Larry Fink of BlackRock wants to add private credit and equity to 401(k) funds

From Yahoo Finance: 2025-06-29 10:30:00

1. BlackRock is launching a target-date fund that includes private credit and equity, aiming to boost returns by 0.5% in your 401(k) over 40 years.
2. Great Gray Trust will offer the fund, partnering with Apollo Global Management and Goldman Sachs, aligning with BlackRock CEO Larry Fink’s vision of adding private market assets to portfolios.
3. The US Securities and Exchange Commission plans to investigate the use of private equity and alternative investments in retirement accounts.
4. Social Security has removed data on processing times from its website, urging seniors to use online services instead of visiting field offices.
5. Many Americans lack retirement literacy and investment knowledge, with increasing concerns about market volatility and retirement savings.
6. Experts recommend staying invested in a diversified portfolio amidst market uncertainty, emphasizing risk management in retirement strategies.

Read more at Yahoo Finance: Larry Fink wants your 401(k), investors are squeamish, what’s Social Security hiding?