Wall Street Wants to Change the Rules for Your 401(k). It Could Put Your Retirement at Risk. by Paul Kiel

Wall Street Wants to Change the Rules for Your 401(k). It Could Put Your Retirement at Risk. Financial firms want a bigger piece of the $10 trillion in America’s 401(k) plans, and the Trump administration is planning a regulatory rollback to encourage less-regulated — and often riskier — investments. by Paul Kiel https://www.propublica.org/article/401k-retirement-investment-plan-risk-trump?utm_source=sailthru&utm_medium=email&utm_campaign=majorinvestigations&utm_content=feature Most Americans don’t look to their 401(k) plans for excitement or experimentation, instead relying on the promise that steady saving and sober planning will guarantee security in their golden years. But the Trump administration wants to transform the well-worn patterns of retirement investing.