Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.<\/p>\n
Sen.\u00a0Elizabeth Warren\u00a0(D-Mass.)\u00a0said Thursday that President Donald Trump\u2019s decision to allow cryptocurrencies in 401(k) plans could put \u201chard-earned savings\u201d of Americans at risk.<\/p>\n
Warren took to X to voice her apprehensions about Trump\u2019s executive orders that push private equity and cryptocurrencies into 401(k) retirement plans.<\/p>\n
\u201cThese shadowy markets lack strong guardrails to keep your money safe,\u201d the Democratic lawmaker alleged. \u201cWe can’t let Wall Street gamble with Americans’ hard-earned savings.\u201d<\/p>\n
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it<\/a>?<\/p>\n The remarks come after Warren and Sen.\u00a0Bernie Sanders\u00a0(I-Vt.) led a group of lawmakers to raise concerns about the move in a letter sent to the SEC and the Labor Department.<\/p>\n The legislators quoted the Labor Department\u2019s 2022 guidance<\/a> that urged plan fiduciaries to exercise \u201cextreme care\u201d before\u00a0adding a cryptocurrency option to\u00a0a 401(k) plan<\/p>\n The senators also raised questions about the potential financial benefits the Trump family could reap from this move. They cited reports claiming that the first family gained up to $5 billion in paper wealth from the World Liberty Financial (WLFI) token launch.<\/p>\n The White House and the SEC didn\u2019t immediately return Bezninga\u2019s request for comment.<\/p>\n See Also: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse \u2014 Invest Now at Just $0.81 a Share<\/a><\/p>\n The move to open up potentially $40 trillion in retirement savings to digital assets like\u00a0Bitcoin\u00a0(CRYPTO:\u00a0BTC) has become a divisive issue.<\/p>\n Sen.\u00a0Cynthia Lummis\u00a0(R-Wyo.) hailed the decision, stating Americans can \u201csecure\u201d their financial futures through digital assets, but economist\u00a0Peter Schiff\u00a0warned it could worsen retirement savings shortfalls.<\/p>\n Anthony Pompliano, founder of\u00a0Professional Capital Management, said that the move opens massive new capital flows to cryptocurrency markets.<\/p>\n Story Continues <\/p>\n Photo Courtesy: Bryan J. Scrafford on Shutterstock.com<\/p>\n Trending Now:<\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.<\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.<\/p>\n Vinovest lets investors diversify into fine wine<\/a> \u2014 a historically stable, low-volatility asset class that has outperformed the S&P 500 over multiple decades<\/a>. With professionally managed portfolios, secure storage, and insurance included, users can invest in wine without needing to be experts themselves. Minimums start at $1,000, and investors retain full ownership of their wine, which has the potential to appreciate in value as global demand grows.<\/p>\n For those seeking fixed-income style returns without Wall Street complexity, Worthy Property Bonds offers SEC-qualified, interest-bearing bonds starting at just $10<\/a>. Investors earn a fixed 7% annual return, with funds deployed to small U.S. businesses. The bonds are fully liquid, meaning you can cash out anytime, making them attractive for conservative investors looking for steady, passive income.<\/p>\n Self-directed investors looking to take greater control of their retirement savings may consider IRA Financial. The platform enables you to use a self-directed IRA or Solo 401(k) to invest in alternative assets such as real estate, private equity, or even crypto<\/a>. This flexibility empowers retirement savers to go beyond traditional stocks and bonds, building diversified portfolios that align with their long-term wealth strategies.<\/p>\n Moomoo isn’t just for trading \u2014 it’s also one of the most attractive places to park cash. New users can earn a promotional 8.1% APY on uninvested cash<\/a>, combining a 3.85% base rate with a 4.25% booster once activated. On top of that, eligible new users can also score up to $1,000 in free Nvidia stock\u2014but the real draw here is the ability to earn bank-beating interest rates without having to move into riskier assets.<\/p>\n SoFi gives members access to a wide range of professionally managed alternative funds<\/a>, covering everything from commodities and private credit to venture capital, hedge funds, and real estate. These funds can provide broader diversification, help smooth out portfolio volatility, and potentially boost total returns over time. Many of the funds have relatively low minimums, making alternative investing accessible.<\/p>\n Range Wealth Management takes a modern, subscription-based approach to financial planning. Instead of charging asset-based fees, the platform offers flat-fee tiers that provide unlimited access to fiduciary advisors along with AI-powered planning tools<\/a>. Investors can link their accounts without moving assets, while higher-level plans unlock advanced support for taxes, real estate, and multi-generational wealth strategies. This model makes Range especially appealing to high-earning professionals who want holistic advice and predictable pricing.<\/p>\n For investors concerned about inflation or seeking portfolio protection, American Hartford Gold provides a simple way to buy and hold physical gold and silver within an IRA or direct delivery<\/a>. With a minimum investment of $10,000, the platform caters to those looking to preserve wealth through precious metals while maintaining the option to diversify retirement accounts. It’s a favored choice for conservative investors who want tangible assets that historically hold value during uncertain markets.<\/p>\n This article Elizabeth Warren Lashes Out At Trump’s Move To Introduce Crypto To 401(K) Plans: ‘Shadowy Markets Lack Strong Guardrails To Keep Your Money Safe’<\/a> originally appeared on Benzinga.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sen.\u00a0Elizabeth…\n","protected":false},"author":2,"featured_media":112575,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,65,80381,246,80383,111,139,69,244,245,5567,30759,4233,80382],"class_list":{"0":"post-112574","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-donald-trump","10":"tag-elizabeth-warren","11":"tag-finance","12":"tag-hard-earned-savings","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nz","16":"tag-personal-finance","17":"tag-personalfinance","18":"tag-private-equity","19":"tag-retirement-plans","20":"tag-wall-street","21":"tag-world-liberty-financial"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/112574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=112574"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/112574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/112575"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=112574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=112574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=112574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}