This sounds like a huge benefit for your average American. I was totally unaware of this problem.
Wonder what Pocohontas thinks about Trump’s executive order.
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We don’t need more $$ flowing into private equity takeovers.
It’s your money so invest anyway you want. Don’t ask for a handout if your broke in old age. I wouldn’t offer PE if I was running my company’s retirement program. PE is very inefficient and costly and illiquid. When participants decide it’s time to fund their new boat with their 401k they would probably sell PE at a30% discount if they are allowed to sell at all.
Most Americans believe they are owed health care and a retirement. No matter how lazy or spendthrift they are.
It I’m sure Trump crypto is different. Safe, liquid. Beautiful. Big.
How about you reform social security and allow investors to manage their own funds. Then, further incentivize individual retirement accounts, allow deductions AND tax free withdrawals with no RMD’s AND tax free transfer to heirs.
Cap it at current annual contribution levels adjusted for inflation so it’s not a windfall to the ultrarich, instead a true plan for the middle class.
I have mixed feelings about this. Private equity is illiquid, and you can lose everything. And there are obligations to continue funding more money for investments and if you don’t you can be penalized. These investments are good if you are rich and can afford to lose everything on a couple of them, stay in for the very long term and participate in additional funding rounds to avoid dilution. It really isn’t an investment for the average person. People see the returns and don’t realize the cost and risk of those returns.