401(k) Freedom or Financial Trap? Trump’s Executive Order Hands Wall Street the Keys to Your Retirement

Let me be clear from the outset: this isn’t about “freedom of choice” for the American worker. This isn’t about “leveling the playing field.” This is about one thing — Wall Street getting its claws into $7.3 trillion worth of 401(k) plans. And President Donald Trump just gave them the green light. Earlier this month, with a ceremonial flourish and a few patriotic soundbites, Trump signed an executive order opening the floodgates of America’s retirement savings to so-called “alternative assets” — cryptocurrencies, private equity, hedge funds, real estate schemes, commodities, infrastructure projects, and even something called “longevity risk-sharing pools.” If you don’t know what that last one is, good. It means you’re still sane. According to GOP lawmakers, this is…