Would You Consider Adding Bitcoin to Your Retirement Savings

[SquallLeonhart]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree?

Not in a retirement fund like the ones you mention. Although bitcoin does form part of my long-term savings and investment, and therefore also for retirement, but putting it in a pension fund goes against its very essence, as you are not going to have your private keys. What you are going to do is pay money to an entity to buy financial assets such as shares and bonds, as well as bitcoin, and they are normally deposited in another entity that has custody of them; you do not have custody of them. I think we've learned enough about the risk involved. So I'd better keep my bitcoin and I'll spend it when I retire or whenever I want.

401k is American anyway, and I am not American so I wouldn't be able to do that neither, however I agree with you, I have bitcoin saved aside for my future as well and I think it will be for retirement. People are acting as if it is doing pretty terrible at the moment because it is down, but when you consider that you are going to hold it until you retire, then suddenly these few years do not matter.

It could become under 20k or over 30k tomorrow and it would not change anything for me considering I am investing for retirement. Having a retirement fund in itself is a luxury these days, so many people are living poorly that they don't even have any retirement fund.

[South Park]

I read this article last year and stumbled upon it again today. I find the article quite relevant in 2023, as bitcoin awareness spreads across the world. I feel there will be a positive correlation between its awareness and adoption. Supporters and believers in bitcoin would want to go the extra mile to show their belief in Satoshi's project. Let's talk about retirement. I have provided a snippet of the article below, along with some questions for discussion. I hope we can engage with it.

Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your employer, as the plan sponsor, has to agree to it.) Some investors may be wondering if cryptocurrencies have a place in their retirement savings. Many financial advisors say it can be part of a well-balanced investment portfolio, and have noted that clients have already been adding it to their investments outside of employer-sponsored retirement savings.

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I consider bitcoin part of my savings for a potential early retirement, but it is a mistake to invest in bitcoin through the government and their official channels, in my opinion there is no way for the pensions to be payed as the population is aging and as they retire they are not being replaced by more workers and at some point the system will collapse, so it is important to have an alternative planned in the case this happens during out lives and I think bitcoin is a good enough option to take on this role.

[Frankolala]

Yep,I will love to add bitcoin to my retirement savings but just 10%. It is total wrong to believe in bitcoin for your retirement savings because you can be disappointed at old age due to the volatile nature of bitcoin, because nobody knows tomorrow.

I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.

[Bananington]

do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Retirement is still some years from now and considering the movement of bitcoins and how it is expected have an increased value, I will consider and love to add bitcoins to my retirement savings and I think 50% is good, so I do not go all in and at the same, not all out. Any strategy and method that can put bitcoins in a wallet consistently is a form of DCA method. But as I consider 50% bitcoins for retirement, I will also consider security so that half of my retirement savings do not get stolen by thieves, if that happens, retirement will be hard and full of regrets.

[dunfida]

Yep,I will love to add bitcoin to my retirement savings but just 10%. It is total wrong to believe in bitcoin for your retirement savings because you can be disappointed at old age due to the volatile nature of bitcoin, because nobody knows tomorrow.

I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.

Yes, always consider out that risk management and its always been that ideal that you should really be that mindful in towards into your decisions and mindset specially about retirement plan.
10% allocation wouldnt really be that bad and as long you dont go all in on something that is risky then you should be fine, although there are people who are really that loving on
trying out to risk on something which doesnt give out assurance.

Well, since its your money then it is really that your right on how to deal up with things.You do know on whats wrong and whats bad after all.

[isaac_clarke22]

~

Might consider a bit of both. I mean it would not stop me anyway from doing the traditional way of doing retirement savings anyway, and I already had IRA in my mind when I received my first paycheck. Having a little bit of Bitcoin as my retirement savings is going to be beneficial either way.

It is a saving regardless. For the degree? Those percentage are quite high if you would ask me. Just like others mentioned, >10% is quite high in my own end. It might be okay with others, but not for me.

[virasisog]

do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Retirement is still some years from now and considering the movement of bitcoins and how it is expected have an increased value, I will consider and love to add bitcoins to my retirement savings and I think 50% is good, so I do not go all in and at the same, not all out. Any strategy and method that can put bitcoins in a wallet consistently is a form of DCA method. But as I consider 50% bitcoins for retirement, I will also consider security so that half of my retirement savings do not get stolen by thieves, if that happens, retirement will be hard and full of regrets.

50% will be good enough or a bit lower depending on our priorities but as for me, having Bitcoin as our retirement savings will always be a wise idea. The risk is, we still don't know how far Bitcoin would take when our retirement comes or if its price is still a reasonable value for retirement savings. Well, we only have yo trust Bitcoin and just trust its capability. Having Bitcoin even during our retirement days will be a good foundation because we can still have a passive income by grabbing crypto opportunities using our savings as capital.

[yhiaali3]

Yes, accepting Bitcoin in a retirement savings account is a form of the DCA method from my point of view, but I see that 50% of retirement savings in the form of Bitcoin will be very sufficient given the risks I take, not because of my fear of a drop in the price of Bitcoin, but because of the possibility of theft or loss of the wallet pertaining to retirement.

I think that it will be a good way to have a comfortable retirement, in addition to that we can pass it on to our children after our death, so that they have good capital to start their own projects.

[Sanitough]

Yep,I will love to add bitcoin to my retirement savings but just 10%. It is total wrong to believe in bitcoin for your retirement savings because you can be disappointed at old age due to the volatile nature of bitcoin, because nobody knows tomorrow.

I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.

Exactly my point too. You cannot risk all your hard-earned savings into bitcoin and solely rely on it for your retirement. The volatility is so high that once your expectations are not met, you may end up dying with regrets. However, putting 10%-15% of your fiat into bitcoin is not bad at all. It could mean a very huge profits by then once bitcoin reaches its peak price. But if bitcoin value fails in the end, I would say it’s not a loss either since you only invest on the amount you can afford to lose.

[Mahanton]

Yep,I will love to add bitcoin to my retirement savings but just 10%. It is total wrong to believe in bitcoin for your retirement savings because you can be disappointed at old age due to the volatile nature of bitcoin, because nobody knows tomorrow.

I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.

Exactly my point too. You cannot risk all your hard-earned savings into bitcoin and solely rely on it for your retirement. The volatility is so high that once your expectations are not met, you may end up dying with regrets. However, putting 10%-15% of your fiat into bitcoin is not bad at all. It could mean a very huge profits by then once bitcoin reaches its peak price. But if bitcoin value fails in the end, I would say it’s not a loss either since you only invest on the amount you can afford to lose.

Always consider out risks and just like the rest been saying that it is really that risky on going all in of your life savings into something which doesnt really give out assurance.This is why you should really be that sensible when it comes into your actions because there's no such thing about sure profits or give out guarantees that it could really be ending up on positive for the rest of our lives.Always have that balanced approach
which if you do really want or like to invest or put up money on bitcoin then 10-15% would really be that considerable and beyond those numbers are already considered out
to be a risky type of decision but since its your money then it would really be depending on  you.

[erep]

Always consider out risks and just like the rest been saying that it is really that risky on going all in of your life savings into something which doesnt really give out assurance.This is why you should really be that sensible when it comes into your actions because there's no such thing about sure profits or give out guarantees that it could really be ending up on positive for the rest of our lives.Always have that balanced approach
which if you do really want or like to invest or put up money on bitcoin then 10-15% would really be that considerable and beyond those numbers are already considered out
to be a risky type of decision but since its your money then it would really be depending on  you.

You are right, everyone has their own decision to determine the value of the investment but we have a normal limit to invest in bitcoin to avoid unpredictable bottoms, so I choose under 25% for bitcoin investment with long term DCA purchases so it's very it is not recommended to get all life savings for bitcoin investment because we will never know the future of crypto, we must also allocate savings for emergency needs in fiat because we have to have them when conditions are very urgent and efforts not to damage the bitcoin investment portfolio because we have reserve funds others for emergencies.

[panganib999]

I read this article last year and stumbled upon it again today. I find the article quite relevant in 2023, as bitcoin awareness spreads across the world. I feel there will be a positive correlation between its awareness and adoption. Supporters and believers in bitcoin would want to go the extra mile to show their belief in Satoshi's project. Let's talk about retirement. I have provided a snippet of the article below, along with some questions for discussion. I hope we can engage with it.

Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your employer, as the plan sponsor, has to agree to it.) Some investors may be wondering if cryptocurrencies have a place in their retirement savings. Many financial advisors say it can be part of a well-balanced investment portfolio, and have noted that clients have already been adding it to their investments outside of employer-sponsored retirement savings.

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I think when concerning retirement, the least of your worries is spending them all up before you die, and what you worry bout the most is counterintuitively, what if I lose all of this one day? If that even makes sense. But I digress, for me, as much as I love bitcoin and will continue supporting it, I don't think I will include it in my retirement plan. The risks are just too high to put at stake especially when you consider the fact that not only are you putting your money on the line, you're also putting the quality of your retirement days at stake, which is something that holds so much value especially when you get old and frail. That's just my personal opinion on the matter, and is only ever based on the current volatile nature of bitcoin, if it changes in the future, who knows? maybe I could go about investing a few of my savings there too!

[Oasisman]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Adding it into your traditional IRA will ensure the security that you that you'll get your Bitcoin when you get to the retirement age. However, when you decide to withdraw your Bitcoin for the reason that you want to sell it because the price might get too enticing for you, you'll have to pay a certain percentage for the penalty of early withdrawals. So, that makes having your own personal Bitcoin wallet for retirement an advantage, because you dont need to pay penalties when you decide to sell it off before your turn 60 or decide to leave employment for the rest of your remaining life.

[tiCeR]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I will consider bitcoin as part of my retire plan. If possible I can use the retirement plan for buying assets like bitcoin and gold, I will prefer that. I m not having the fiat mentality because fiat value will always get to reduce.

I am not a type that have to depend on anything like government or anything that have to do with retire plan because I work for myself. I prefer my savings for the future not to be in fiat, it is better if I have asset instead. During a massive bear market, it is another good sign that I should save in bitcoin.

I haven't heard of any country yet that allows for tax advantages or other benefits if you add Bitcoin to your long term retirement plan, but if Bitcoin adoption keeps growing and it also makes its way further into politics and legislation, that could accelerate its growth a lot. Some countries allow for stocks to be treated favorably as long as you add it to your retirement plan, but I fear that we are quite far away from Bitcoin getting such an approval. I wouldn't say it is impossible though, but rather a question of (quite some) time.

[STT]

I did consider it maybe 2018 and didnt do it, as always I was busy considering many other things.  Im already actively involved in BTC so the pension tends to be leave it alone type territory for fund placement and I was never that certain.  Obviously now I wish I had as the obvious sentiment low was a good place to be more bullish then the average viewpoint would ever give credence.  Presuming we're not deluded the active involvement of most people here gives us a clearer perspective then the majority peering into the goldfish bowl with warped views gifted by mainstream news etc.

[Darker45]

Bitcoin will, of course, always form part of my retirement savings. As a matter of fact, it's probably better this way rather than get into the most popular insurance packages here in my country. We have a government insurance system in place here. However, it is in deficit. There's no guarantee that it will still be able to pay its clients decades from now as its financial viability is under question. Simply said, it is poorly managed. Well, that's how it is with government agencies.

Furthermore, you can only enjoy it as soon as you reach 60 years old. I want to enjoy my savings long before my knees get weak and my interest to travel decreases. That's why Bitcoin is a must to my retirement savings. I want to retire early.

[bitzizzix]

As long as I bought it using money I can afford to lose I think choosing bitcoin as retirement savings is a good thing to do although I don't know how bitcoin will be in the future. But back to my belief and if I believe in the future or in my old days that bitcoin will be more valuable and profitable, I think there is no problem as long as I don't use important money for my life needs.
and I have a steady job and always receive a salary every month and I also save every month for sudden needs without using bitcoin, and for bitcoin apart from the results of my signature campaign I also only buy a small portion of my salary. Even if I have extra money after I put other needs first and that is also not mandatory.
so i do bitcoins as a fad and hope that in future or in retirement i can guarantee it and i am sure of it.

[xSkylarx]

Yep,I will love to add bitcoin to my retirement savings but just 10%. It is total wrong to believe in bitcoin for your retirement savings because you can be disappointed at old age due to the volatile nature of bitcoin, because nobody knows tomorrow.

I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.

Exactly my point too. You cannot risk all your hard-earned savings into bitcoin and solely rely on it for your retirement. The volatility is so high that once your expectations are not met, you may end up dying with regrets. However, putting 10%-15% of your fiat into bitcoin is not bad at all. It could mean a very huge profits by then once bitcoin reaches its peak price. But if bitcoin value fails in the end, I would say it’s not a loss either since you only invest on the amount you can afford to lose.

Just a portion of your retirement, not all of it, because the retirement should be spent for you to relax, but others used it to start businesses as they loved doing so, but having it all in Bitcoin is not that good because of the risk. We should always think about the risk side so that we are prepared for it. If ever I have a pension, when I retire, I will invest 30% of it and the rest will be spent to meet my needs.

[Davian144]

You are right, everyone has their own decision to determine the value of the investment but we have a normal limit to invest in bitcoin to avoid unpredictable bottoms, so I choose under 25% for bitcoin investment with long term DCA purchases so it's very it is not recommended to get all life savings for bitcoin investment because we will never know the future of crypto, we must also allocate savings for emergency needs in fiat because we have to have them when conditions are very urgent and efforts not to damage the bitcoin investment portfolio because we have reserve funds others for emergencies.

The point is that financial management in life must always be there because now money has to be placed into several different things so that it is no longer feasible to only put it in one place. Apart from having to invest and trade in order to have a velocity of money in life, we also have to save money as a reserve fund for life and for health funds so that it doesn't disrupt the investment portfolio like you said.

Some investments are still very worthy to choose from now and one of them is investment in Bitcoin because Bitcoin still shows better potential at the beginning of this month even though it is still seen moving in a zigzag manner, but the choice of investment is still very good because of the demand and supply this year still looks very strong in the market.

[Xcode7]

As long as I bought it using money I can afford to lose I think choosing bitcoin as retirement savings is a good thing to do although I don't know how bitcoin will be in the future. But back to my belief and if I believe in the future or in my old days that bitcoin will be more valuable and profitable, I think there is no problem as long as I don't use important money for my life needs.
and I have a steady job and always receive a salary every month and I also save every month for sudden needs without using bitcoin, and for bitcoin apart from the results of my signature campaign I also only buy a small portion of my salary. Even if I have extra money after I put other needs first and that is also not mandatory.
so i do bitcoins as a fad and hope that in future or in retirement i can guarantee it and i am sure of it.

that's very true, even though no one knows what the future of Bitcoin will be like but the belief that you have and also what is being done right now to save Bitcoin doesn't have a big impact on your finances then what you are doing is the right thing.
for those who have known Bitcoin for a long time of course that fear no longer exists, quite the opposite.

I have considered it for a long time and have decided to keep Bitcoin as my savings in the future and I prefer Bitcoin over gold or stocks, all that I do without any basis except my belief in Bitcoin in the future.