SmartAsset: New Fiduciary Rule for Retirement Plan Rollovers Billions of dollars are moved annually from 401(k) plans to IRAs. And starting in July, the U.S. Department of Labor (DOL) will mandate tha...
Tag: Retirement
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans – Featured Bitcoin News
Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “I...
The Fed raised interest rates – what to do now with your retirement portfolio
Inflation is rising, the stock market is volatile and now the Federal Reserve has raised interest rates – but investors, as always, should steer clear of any major changes, financial advisers said. T...
Two US Senators Pen Letter to Fidelity CEO Detailing Concerns With Proposed Bitcoin 401(k) Retirement Plans
Two members of the US Senate are writing a letter to financial services giant Fidelity presenting issues with the firm’s new plans to offer Bitcoin (BTC) as an option for 401(k) retirement plans. In a...
Microstrategy’s Michael Saylor Advises Adding Bitcoin In Retirement Portfolio; Says It’s The Least Risky Investment
On Tuesday during Microstrategy’s Q1 earnings conference call, CEO Michael Saylor said that Bitcoin is a better asset than gold. The CEO further advises people to keep it in their portfolio, fol...
Senator Elizabeth Warren Targets Fidelity Over Crypto Retirement Plans
Massachusetts Senator Elizabeth Warren has sent a joint letter to Fidelity Investments this week regarding its decision to allow Bitcoin on its platform. In April, Fidelity announced that employees of...
Alabama Senator Supports Allowing Crypto in Retirement Accounts
Alex Dovbnya Alabama Senator Tommy Tuberville has endorsed idea of putting retirement savings into Bitcoin Alabama Senator Tommy Tuberville is in favor of allowing Americans to make crypto part of the...
Senator Elizabeth Warren Leads Inquiry Into Fidelity’s Bitcoin-Backed Retirement 401(k) Account
In the wake of the launch of a Bitcoin-focused 401(k) account- a retirement plan- in the United States by Fidelity Investments, two Senators – Elizabeth Warren of Massachusetts and Tina Smith of...
Bitcoin Risky For Retirement Plans? Elizabeth Warren Says So
Less than a week ago, Fidelity Investments announced its decision to add Bitcoin as part of its 401 (k) investment plan. A popular vehicle used by U.S. citizens to invest in equities and other assets ...
Bitcoin (BTC) Is the Least Risky Thing To Have in a Retirement Portfolio, Says MicroStrategy CEO Michael Saylor
MicroStrategy founder and CEO Michael Saylor says that people should add crypto to their retirement portfolio following Fidelity Investments’ decision to launch a Bitcoin (BTC) option for its 401(k) p...
6 things to know before you jump into retirement
I’m six months into my retirement from the corporate world. How are things going? Any regrets? Any big surprises? No regrets, for sure. I knew that leaving the workplace at age 61 would be a trade off...
The IRS Is Changing How Your Beneficiaries Receive Your Retirement Funds
SmartAsset: The IRS Is Changing Your 403(b) Plan. Here’s What You Need to Know. In an effort to streamline the regulation that governs how retirement accounts can be used, the IRS has proposed a...
The IRS Just Boosted How Much You Can Contribute for Retirement
SmartAsset: The IRS Just Boosted How Much You Can Contribute for Retirement Healthcare ranks as one of the most pressing concerns for retirees, and with medical expenses rising every year, two out of ...
US Labor Department Disagrees With Fidelity Investment’s Move to Invest Retirement Funds in 401(k) – crypto.news
The US Labor Department officials have expressed their doubts over Fidelity Investment’s plan to allow investors to put bitcoin in their 401(k) accounts. According to a senior administrator, they beli...
Reluctant to Spend in Retirement? Here Are Some Tips to Tame Your Frugal Feelings.
Ned and Sue Price saved diligently their whole lives, but the Jacksonville, Fla., couple still had worries of running out of money in retirement—especially since a health scare in 2007 led Ned to clos...
US Department of Labor Shares ‘Grave Concerns’ on Fidelity’s Bitcoin Retirement Move
The U.S. Department of Labor has “grave concerns” over the inclusion of crypto, including Bitcoin, in American retirement accounts. Days after Fidelity opened its retirement accounts to B...
Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official – Finance Bitcoin News
The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said ...
Michael Saylor says Bitcoin is an ideal asset for retirement
Michael Saylor has said that Bitcoin is the best asset for retirement. Saylor was referring to the recent announcement by Fidelity that it would include Bitcoin in its 401(k). Saylor is a big supporte...
MicroStrategy to Offer Employees Bitcoin Retirement Plans
Bitcoin evangelist and MicroStrategy CEO Michael Saylor today said his company will offer employees access to Bitcoin retirement plans. MicroStrategy employees will be able to invest in the biggest cr...
Could Target-Date Funds Imperil Your Retirement?
target date funds tiaa For years, target-date funds have been one of the go-to options for retirement investors. The appeal is clear; when you invest in a target date fund, you put your money in the h...
5 Investment Hacks to Boost Your Retirement Savings
Investing for retirement is, in many ways, simple. But those looking to create better returns and secure their financial future should keep these hacks in mind. If your retirement savings aren’t quite...
Bitcoin is the Perfect Asset for Retirement, Says Michael Saylor
Following Fidelity’s move to offer Bitcoin as part of its retirement 401(k) accounts, MicroStrategy CEO Michael Saylor opined that the digital asset is a perfect fit for retirement, even better than b...
Fidelity to Let Workers Save 20% of Retirement in Bitcoin
Fidelity Investments, America’s largest provider of 401(k) savings accounts, is rolling out the Digital Assets Account, a new proprietary offering that gives companies access to Bitcoin (BTC), the wor...
MicroStrategy’s Remarkable Move: Plans To Provide Employees Bitcoin Retirement Plans
Michael Saylor’s MicroStrategy has recently announced its plans to facilitate the employees to retire on Bitcoin through Fidelity’s new Bitcoin 401(k) program. Bitcoin is a digital propert...
The Correct Cash Allocation For Your Retirement Portfolio Is Zero
Your cash bucket has a real return of –8.4%. It should be empty. Zilch investing Bettmann Archive If you are in or nearing retirement, you have probably heard the lecture about a “cash bucket.” Put on...
Opinion: Why I don’t want bitcoin in my 401(k)
Hooray! At long last, the company managing my 401(k) plan will allow me to bet up to 20% of my retirement funds on a digital Ponzi scheme that generates no income and has no practical use. Fidelity In...
MicroStrategy Becomes First Public Company To Offer Workers Access To Bitcoin Retirement Plans ⋆ ZyCrypto
Advertisement     Enterprise software maker MicroStrategy announced Tuesday it plans to allow its employees to retire on bitcoin via Fidelity’s new BTC 401(k) program....
Not So Easy to Follow the 4% Rule in Retirement
April 26, 2022 12:19 pm ET Photo: Michael Nagle/Bloomberg News “It’s Time to Rethink 4% Retirement Rule” (Personal Journal, April 20) is fascinating, especially the revelation that Bill Bengen, now re...