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Source: https://www.guideline.com/blog/private-equity-in-401k/

Category: Business

Tags: why 401k is bad, private 401k plans, private equity stocks, 401k risks

The typical worker approaching retirement (i.e. aged 55–64) has only $111,000 in total retirement savings in their 401(k) and IRAs.The Department of Labor (DOL) is looking to change that, starting with your retirement portfolio. Earlier this month, the DOL published new guidance explaining how, effective immediately, retirement plan sponsors could start offering private equity funds.

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