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Friday, July 11, 2025

Crypto in Retirement Accounts? Are You Kidding? - HT Tech

People should be free to squander their money, but not in their 401(k)s.
Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds.
It should thus go without saying that they have no place in a retirement savings plan. Unfortunately, it appears to require saying.
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Increasingly, financial institutions are seeking to get crypto into the employer-sponsored 401(k) plans where workers set aside pre-tax earnings for retirement — and which, as of December, contained about $11 trillion in assets. Last year, the plan provider ForUsAll announced a partnership with Coinbase that would allow employees to put as much as 5% of their accounts into cryptocurrencies via a so-called brokerage window. Earlier this year, Fidelity Investments, among...



Read Full Story: https://tech.hindustantimes.com/tech/news/crypto-in-retirement-accounts-are-y...

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