Taking Trump out – I do think it is extremely risky to allow people to massively increase risk into their 401k.
The whole idea of the 401k was to make an easy safety for people to supplement retirement, so if you easily allow people to gamble it into crypto bets you will just see more and more people working into their 70s/80s/90s
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e heavily restricted by ERISA fiduciary rules, forcing plan sponsors to act in the best interest of participants. Unless the Department of Labor explicitly changes its guidance to classify a handful of volatile crypto assets as prudent investments, most employers will never add this option out of fear of lawsuits. This is mostly political theater for the election cycle because the legal liability for plan administrators is currently way too high.
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Sounds cool but to him it’s just exit liquidity
I do not trust this guy one bit anymore
Taking Trump out – I do think it is extremely risky to allow people to massively increase risk into their 401k.
The whole idea of the 401k was to make an easy safety for people to supplement retirement, so if you easily allow people to gamble it into crypto bets you will just see more and more people working into their 70s/80s/90s
e heavily restricted by ERISA fiduciary rules, forcing plan sponsors to act in the best interest of participants. Unless the Department of Labor explicitly changes its guidance to classify a handful of volatile crypto assets as prudent investments, most employers will never add this option out of fear of lawsuits. This is mostly political theater for the election cycle because the legal liability for plan administrators is currently way too high.