A Warning from the Department of Labor (DOL) has been recently released, cautioning against the inclusion of cryptocurrencies in 401(k) plans. The Warning highlights various concerns, such as potential challenges to fiduciary responsibilities relating to brokerage windows and the appropriateness of specifically targeting certain asset classes by the DOL. The controversial discussion surrounding … [Read more...]

Interfering with the freedom of American workers to invest their 401(k) plan savings as they wish should not be within the purview of the federal government. Regrettably, the Biden administration does not share that perspective. On March 10, the U.S. Department of Labor issued regulatory guidance to prohibit the inclusion of cryptocurrency as an investment option in 401(k) accounts. This … [Read more...]

With the rise of emerging technologies and corporations, our world is becoming increasingly digitalized, leading to significant changes in how we invest and spend money. The traditional methods of investment have undergone a transformation, as millennials and Generation Z now prioritize a more logical and practical approach to securing their future. This has resulted in a growing preference for … [Read more...]

Globally, there is a growing level of personal financial stress. Results from a recent study conducted in America indicate that over 75% of individuals are experiencing anxiety regarding their financial circumstances. Consequently, this is leading to the development of cautious attitudes towards risk and raising concerns about the security of savings for the future, including retirement funds. … [Read more...]

Are you interested in cryptocurrencies? You might have the opportunity to invest in bitcoin and other digital currencies through your 401(k) with certain employers in the near future. Financial service firms are having more and more conversations about the most effective ways to offer a reasonably secure cryptocurrency option within 401(k)s and similar retirement plans sponsored by employers. … [Read more...]

Investors could soon have the opportunity to include cryptocurrencies in their 401(k) accounts. In April 2022, Fidelity Investments revealed its plans to enable investors to include cryptocurrencies like bitcoin in their 401(k) retirement accounts, thus becoming the inaugural provider to offer this service. Starting in the middle of the year, this opportunity will be accessible to the 23,000 … [Read more...]

Bitcoin first became popular about 12 years ago, but it wasn't until recent years that it became more mainstream after some controversies. The virtual currency has had a lot of ups and downs on its way to becoming popular. As time passed, some events helped the price while others pushed it down. over the years, hackers have stolen billions of dollars through various exchange thefts, causing … [Read more...]

Bitcoin was the first cryptocurrency to be introduced in 2009 by Satoshi Nakamoto. There is much speculation over who Satoshi is, with some believing it to be a single person, and others believing it may be a group of people. However, no one actually knows for sure. Bitcoin became popular because it allowed people to avoid using middlemen when paying for something or sending money. … [Read more...]

One of the most popular financial trends of 2021 is cryptocurrencies. People are looking for easy ways to learn how to buy Bitcoin and other cryptocurrencies. They want to know how to buy Bitcoin and other cryptocurrencies without having to go through a lot of hassle. There are many digital currencies available besides Bitcoin. If you are interested in exploring this new currency type, look … [Read more...]

If you have bought Bitcoin, then you have used a blockchain without even realising it. Blockchain is a technology that isn’t limited to cryptocurrencies. Many companies are now using blockchains to help optimize their businesses and improve security. This technology provides a secure and efficient way to track data and transactions. If you want to understand how blockchain is changing the world, … [Read more...]