Trump opens the door for private equity in retirement plans
Summary
President Trump signed an executive order allowing 401(k) fund managers to invest in private equity as part of retirement plans. This change means that retirement funds could include investments in private companies not publicly traded on the stock exchange.Key Facts
- President Trump signed an executive order on retirement plans.
- The order allows 401(k) fund managers to invest in private equity.
- Private equity involves investing in private companies, not on the stock exchange.
- This could change how retirement funds grow and diversify.
- The change affects 401(k) retirement portfolios.
- It opens new investment possibilities for retirement fund managers.
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