Bull run clear signal! Trump signs executive order allowing $9 trillion US 401k retirement funds to invest in Crypto Assets!

Many brothers are curious, what is a 401K retirement fund?
A type of tax-deferred retirement plan established in 1981, with relevant provisions in section 401 of the Internal Revenue Code, hence referred to as 401K.
401K is applicable to employees of private companies and is a corporate supplemental pension insurance system jointly funded by employers and employees. It has become the primary retirement plan for employees in private companies in the United States.
Employers will set up a 401K account for each employee, and employees can contribute a certain percentage of their salary each month, ranging from about 1% to 15%, not exceeding the limit of ( to that account. Employers will also match )employer match( a certain percentage amount to the employee's 401K account.
The money contributed to a 401K account does not need to be reported for tax purposes; only when employees withdraw it at the specified age does it count as income that needs to be reported for personal income tax.
● Current size of 401K: about 9 trillion, available financial products:
1. Stocks cannot be purchased or invested in separately.
2. Optional financial products can only come from 401k fund management companies selected by the employer. This Trump administration executive order allows 401k retirement funds to invest in Crypto Assets!
In fact, it's not really your own choice; the risk preference and specific product selection are not something you can determine. You can only choose within a limited range based on the products offered by the fund company locked in by your employer.
●Annual contribution limit: In 2025, the limit for contributions to the 401)k( plan is further increased to $23,500, an increase of $500 from the previous year;
●Eligibility: Enterprises that provide services, with no specific restrictions on income.
●Benefits: Deferred tax, exemption from income tax on interest, dividends, and investment income within the account.
● Minimum withdrawal age limit: Withdrawals can be made after age 59.5, early withdrawals will incur a 10% penalty.
●Mandatory withdrawal age: After reaching the age of 70.5, a portion of the funds must be withdrawn each year, and no further deposits can be made; otherwise, penalties will occur. ) This is primarily aimed at stimulating consumption. (.
●Special circumstances for early withdrawal: payment of large medical bills / becoming disabled / unemployment for 12 weeks allows for health insurance premium withdrawal / account holder's death / leaving work, being laid off, being dismissed, or retiring early after the age of 55.
● You can apply for a loan against your 401K account, but the downside is that you have to pay taxes twice. The amount returned to the 401K account is after-tax income, and you will have to pay taxes again when you withdraw in the future. Additionally, the loan interest is not tax-deductible, whereas the interest on a bank loan can be deducted.
●401K accounts are owned by the employees. Upon leaving, employees can transfer to their own IRA accounts or to the designated 401K plan fund company of the next company. )