Should You Hold Crypto in Your 401(k)? Experts Weigh In
Key Takeaways
- The Department of Labor recently reversed guidance cautioning against holding cryptocurrencies in retirement savings accounts.
- Financial experts say adding crypto may be right for retirement savers with a high risk tolerance who will not need their retirement funds for many years.
- Fidelity is the only major U.S. financial institution allowing crypto to be held and invested in retirement accounts, but there are also a few specialized crypto 401(k) providers.
- Although crypto holdings in a 401(k) account could yield significant gains, there are several disadvantages to consider, experts warn.
As the government removes warnings on holding cryptocurrency in retirement accounts, some savers might consider now a good time to…
