Adoption of crypto in retirement savings plans growing

[phillymogul]

Major American crypto exchange Coinbase, asset custodian Kingdom Trust and
alternative assets investment firm Regal Assets have begun offering cryptocurrency-based
individual retirement and 401(K) accounts in the United States.

This new offering will give investors access to more than 30 digital currencies in the industry
directly through Coinbase, with insurance protection provided by British insurance firm Lloyd’s of London.

https://cointelegraph.com/news/coinbase-kingdom-trust-regal-assets-jointly-offer-crypto-ira-and-401k-accounts

[puremage111]

Aside from that

With the upcoming raze of DEFI ( Its kinda popular ever since months ago, with the upcoming addition of multi collateral DAI)
Crypto as a retirement saving plans really could be something

Look at the lending rate of DAI/USDC and so
Its even higher than the traditional market savings/fix deposit

Including crypto in your 401k, is definitely something in the future

[Nezerlan]

Not a bad idea. Imagine working at an organization and you get all your pension or retired benefits in Bitcoin! You'd be a billionaire by the time you retire in 20 - 30 years time (unless the bear market lasts that long, then you'd be really messed up) 

[dimonstration]

Not a bad idea. Imagine working at an organization and you get all your pension or retired benefits in Bitcoin! You'd be a billionaire by the time you retire in 20 - 30 years time (unless the bear market lasts that long, then you'd be really messed up) 

I'm planning to use some of my alts for retirement too, though the market been too volatile and some alts I thought will keep their projects promise seems to failed I bought a VUL for a backup. It's nice that there is already a account that will give insurance for these retirement funds. But know that it maybe risky since nothing is guaranteed even they give insurance.

[Coyster]

Not a bad idea. Imagine working at an organization and you get all your pension or retired benefits in Bitcoin!

I am not too sure if many people would fancy this idea, even those who are bitcoin enthusiasts, receiving your pension in bitcoin would just be like investing all your life savings, and it's against the rule/idea of "invest with the amount you can afford to lose". This is well too risky, I believe in the bitcoin, but when i start working, I will not love to receive my pension in bitcoin.

It would be better to receive my pension in my fiat currency, then I'll buy bitcoins with the quota I'll love to use for cryptocurrency investment.

[ecnalubma]

Well its a good a option because instead of keeping a retirement savings in inflationary fiat why not invest in crypto with a potential to grow and good thing if its backed by insurances. Getting involve in crypto and planning ahead early retirement is a good move but individuals should be aware and shouldn't go all in.

[rdluffy]

It's a great thing because shows people are really optmistic that BTC and cryptos are here to stay and not only a bubble

BTC is in my plan to retire, no doubt, and BTC bring more hope to my future and I'm grateful for that

[Doell]

coinbase plan will bring crypto to be more positive adoption growth will increase with this a news and I am sure that crypto will be better than any asset in the future ,we are very interested in pension funds from cities and villages will switch to this industry because coinbase plan which will take them

[Getmon]

I don't think crypto is the safest way to start a retirement savings plan. The risk with this plan is very high. The cryptocurrency prices are not guaranteed to rise. What if the prices will be decreasing massively several years later? That would mean that the person who has that retirement plan will not be able to use anything from his plan because the market is not good enough to give him good returns.

[semobo]

Not sure how this scheme will actually works but I don't suggest anyone to save their funds on custodial services its better to keep on our own wallets,for sure the price value will be higher when we retire and no one can steal our funds when its in our hand.

[pakhitheboss]

Well, I am not sure whether this will be a hit. No, doubt it is a good news for us but for the market it depends on how many people will take it. Those who are aware about the Cryptocurrency market should go ahead with this retirement plan.

[Brunus]

The idea is good and it is certainly a point in favor of the crypto, but at the moment - with the current volatility and the possibility that everything collapses at any moment - it doesn't seem to me the case to put money for retirement in this sector...

[btcdie]

This should be a good investment if the currency or investment management are directed correctly. I mean, there must be a guarantee if the price falls the retiremen participants still get the money according to their rights. And the retirement only can withdrawal the money when they are truly finished, If this applies I am sure their investment will continue to grow because demand will continue to increase, because investment withdrawn are limited by the time they are finished and have become retiremen.

I understand your opinion. it's a little bit worrying about what will happen with an unsuitable pension fund. I think it should develop like a stable coin or a coin that never goes down according to the initial price / ROI continues to increase even though only slightly. those who want to retire are definitely funds that are within the established budget and are grateful if they can be more.

[jakelyson]

The idea is good and it is certainly a point in favor of the crypto, but at the moment - with the current volatility and the possibility that everything collapses at any moment - it doesn't seem to me the case to put money for retirement in this sector...

The ones opting for crypto will not be retiring anytime soon. The price history of bitcoin shows that it keeps growing so those who avail of this is expecting that the price will be in that same direction, 20 to 30 years from now. And if it is true, they will get way higher than the regular retirement plans.

[jazmuzika217]

I think it is a very nice idea to make it more meaningful your retirement budget. But I think we need to consider the price value of different crypto and different era of coin and price value. I think this process will become more complicated when the time that legalization will came. So I hope they will plan it well to avoid too much problem in the future.

[masterrex]

I think it needs further studies, investing in highly volatile asset from retirement funds (money) is not that easy. Although that it has subjected for insurance policy. but still it can't change the truth that the investment they want to pursue is a high risk kind and i don't know how they will make it profitable for the retirees. btw i'm not an expert regarding this topic i'm just share my personal opinion and i'm not against with it.

[aardvark15]

I hope they also include a Roth IRA for Bitcoin and other cryptocurrencies. Paying the taxes up front would draw more people to invest.

[IvugeoEvolutionCoin]

Major American crypto exchange Coinbase, asset custodian Kingdom Trust and
alternative assets investment firm Regal Assets have begun offering cryptocurrency-based
individual retirement and 401(K) accounts in the United States.

This new offering will give investors access to more than 30 digital currencies in the industry
directly through Coinbase, with insurance protection provided by British insurance firm Lloyd’s of London.

https://cointelegraph.com/news/coinbase-kingdom-trust-regal-assets-jointly-offer-crypto-ira-and-401k-accounts

I've gone through the article on cointelegraph and it's very impressive, individual retirement account (IRA)  is the way forward for retirement savings plans. It's good to know that over 30 digital currencies will be made available and Bitcoin, and other major cryptos are already embedded. Looking forward to seeing more of such innovation.

[bitzizzix]

In my opinion it is their right to invest pension savings in Cryptocurrency, because before doing that they will study it first and understand the risks and benefits to be gained because it is impossible for them to do so without deeper knowledge and of course ready to accept the risks and loss.
and that is one way of adopting a crypto currency even though it is high risk because it will develop the invested coins, we must respect their policies to make decisions because sometimes what we consider is risky, it will benefit them.

[Golftech]

I think I have a different view on this, having crypto as a retirement benefit, I don't know if the fluctuation will also affect it or it is going to be tethered? Otherwise, I would prefer to have myself keep or invest in the direction I want to.

That's much better than trying to predict what future will bring you, we still unsure how this industry will go further and if we are planning for our retirement, maybe offline business after receiving your cash, since fluctuations is still unavoidable though if you have any idea how to plan well then it's also an option that you can work with. Keep things in the right direction and make sure to do good research in anything that you'll going to do with your investment.