Get ready for the great 401k money scams to come. The banking institutions already scam up 401k accounts, and then have the nerve to treat you like it’s not your money with restrictions on withdrawing it, not to mention the tax penalty. And the megacorps are pulling back on how much they contribute, but that’s part of the scam for not having to manage pension funds and persuading you to open a 401k account. You’re better off paying your taxes now, and managing your money yourself. And then the government now has a requirement that at a certain age you have to start taking money out of your 401k account. even if you don’t need it, so they can collect taxes. Consequently, capital gains taxes only apply later if you take out more than $94,050, married, or $63,000, head of household, in gains per year. And bankers use this money to prop up bubbles leaving you to take the losses in the crashes, as the wife had coworkers that have taken significant losses in the crashes as they took on poorly timed risk for the promise of higher returns.
https://thedeepdive.ca/trump-order-opens-401k-door-to-private-equity/
By ER Velasco
President Donald Trump is expected to sign an executive order within days directing the Labor Department and the SEC to craft guidance that lets 401(k) plan sponsors add private market assets—private equity, venture capital, real estate and hedge funds—to their investment menus, as reported by The Wall Street Journal.
The move resurrects a 2020 Labor Department information letter that first opened the door to alternatives in target date funds but was later toned down by the Biden administration.
Industry trade groups applaud the policy shift. Bryan Corbett, CEO of the Managed Funds Association, called it a step that “will provide more Americans with the diversification and investment options needed to build wealth and save for successful retirement.” 
Alternative asset managers have lobbied hard for access to America’s $8.7 trillion defined-contribution pool. Blue Owl Capital teamed up with Voya Financial this week to build private market options for Voya’s plans, while BlackRock plans to seed a 2026 target date fund with a 5%–20% private asset sleeve via Great Gray Trust.
For proponents, the rationale is simple: public equity supply keeps shrinking: fewer than 4,100 companies now list on US exchanges versus more than 8,000 in the late-1990s. Meanwhile, the top ten stocks command over a third of total market value. Private markets, they argue, offer access to earlier stage growth and uncorrelated credit in exchange for illiquidity.
Yet legal specialists warn that the complexity, opacity, and fee load of private funds raise fresh fiduciary risks. ERISA lawyer Fred Reish notes that plan committees and even individual officers can be “personally liable” if they lack the skill to vet such vehicles prudently. That burden could limit uptake to large employers with in-house expertise, leaving smaller plans on the sidelines for now.
The 2020 DOL letter itself cautioned that higher costs, intricate valuations, and long lock-ups demand “care, skill, prudence, and diligence” from fiduciaries.
The executive order’s specifics are still being hashed out, according to the Journal’s report.