Trump's welcome 401(k) reforms

In positive news for American workers saving for retirement, President Donald Trump signed an executive order last Thursday authorizing managers of defined contribution plans, such as 401(k) plans, to add private equity and other alternative assets, including bitcoin, other cryptocurrencies, and real estate, to retirement savings accounts. The far Left is wringing its hands about the order, but the nation’s savers should be cheering.

401(k) retirement plans are popular, employer-sponsored retirement savings plans that offer significant tax advantages. The plans are structured to help employees save for retirement through automatic payroll deductions and investment growth.