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Big changes potentially coming to your 401K. We just want to load you up. What do you actually

need to know? And Brent, I am so excited about this because we know that for most people,

their 401K is one of the single most valuable tools that they have in their wealth building

toolkit. And a lot of millionaires, their 401k is the first account to actually

cross into the two comma club. So whenever there are changes or whenever there are things that

happen that may impact your retirement account, we want to make sure that you know about them.

And that's exactly what we're going to go over today. Well, I believe this was last Thursday.

I didn't have this on my bingo card for the day, but it was, my feed started showing up as all of a sudden, the executive order

had been issued on 401ks. And here's actually, we did a screenshot, democratizing access to alternative

assets for 401K investors, signed in on August 7th. So as you guys know, we try not to do politics,

but it's one of those things where we have to make sure because one of your biggest assets is

going to be your 401k. As Beau shared, it's the first account for most millionaires that crosses

into that seven-figure status. So we just kind of want to look and

say, hey, is there anything to this? What do you actually need to know? And will this actually

impact your 401k? So let me walk through what the executive order says. And then, Brian, I want

you to explain exactly what that means sort of in layman terms. Because this is what it said.

The Secretary of Labor

shall re-examine guidance on fiduciary duties on asset allocation under ERISA. For those

that don't know, ERISA is just the governing body that oversees employer-sponsored retirement plans,

like 401K, 403B, and so on. They shall clarify rules and guidelines around

...