollar House or $1M in Your 401(k)?
Important points A 401(k) provides liquidity, flexibility, and potentially higher returns, making it a favored choice among financial planners. Owning a home can eliminate monthly rent or mortgage payments, though it does come with ongoing expenses such as taxes and maintenance. Would you prefer a home worth $1 million or a 401(k) with that same […]
Is it unwise? I have $108K in my 401(k) and plan to retire by the end of this year. What should I do next?
I’m retiring at the end of this year and have about $108,000 in my 401(k) that I need to move. How can I find information on how to move this money? Is it a bad idea to hire a financial advisor for just this task? Or should I consider hiring one to look at my […]
Changes to the 401k catch-up rules for high earners starting in 2026 are explained.
The IRS is set to implement new rules that will change how Americans can make retroactive contributions to their workplace retirement accounts, starting in early 2026. This shift could really influence how people approach retirement planning and budgeting. The updates, stemming from the SECURE 2.0 Act of 2022, will particularly affect individuals aged 50 and […]