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Big Take

Private Equity Is Coming for Your 401(k)

15 min • 7 augusti 2025

US President Donald Trump just signed an executive order that aims to allow private equity into a $12 trillion piece of America’s retirement market — 401(k)s.

On today’s Big Take podcast, private equity reporter Allison McNeely joins host Sarah Holder to explain what this could mean for the average American’s retirement savings.

Read more: Trump Signs Order Easing Path for Private Assets in 401(k)s

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