‘Trump, Musk and I have better assets to invest in,’ Kiyosaki endorses Trump’s 401(k) retirement plan
Rich Dad Poor Dad author Robert Kiyosaki has extended his support for US President Donald Trump’s expansion of the 401(k) retirement plan, which now allows investors to diversify into a wider range of assets.
In his “I love Trump” post, he recalled that he and the former president had co-authored two books for several reasons – one being their shared belief that “rich investment bankers who control the stock and bond markets are exploiting the working class through 401(k)s”.
401(k) opened alternative investments options
He went on to quote Warren Buffett, noting that even the billionaire investor had admitted that “baby boomers will be homeless when inflation wipes out the purchasing power of their 401(k)”.
“President Trump is not only bringing peace to the Middle East, he has opened 401-k to invest in ‘alternative investments’, which include real estate debt, real gold and silver and crypto such as Bitcoin and Ethereum,” he went on to say.
According to Kiyosaki, this change not only helps retirees extend their financial runway but also benefits “alternative investors” like himself. “I have never had a 401(k)… much less a mutual fund or ETF. I applaud President Trump for his Middle East peace initiatives and for making the rich richer and all employees richer.”
‘Trump, Musk and I have better assets to invest in’
Kiyosaki further revealed that he, Elon Musk and the US President invest from the ‘B’ (Business Owner) and ‘I’ (Investor) sides of his ESBI Cashflow Quadrant, giving them access to what he called “better assets”.
He said that he believes that Trump’s retirement plan will make more Americans “richer and financially secure” in future.
“This means I am buying more gold, silver, Bitcoin, Ethereum, oil, cattle, and real estate,” he revealed, but with a dash of caution. “Study the pros and cons of alternative investments and decide which assets are best for you. That’s how you get richer and smarter, rather than just investing in assets, a financial planner, working for Wall Street, telling you what to invest in.”
Towards the end of his post, he said that one should choose assets that are best for them and thanked Trump for empowering more people to get richer.
Trump’s 401(k) retirement plan
The Internal Revenue Service (IRS) has released new rules under the SECURE 2.0 Act, which will affect employees aged 50 years and above who earn more than $1.4 lakh or more a year. With the new rules in place, these people won’t be able to make their 401(k) catch-up contributions on a pre-tax basis and should contribute to after-tax Roth accounts.
Pre-tax contributions lower your taxes now, while Roth contributions grow without taxes and can be taken out tax-free in retirement.
For the first time, 401(k) retirement plans can include private market investments, real estate, commodities, infrastructure development projects, digital assets, and lifetime income strategies like longevity risk-sharing pools.
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