Retirement accounts offer tax-free crypto investing forever and provide an effective way to lower overall portfolio risk, said ForUsAll CEO David Ramirez. AUSTIN, Texas — David Ramirez, CEO of 401(k) provider ForUsAll, said Wednesday at the Consensus 2023 Festival that an individual retirement account (IRA) or a 401(k) are a "great place" to invest in bitcoin (BTC). 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 such as an IRA and 401(k). Read full coverage of Consensus 2023 here. The first was "tax-free crypto investing forever with Roth dollars," stated Ramirez, referring to Roth IRAs, 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 writeouts" 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. #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #swanbitcoin #swanbitcoinnews #swanbitcoinnewstoday #bitcoin #bitcoinnews #bitcoinnewstoday #consensus2023 #consensus2023news #consensus2023newstoday #retirement #retirementnews #retirementnewstoday #iras #irasnews #irasnewstoday #401k #401knews #401knewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple...(read more)
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Bitcoin has been creating a lot of buzz lately, mainly due to the skyrocketing value of the cryptocurrency. While many investors are hesitant to invest in Bitcoin due to its volatility and lack of regulation, some financial experts are suggesting that it could be a great investment for traditional retirement accounts like IRAs or 401Ks. One of the advantages of investing in Bitcoin through an IRA or 401k plan is that it can provide a level of diversification. Traditional retirement accounts typically limit investments to stocks, bonds, and mutual funds. Adding Bitcoin to the mix can help diversify the portfolio and potentially generate higher returns. Another advantage is the potential for tax benefits. IRA and 401K plans offer tax-deferred growth, meaning that investors don’t have to pay taxes on the gains until they start withdrawing the funds in retirement. This can be especially beneficial for Bitcoin, which is often viewed as a long-term investment. Investing in Bitcoin through a retirement account can also provide a level of protection against potential hacking or cyber attacks. IRA and 401K plans typically have stricter security measures compared to individual investment accounts, which can help protect against potential losses from theft or fraud. However, it’s important for investors to consider the potential risks associated with investing in Bitcoin. The cryptocurrency market can be highly volatile, with the price of Bitcoin fluctuating rapidly. This can make it difficult to predict returns or potential losses. Investors should also consider the lack of regulation in the Bitcoin market. While some governments have begun to regulate Bitcoin, it still remains largely unregulated. This lack of oversight can lead to potential scams or fraudulent activity, which could result in significant losses for investors. Overall, investing in Bitcoin through an IRA or 401k plan can be a great option for those looking to diversify their retirement portfolios and potentially generate higher returns. However, it’s important for investors to carefully consider the risks and potential drawbacks before making any investments. Consulting with a financial advisor can also provide valuable guidance in navigating the world of Bitcoin investment. https://inflationprotection.org/investing-in-bitcoin-might-be-a-beneficial-option-for-ira-or-401k-plans/?feed_id=95068&_unique_id=645714d1354cc #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #401knews #altcoinnews #Bitcoin #bitcoincouldbegreatinvestmentforiraor401kplans #bitcoinnews #BITCOINNEWSTODAY #bitcointoday #btcnews #consensus2023 #consensus2023news #crypto #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #Cryptocurrency #cryptocurrencynews #ethereum #ethereumnews #ETHEREUMNEWSTODAY #ethereumprice #investing #IRAs #irasnews #morecryptoonline #news #Retirement #retirementnews #swanbitcoin #swanbitcoinnews #RothIRA #401k #401knews #altcoinnews #Bitcoin #bitcoincouldbegreatinvestmentforiraor401kplans #bitcoinnews #BITCOINNEWSTODAY #bitcointoday #btcnews #consensus2023 #consensus2023news #crypto #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #Cryptocurrency #cryptocurrencynews #ethereum #ethereumnews #ETHEREUMNEWSTODAY #ethereumprice #investing #IRAs #irasnews #morecryptoonline #news #Retirement #retirementnews #swanbitcoin #swanbitcoinnews
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