Should I invest my retirement savings in cryptocurrency?

June 15, 2021

It's hard to look at the news these days without reading something about cryptocurrency. Many investors are putting money into cryptocurrency in an effort to join the ranks of those who have gotten rich by trading in digital coins. And soon, you might have the option to invest in cryptocurrency not just for the near term, but for your retirement.

Will 401(k)s start to include cryptocurrency?

Today's 401(k) plans don't include the option to invest in cryptocurrency. But that could be changing.

ForUsAll Inc., a 401(k) provider, announced earlier this month that it's striking a deal with leading crypto exchange Coinbase Global (NASDAQ: COIN) that will allow plan participants to invest up to 5% of their 401(k) contributions in cryptocurrencies like Bitcoin (CRYPTO: BTC).