Bitcoin Could Be 'Great' Investment for IRA or 401K Plans

📆 4/26/2023 8:29 PM
📰 CoinDesk

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

.ForUsAll401k CEO David Ramirez said at the Consensus 2023 that an individual retirement account (IRA) or a 401(k) is a 'great place' to invest in BTC. reports

Ramirez, who shared the stage with John Haar, Managing Director of Private Client Services at Swan Bitcoin, stated two reasons for putting BTC into retirement accounts like an IRA and 401.The first was"tax-free crypto investing forever with Roth dollars," stated Ramirez, but"more than that, it can be an effective way of lowering overall portfolio risk," because IRAs are tax-deferred, which allows people to have"better write out's" for market highs and lows.

Ramirez indicated that confidence in social security to provide capital for retirement is low."It's our responsibility to save for our retirement. We ought to have the freedom of choice to invest how we see fit to get there," he added.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leading edge AI company moves from San Francisco to Allen - CEO SpotlightMelissa Solis, CEO of Ibenta, joins David Johnson on today's CEO Spotlight.
Source: KRLD - 🏆 75. / 68 Read more »

Pioneer Natural CEO Scott Sheffield to retire, COO Dealy to become shale company’s next CEOShares of Pioneer Natural Resources Co. fell more than 2% in the extended session Wednesday after the exploration and production company said that its board...
Source: MarketWatch - 🏆 3. / 97 Read more »