pexel
The newspaper's sources indicated that Trump might sign an order on this matter, resulting in significant alterations to the administration of Americans' retirement savings.
A broad range of assets will be available for investments beyond conventional stocks and bonds, per three FT sources: from cryptocurrencies and precious metals to funds centered on corporate acquisitions, private loans, and infrastructure projects.
The directive will mandate US regulators to eliminate barriers essential for incorporating alternative investments in fund plans that savers utilize 401,000 to build retirement savings.
In the US, working Americans set aside money for retirement, enabling them to invest a portion of their salaries in exchange-traded securities without incurring taxes. Nearly all of these investments are in mutual funds composed of publicly traded stocks and bonds.
The Trump administration has started to relax regulations regarding cryptocurrency usage in retirement accounts — in May, the US Department of Labor overturned the Biden administration’s advice against incorporating cryptocurrency investment options in retirement accounts, according to the FT.
source: ft.com
A broad range of assets will be available for investments beyond conventional stocks and bonds, per three FT sources: from cryptocurrencies and precious metals to funds centered on corporate acquisitions, private loans, and infrastructure projects.
The directive will mandate US regulators to eliminate barriers essential for incorporating alternative investments in fund plans that savers utilize 401,000 to build retirement savings.
In the US, working Americans set aside money for retirement, enabling them to invest a portion of their salaries in exchange-traded securities without incurring taxes. Nearly all of these investments are in mutual funds composed of publicly traded stocks and bonds.
The Trump administration has started to relax regulations regarding cryptocurrency usage in retirement accounts — in May, the US Department of Labor overturned the Biden administration’s advice against incorporating cryptocurrency investment options in retirement accounts, according to the FT.
source: ft.com
