Alternative Investments in 401k Plans - The executive order aims to facilitate access to alternative investments like real estate, cryptocurrency, or private assets within 401k plans [1] - Private assets refer to privately held companies, which constitute the majority of businesses in America [1][2] Financial Planning Considerations - Individuals should assess their current 401k plan, contribution levels, and company matching contributions before considering alternative investments [2][3] - It's crucial to understand financial goals, desired retirement age, and estimated retirement income needs [3] - Ideally, retirement contributions should range from 15% to 20% of gross pay [4] - Maximizing company matching contributions is essential as it represents "free money" [4] Prudent Investment Approach - Before exploring alternative investments, ensure a thorough understanding of the existing 401k plan's contents and contribution strategy [4] - Verify whether the current plan adequately supports the achievement of long-term financial goals [4]

It's a hot summer, but you don't need to sweat your finances. Give yourself a mid-year checkup to gauge your money temperature and make sure that you're on track to meet your goals. Here are five steps that you can take.First step, review your goals. Make sure you understand what you want your money to do for you by the end of the year and in the future. Then, you want to track and adjust your monthly spending.You may not be on track to save as much as you need. Review your spending to make sure you're meet ...