Private Equity lobbying Trump for access to your 401K [View all]

https://www.marketwatch.com/story/private-equity-in-401-k-plans-highly-risky-for-the-average-investor-6eced355

So this is interesting. 401Ks offer tax benefits to savers, that's why what is allowed in them is regulated. Since these accounts are tax deferred, the government doesn't want highly risky investments available to people who could lose big and not be prepared to retire and pay taxes on their income then.

These are sometimes complicated investment options that the average person will have trouble understanding, but they'll promise better returns without full explaining the risks. And when I say that, I am coming from the perspective of someone with an MBA with a focus on Finance, and this stuff is not something I am always comfortable with. And the fees will be higher.

This will happen because it helps Trump's rich pals at Blackstone. They'll push it as, "people can make their own decisions." Might work out well for some, but others will surely have their 401Ks ruined. I don't trust Trump's billionaire pals in finance any further than I can throw them.