Should Private Assets, Gold, and Crypto Be Investment Options in 401k and other Defined Contribution Plans?
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 23 July 2025
⏱️ 23 minutes
🔗️ Recording | iTunes | RSS
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Summary
A new executive order could radically reshape retirement investing by allowing private equity, crypto, and gold in 401(k) plans. This episode examines the factors driving the demand for alternative assets in defined-contribution plans, the potential risks to everyday investors, and why fiduciary rules and financial literacy gaps still matter.
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Show Notes
State Street New TDF Includes Private Assets by PSCA Net Staff—PSCA
The Power of Private Markets by Robert Crothers et al.—BlackRock
UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT OPINION No. 22-16268
Don’t Buy Into This Easy Fix for Stock-Market Craziness by Jason Zweig—The Wall Street Journal
On Endowments and Unintended Consequences by Paul Kedrosky—Paul Kedrosky
Related Episodes
509: How to Invest in Private Credit / Direct Lending?
497: How to Fix the Retirement Savings Crisis
490: Should You Invest in Private Equity?
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Transcript
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| 0:34.6 | Experience it yourself with a seven-day free trial at Assetcamp.com. That's |
| 0:41.0 | A-S-S-E-T-C-A-M-P.com. Welcome to Money for the rest of us. This is a personal finance show |
| 0:48.8 | on money, how it works, how to invest it, and how to live without worrying about it. I'm your host David Stein. |
| 0:54.9 | Today is episode 532. It's titled, Should private assets, gold, and crypto be investment options |
| 1:03.2 | in 401k and other defined contribution plans? Last week, both the Wall Street Journal and |
| 1:09.6 | Financial Times reported that President Trump |
| 1:12.6 | is expected to sign an executive order in the coming days that would allow more private market |
| 1:20.0 | investments in defined contribution plans in the U.S. The executive orders is expected to direct |
| 1:27.0 | the Labor Department and the Securities |
| 1:29.7 | and Exchange Commission to provide guidance to employers and plan administrators as to how |
| 1:36.2 | these type of private assets could be included. This could include private credit, private equity, |
| 1:43.5 | leverage buyout funds, venture capital, could include gold, cryptocurrency. |
| 1:48.7 | We're not exactly sure. |
| 1:50.7 | The White House, in a statement released at the Financial Times, said President Trump is committed to restoring prosperity for everyday Americans and safeguarding their economic future. No decisions should be |
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