Welcome back, Noyackers!

If you’re a Millennial HENRY—High Earner, Not Rich Yet—you know the frustration all too well.

You’re working hard, pulling down $150K to $300K, maybe at a growth-stage tech company in Austin, a consulting giant in Manhattan, or a fintech firm in San Francisco. Your 401(k) balance has finally crossed six figures. You log in, expecting to feel a sense of victory.

Instead, you stare at the same prehistoric menu: Large Cap Growth Fund. Bond Index. Target Date 2055.

 Meanwhile, your side portfolio is thriving. Your Fundrise real estate stake is up double digits. The private credit fund you accessed through YieldStreet is paying 12%. Your friend who scored pre-IPO shares through Forge just cashed out at 3x.

Your biggest, most tax-advantaged account—the one that will actually determine whether you retire free or dependent—is still locked in the 1990s.

That’s about to change.

On August 7, 2025, the White House signed an Executive Order that could fundamentally reshape retirement savings. For the first time since the 401(k) was created in 1978, regulators are being told: unlock institutional-grade alternatives for ordinary savers.

Translation: Yale’s endowment strategy is finally coming to your 401(k).

Until next Sunday,

—CJ & The NOYACK Team
 AccessGranted™