Trump Executive Order to Help Open Up 401(k)s to Private Markets

[Kid Berwyn]

The post my retirement has been waiting for!



Trump Executive Order to Help Open Up 401(k)s to Private Markets

by Miriam Gottfried, Dylan Tokar, Matt Wirz

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.

The details of the order aren’t yet final and are still subject to review, the people said.

An order could help pave the way for big managers of private assets such as Apollo Global Management and Blackstone to access the vast sums of retirement savings held by workers who don’t have a traditional pension. Institutional investors such as pension funds have largely maxed out on private markets, leading firms to look to individual investors for new sources of growth.

In theory, retirement plan sponsors can already put some of their investments in private funds and some already do in small quantities. But many companies remain concerned they would be sued by their employees over the higher fees associated with private-market investment products.

Continues…

https://www.msn.com/en-us/money/markets/trump-executive-order-to-help-open-up-401-k-s-to-private-markets/ar-AA1IFFDr

[Silent Type]

1. OK with people voluntarily selecting "trump endorsed" investments in their 401Ks, if they are stupid enough to do so.

[Kid Berwyn]

2. Great suggestion!

Going by the way Unstable Moron operates, we may not be given the option. He doesn’t claim to own, he just takes what’s ours, including the flag and Constitution.

[in2herbs]

3. You can bet those "private markets" will push privately held REITS and when that happens you will never

have access to that money. The owners of the privately held REITS decide when and if dividends will be paid. Privately held REITs can't be sold like normal stocks.

Using my financial resources and without my knowledge or consent, my financial advisor bought $500,000 of privately held REITs. I doubt if the middle class investor knows anything about privately held REITs but they will learn about them unless they take proactive action to notify their financial advisor to never make these investments.

Our financial system allowed this type of investment without my knowledge or consent. All I can say is karma caught up to my financial investor. He died. Yeah, there is a GAWD!

[harumph]

5. Wow. Was he a fiduciary?

If so, I don't think I would've waited for "karma" to show up which is mostly never.

[in2herbs]

10. He was a Certified Financial Planner (see CFPB) and he was the 2024 Forbes Best-In-State Wealth Advisors for AZ.

He died in 8/24.

When I filed a complaint with the CFPB on 1/18/2024 they said they wouldn't release their findings but appreciated the fact that I filed a complaint because "The willingness of individuals to provide CFP Board with this type of information enables us to better protect the public."

Question: how is the public protected from these predatory CFPs if no info about these predatory CFPs is released to the public?

[Kid Berwyn]

6. Real Estate Investment Trusts

Thank you for the heads-up. I worry that they'll not only loot our retirements, they'll make us taxpayers pay it back -- just like they did in the S&Ls in the early 1990s and banks around 2008.

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=1625206

[in2herbs]

11. The thing to remember is that the beneficiaries of your estate have no control over these investments and may

never see a dime in inheritance.

[Kid Berwyn]

12. What will they think of next?

Get sick. Go bankrupt!
Go to college. Go bankrupt!
Lose your job? Go bankrupt!

Work at will with no pension, save some pay for retirement and we’ll kick in. Get robbed!

[Hotler]

4. They're going to steal your money. nt

[Kid Berwyn]

7. It's a big part of how the rich get richer.

The other part is they hide it from the I.R.S. offshore.

Super Rich Hide $21 Trillion Offshore, Study Says

https://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/

And that was 12 years ago. Things have swung their way even more, thanks to Trump owing so much to Semion Mogilevich.

[Johonny]

8. Screw the small man with fees

[Kid Berwyn]

9. It's an untapped well for the rich to take.

Remember when the government served to keep the playing field level? You know, taxing the rich more than the poor, fighting monopolies and price-fixing?



Those were the days, my friend, those were the days!

[SonOfNebanaube]

13. I have a self directed IRA

With only one solicited growth stock in my portfolio besides my own picks. So far my unmanaged choices are out performing that one. Despite the pump and dump set backs that are going on.