Unchained Unconfirmed: Want Crypto in Your 401(k)? It's Finally Possible -- With This Provider - Ep.245
Jun 11, 2021
Jeff Schulte, CEO of ForUsAll, leads the charge in making cryptocurrency investment available within 401(k) accounts. He explains how this innovative move differs from Bitcoin IRAs and the crucial guardrails ForUsAll is implementing for investors. Listeners will discover the tax advantages of investing crypto in a 401(k) and how the security of assets will be handled. Schulte also touches on the selection process for available cryptocurrencies and the fiduciary risks involved for employers. A game-changing discussion bringing crypto to retirement planning!
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Crypto in 401ks
- ForUsAll launched cryptocurrency into 401ks to increase accessibility for average Americans.
- Institutional investors already use crypto, but it wasn't available in 401ks previously.
Crypto Guidance
- ForUsAll provides educational resources and guidance on cryptocurrency.
- They advise allocating 0-5% of retirement portfolios to crypto, with guardrails in place.
401k Tax Advantages
- Investing in crypto within a 401k offers tax advantages, including pre-tax and Roth contributions.
- Roth contributions allow tax-free growth and withdrawals, mitigating tax liability.