Wall Street Wants Your 401(k) to Change. Should You?
Big firms just clocked a win for ‘alternative assets’ in retirement accounts. They bring new rewards as well as risks
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Big changes could be coming for your 401(k).
For years, Wall Street firms have been pushing for greater inclusion of “alternative assets” in workplace retirement accounts. This includes cryptocurrency as well as stakes in private companies that don’t trade on public stock markets and exposure to private credit, which is essentially a shadow lending market.