Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ ...
An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment. Scammer Tactics The Australian financial services regulator, the Australian Securities and Investments Commission (ASIC), has warned residents that self-manage their superannuation funds to be wary of scammers that are using the lure of quick and high returns offered by crypto assets to defraud....
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U.S. Treasury Secretary Janet Yellen warns crypto is a “very risky investment,” adding that she would not recommend it to most people who are saving for retirement. However, Yellen noted that Congress could restrict the type of investments allowed in retirement accounts, including 401(k) plans. Janet Yellen on Investing in Cryptocurrencies....
Bitcoin is becoming a recognized asset class with a low correlation to other asset classes. This makes it a good option for diversifying investment portfolios with retirement accounts, and some options do exist for investing in bitcoin for retirement. Diversifying Portfolios. Most investment advisors recommend having diversified retirement portfolios to....
Bitcoin users can invest their Bitcoin in a fully compliant IRA retirement account through a new service announced today by BitcoinIRA.com. The Bitcoin IRA enables investors to hold Bitcoin directly as part of a tax-advantaged retirement portfolio. The company’s Chief Strategist is former director of the U.S. Mint Edmund C. Moy. ‘Lower Risk’ with Bitcoin....
A Bitcoin IRA is nothing different from a traditional IRA. It is an individual Retirement Account (IRA) in which instead of investing fiat currencies, you invest Bitcoin. An individual Retirement Account (IRS) is an important program, which helps you to secure your future and save tax as well. However, have you ever heard about Bitcoin IRA? A Bitcoin IRA is nothing different from a traditional IRA. It is an individual Retirement Account (IRA) in which instead of investing fiat currencies, you invest Bitcoins. When you have a traditional IRA account you hold currencies, but in case of....
Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest obstacle to early retirement. Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added to their 401(k) retirement products, the firm found that 46% of Gen Z and 45% of Millennials said they "wish" they could invest in cryptocurrencies as part of their retirement....