Tag: retirement accounts
Cryptocurrency & Bitcoin IRA Tax Rules | Bitcoin IRA
Using Crypto to Diversify for Retirement | Bitcoin IRA
Diversifying a retirement portfolio is essential for investors at any age and stage of their investment journey. It’s typical for younger investors tend to take on more risk, while those closer to retirement age are more likely to pare back risks to ensure capital preservation. Managing that risk includes evaluating retirement account investment structures. One […]
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U.S. Department of Labor Warns Adding Crypto in Retirement Plans
The U.S. Department of Labor (DOL) has urged caution to exercise “extreme care” while considering crypto as an option in the 401(k) plan’s investment. In a compliance report released on Thursday, the department issued a warning for employers who seek to increase their 401(k) exposure to cryptocurrencies, stating that any significant crypto investments within company-sponsored retirement accounts might lead to legal investigation. “These investments present significant risks and challenges to participants’ retirement accounts, including significant risks of fraud, theft, and loss,” the report reads. The 401(k) is a retirement savings plan offered by American employers that seeks to provide long-term financial security along with extended tax benefits. “At this early stage in the history of cryptocurrencies, however, the U.S. Department of Labor has serious concerns about plans’ decisions to expose participants to direct investments in cryptocurrencies or related products, such as NFTs, coins, and crypto assets,” the report added. Regarding the legislation surrounding 401(k) investments, it does not actually specifically detail on which asset classes must be included. However, it does emphasize to “show the care, skill, prudence, and diligence that a prudent person would exercise” when making investment choices “in order to minimize the risk of large losses.”
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Crypto: To Invest or Not to Invest | Bitcoin IRA
Cryptocurrency investing has become a hot topic over the last five years, and because of how its popularity has risen, long-term investors could worry that cryptocurrency investing may seem like the wild west of finance. One thing we can say is that it’s starting to appear that crypto  is here to stay. What Makes […]
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Bitcoin And Trust Are Equally Unavoidable
Crypto Investing Myths Debunked | Bitcoin IRA
Bitcoin, Ethereum, Cryptocurrency, Investing Myths Debunked What started as an underground asset class for the computer savvy has turned into a household name. Interest in cryptocurrencies has exploded, and with it, some myths and misconceptions about the space. If you have ventured beyond Yahoo News or the Wall Street Journal to learn how to invest […]
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