It’s official. President Donald Trump signed an executive order that could transform your 401(k) investment options.
For the first time, complex choices such as private equity, real estate, expanded annuities and even cryptocurrency may be added to your plan’s menu.
These aren’t the plain-vanilla mutual funds and index funds to which most of us are accustomed. They’re bigger, flashier and at least on paper, full of promise.
But promise is one thing; reality is another. These products are generally more complicated, less flexible and often more expensive to own.
The executive order doesn’t require your employer to offer them. But if they do, you’ll need to be ready to navigate a very different and potentially riskier set of choices.