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Crypto in Retirement Accounts

April 27, 2022

The world of Crypto has certainly created a lot of excitement, but perhaps more questions than answers for many people.  Recently, Crypto has been introduced in many 401k programs.  So the question becomes, "Does it make sense to take my 401k and invest in Crypto?"  

Here are two (2) outside, third party articles from a couple of mainstream publishers that might help answer that question:

Why I don’t want bitcoin in my 401(k)

Read in MarketWatch:

What You Should Know Before Investing In Fidelity’s Bitcoin Retirement Accounts
This morning crypto advocates and the crypto curious alike woke up to the news that asset management giant Fidelity will start allowing investors to put bitcoin into their 401(k) retirement savings accounts. However, it is important to read the fine print.

Read in Forbes:

As always, please seek the advise of a financial professional before making any major investment decisions.  The problem with 401k(s) is that most plans do not provide this personalized service and the Department of Labor makes it difficult for any outside third party to try a provide that service to you.  For the most part, you are on your own when it comes to making investment choices in your 401k plan.  So do your homework and best of luck!

Cryptocurrencies, Digital Assets and other Blockchain related technology (such as Bitcoin, Ethereum, NFTs and others) are not securities, not regulated and not approved products offered by Cetera Advisor Networks LLC, and cryptocurrency or other blockchain related non-securities products cannot be recommended, offered, or held by the firm.