Startling News: Bitcoin as a Retirement Plan Option in the 401k.

by | Apr 12, 2023 | 401k | 33 comments

Startling News: Bitcoin as a Retirement Plan Option in the 401k.




In your nightly crypto news wrap up, we bring you the top crypto stories! Tonight: Mutual fund powerhouse Fidelity breaks the ice on allowing the use of Bitcoin in retirement plans. Decentralized foreign exchange platform Vertex uses Terra’s stablecoins to expand beyond USD pegged stablecoins. Finally, Elon Musk’s $44 billion dollar Twitter buy has the internet in a frenzy over “free speech.” Stay tuned for the lastest crypto and Bitcoin news.

What We Discuss:
0:00 Intro
0:26 Fidelity
2:33 Frankie Candles
3:32 Vertex
4:32 Elon Buys Twitter

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The world of retirement planning is constantly evolving, and one of the latest and most talked-about options for investors is Bitcoin. Bitcoin, the world’s largest and most popular digital currency, has been lauded by many as a revolutionary investment opportunity. In recent years, many investors have begun to incorporate Bitcoin into their retirement portfolios, and now there is a new option available: the Bitcoin 401k.

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The Bitcoin 401k is a retirement plan that allows investors to allocate a portion of their retirement funds to Bitcoin. This plan is similar to a traditional 401k in that it allows investors to save for retirement while taking advantage of tax benefits. However, rather than investing in traditional assets such as stocks and bonds, the Bitcoin 401k allows investors to allocate their funds to Bitcoin.

This new retirement plan has been met with both excitement and skepticism from the investment community. On the one hand, Bitcoin has proven to be an incredibly lucrative investment opportunity, with some investors seeing returns of over 1000 percent. On the other hand, many experts warn that Bitcoin is a highly volatile and risky investment, with prices fluctuating rapidly and unpredictably.

Despite the risks, many advocates of the Bitcoin 401k believe that it is a game-changer for retirement planning. They argue that Bitcoin has the potential to outperform traditional assets such as stocks and bonds, making it a valuable addition to any diversified portfolio. Additionally, they point out that Bitcoin’s limited supply and decentralized nature make it less susceptible to inflation and government intervention.

One of the major advantages of the Bitcoin 401k is that it allows investors to take advantage of tax benefits. Like a traditional 401k, contributions to a Bitcoin 401k are tax-deductible, meaning that investors can reduce their taxable income while saving for retirement. Additionally, investment gains within a Bitcoin 401k are tax-deferred, meaning that investors do not have to pay taxes on returns until they withdraw the funds.

While the Bitcoin 401k is still a relatively new option for investors, it has already garnered a lot of attention. Many investment firms and financial advisors are now offering the option to invest in Bitcoin within 401k retirement plans. Additionally, many investors are taking the initiative to set up their own Bitcoin 401k plans through online platforms like BitcoinIRA and BitGo.

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In conclusion, the Bitcoin 401k is a revolutionary new retirement plan that has the potential to disrupt traditional investment strategies. While it is not without its risks, many investors are excited about the potential returns and tax benefits of incorporating Bitcoin into their retirement portfolios. As more investors turn to Bitcoin as a retirement investment option, it will be interesting to see how this new asset class evolves and whether it becomes a standard part of retirement planning.

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33 Comments

  1. Stephen O'Neill

    "Free speech"? Coming from someone that has moderators on his live streams!

  2. Mark Parvin

    Crypto news for sports fans

  3. thumbob

    Crypto ought to be exploding right now. But it's not. Why?

  4. Frank J.

    Bitcoin, Ethereum Cardano, Polkadot and Ripple.
    Buy and sleep.
    Get rich !!

  5. Ben Kious

    It aint 1984 … anymore.

  6. KEITH MORRIS

    We have family funds in a position of “ Hold “ in crypto…. We watch the total volume of crypto caps…. We are waiting on mass adoption …
    We watch you and two others because you Macro-approach for correct perspective and future forecast

  7. Michael Hughes

    wow!!! Elon giving fuqn Jesus some competition. Done already outclassed the rest of the human species, lol. Mufuqr is like one with the universe or some shyt.

  8. Kamaldeen Salau

    Bitby!! nice one as usual, but can i get the Shirt, it looks nice. Theres only one issue im in Nigeria

  9. Mark Scott

    Censorship is sooo 1984.

  10. Kenntron

    Is that a jersey

  11. AVD EA

    Have a look at LUNIVERSE, already a metaverse multiplayer open world and a racing game! Letsgooooooooo!

  12. EVGENY

    Bitcoin Cash ?

  13. Metal Bum

    This is bigger news than a bitcoin etf.

  14. Roger Smith

    I like the shirt

  15. Christopher

    Staking Ada is my retirement plan. I literally don’t care about my 401k

  16. Vnix

    Me: (switching my current 401k market plan to the BTC plan)

  17. Jamie Robertson

    Great stuff Ben!! Enjoy this a lot and Frankie is excellent!! From Bama @ Tuff Shed!!

  18. WYATTEARP

    this 6 mins destroys boring around the block chain show

  19. Jason Rabinowitz

    BitBoy – You have to run like an antelope out of control

  20. Stunna Breezy

    The racists are excited. Let's go Twitter!

  21. Visionary Vet

    You should have the WEF patch on the right sleeve. Think about it . How much longer will you hold on ? Look deep into your heart for the truth . FYI I was also a large holder in XRP .

  22. Defi Turd

    Easily the biggest boob in crypto..

  23. D P

    xrp to $0.00069

  24. Soccer world

    Don't confuse free speech, with spewing utter nonsense. don't confuse factual, with being completely off target.

  25. CINEMOMENT

    Fake news as always. So sad

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