💨 Abstract

President Trump's executive order allows private equity investments in 401(k) plans, presenting new opportunities and risks. The private equity industry welcomes the expansion into 401(k) plans, but experts express concerns about higher risks and costs. Critics like Sen. Elizabeth Warren highlight issues with fees and transparency. Private equity funds are designed for sophisticated investors and may not be suitable for average retirement savers without proper education and guidance.

Courtesy: WTOP Staff