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pelespirit@sh.itjust.works

Trump admin filed a rule to let you bet your 401(k) on crypto (www.ms.now)

submitted 2 weeks ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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Last week, the Department of Labor filed a rule that would allow 401(k) plans to invest in high-risk assets, including cryptocurrency, private equity, hedge-fund-style products, private credit and other alternative investments once reserved for the wealthy.

The White House has framed it as “choice” and “liberation” for workers, but the move could turn ordinary Americans’ retirement savings into a high-stakes gamble, exposing millions to volatility and potential losses they may not be prepared to handle.

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[–] atzanteol@sh.itjust.works 6 points 2 weeks ago (2 children)

This will end poorly... It's way too soon to rely on crypto markets in retirement plans.

[–] stylusmobilus@aussie.zone 4 points 2 weeks ago

Nah let it burn

They voted it in

[–] HawtP0tat0@sh.itjust.works 1 points 1 week ago

As someone who is way to far into crypto... I agree. This will end poorly for the average person. This would explain why the guy managing my 401K has spent every biannual meeting grilling me on how to invest in crypto like I'm supposed to inform my financial advisor.