FEAR & GREED | Business News Q+A: What we can learn from America's $17 trillion retirement pool
Dec 8, 2025
Henry Yoshida, co-founder and CEO of Rocket Dollar, dives into the shifting landscape of retirement funds. He discusses the dominance of alternatives like private credit and equity in a $17 trillion IRA market. With inflation and geopolitical uncertainties in play, he explains why he’s bullish on gold. Henry also emphasizes that the traditional 60-40 portfolio is outdated and advocates for exploring private investments for better diversification. His insights on the future of real estate and the role of banks in private credit are particularly captivating.
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Match Investment Freedom To Experience
- Allow investor choice proportional to their experience and risk tolerance when deciding retirement investment freedoms.
- If individuals accept the risk, Henry Yoshida believes they should be fully authorized to direct their retirement capital.
Alternatives Are Still A Tiny Slice
- Only about 1–2% of US IRA assets are in self-directed alternative investments today.
- That equals roughly $200–$400 billion of the $17 trillion in IRAs, showing alternatives remain tiny but present.
Private Credit's Structural Tailwinds
- Private credit is expanding because yield-hungry investors meet borrowers needing capital.
- Institutional participation and bank involvement signal the sector is likely to keep growing into 2026.