Cryptocurrency in a 401(k)?
MarketWatch posted that the Trump administration is rescinding Biden administration's guidance that discouraged cryptocurrency investing by 401(k) plans.
The 2022 guidance directed plan fiduciaries to exercise “extreme care” before adding cryptocurrency to investment menus. That caution has now been removed.
I’m thinking removing urging “extreme care” for 401k plans is not such a good idea. Is the 401k the place for such an investment?
How many people actually understand cryptocurrency? Not me
I can just see some employees (like the ones taking the financial literacy test) jumping on the bandwagon if they have the opportunity.
The 2022 guidance directed plan fiduciaries to exercise “extreme care” before adding cryptocurrency to investment menus. That caution has now been removed.
I’m thinking removing urging “extreme care” for 401k plans is not such a good idea. Is the 401k the place for such an investment?
How many people actually understand cryptocurrency? Not me
I can just see some employees (like the ones taking the financial literacy test) jumping on the bandwagon if they have the opportunity.
The post Cryptocurrency in a 401(k)? appeared first on HumbleDollar.
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