Fidelity / 4 posts found
Fidelity lets companies offer bitcoin in 401(k)s. Financial advisers call it a risky bet.
Cryptocurrency If you’re dreaming of retiring on a bitcoin windfall, you may want to reconsider. Bitcoin’s recent price fall has captured headlines for its breadth — declining by more than one-third since March and by more than 50 percent since November. Some are now wondering whether the sell-off could reverberate throughout the broader economy. Over the past week, the price has quietly stabilized at around $30,000. For bitcoin’s most ardent supporters — and for those with an extensive risk appetite — it may be a buying opportunity. The financial services company Fidelity Investments said it was giving companies the ability […]
Fidelity plans to offer Bitcoin in its 401(k) retirement funds. But is it best for you?
Fidelity plans to add bitcoin to its 401(k) options. Fidelity says it’s responding to high interest in digital assets. But critics say investing retirement funds in bitcoin is too risky. Bitcoin is down more than 16% this year, but that hasn’t dampened enthusiasm for the asset. That’s why Fidelity Investments is launching a bitcoin option for its 401(k) plans, but investors may still want to think long and hard about whether it’s for them. The nation’s largest plan administrator said later this year, the 23,000 companies it manages retirement plans for will be able to offer their employees bitcoin as an investment choice. Investors would […]
Fidelity To Allow Bitcoin Additions to 401(k) Accounts Later This Year
Cryptocurrency Fidelity Investments will allow U.S. citizens to add bitcoin to 401k retirement accounts later this year. The change brings much more exposure to bitcoin and could spur a new wave of adoption. ETFs are also helping bitcoin make more progress with getting into the mainstream. Fidelity Investments is now allowing its clients to add bitcoin investments to its 401(k) accounts. This is a big step forward for the market and could encourage many to invest in bitcoin by way of wanting to add to their retirement accounts. The Wall Street Journal first broke the news and notes that the […]
Fidelity to Allow Investors to Add Bitcoin to Retirement 401(k) Accounts
In a first for a major company, one of the largest asset managers in the world – Fidelity Investments – will allow investors to add Bitcoin to their retirement 401(k) plans. Reports from earlier today revealed that Fidelity has stated that some of the 401(k) it administers plan to soon offer employees means of investing in Bitcoin through dedicated “digital asset accounts.” Fidelity Investment reportedly has $4.2 trillion worth of assets under management. Speaking on the matter was Dave Gray – the company’s head of workplace retirement offerings and platforms, who said: Fidelity believes that blockchain technology and digital assets […]