MILLIONS OF RETIREMENT SAVERS MAY SOON be able to invest in Bitcoin as easily as they now buy stocks and bonds, following an announcement last month from Fidelity Investments, the nation’s largest retirement-plan provider, that it will add cryptocurrency as an option to the 401(k) plans it offers companies later this year.
“This will be remembered as a seminal moment in the evolution of crypto,” says financial advisor Ric Edelman, founder of the Digital Assets Council of Financial Professionals and author of The Truth About Crypto. “For the average American worker, their only place to save for retirement is through a company retirement plan. Millions of workers will now start to buy Bitcoin who never would have otherwise.”
Just because you can buy cryptocurrency in your retirement plan—whether in the future via your 401(k) or now in an IRA—doesn’t mean you should, though. While investing in Bitcoin, Ethereum and other digital currencies can help diversify your savings and possibly hedge against inflation and boost overall returns, financial advisors say anything more than a small stake is risky for a long-term goal like retirement given how wild the price swings can be.
The trick is to find that sweet spot.
Even before Fidelity’s decision to add Bitcoin to its 401(k) menu, interest in crypto as a investment for retirement had been rising sharply, especially among younger savers. A survey last month by Investopedia, for example, found that one in four millennials say they are relying on crypto to help fund their retirement.
If you’re among those interested in adding crypto to your long-term savings, here’s what you need to know to get the biggest bang for your investment buck without blowing up your chances for a comfortable retirement.
ãã®èšäºã¯ Newsweek Europe ã® May 20 - 27, 2022 (Double Issue) çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Newsweek Europe ã® May 20 - 27, 2022 (Double Issue) çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
All the Right Moves
PR experts tell Newsweek the winning strategies that keep Dancing With the Stars as popular as ever after 19 years
Front Line of History
A fascinating series of snapshots showing a medic's experience of the Korean War have been uncovered by his grandson
CLEAR AND PRESIDENTIAL DANGER
IN A CAMPAIGN THAT'S BEEN FULL OF SHOCKS, COULD AN OCTOBER SURPRISE PROVIDE A FINAL TWIST IN THE RACE TO THE WHITE HOUSE?
'We're Not Beasts, We're Just People'
Trans MMA fighter Alana McLaughlin on coping with societal and family of being the 'bigger person' expectations
Is This France's #MeToo Moment?
The trial of Dominique Pélicot, who has admitted drugging his wife and allowing her alleged rape, has highlighted a culture of sexual violence in the country
Washington is 'Playing With Fire'
In an exclusive interview with Newsweek, Russian Foreign Minister Sergey Lavrov warns the U.S. to accept his country's proposal to end the war in Ukraine or face \"dangerous consequences\"
Zachary Quinto
ZACHARY QUINTO HAS PLAYED DOCTORS BEFORE, BUT HE'S \"NEVER PLAYED a doctor like\" the one he plays on NBC's Brilliant Minds (September 23).
Adam Brody
NETFLIX KNOWS EXACTLY WHAT MILLENNIALS want, and it's to see Adam Brody and Kristen Bell fall in love.
Partners in Crime
Actor Joseph Gordon-Levitt shares his delight at teaming up with Shailene Woodley again in new Amazon Prime movie Killer Heat
HOW TO FIND A WORKPLACE THAT LOVES YOU BACK
Insights from America's Top Most Loved Workplaces