MusaPk
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March 02, 2023, 04:29:48 AM |
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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.
There are alternatives to 401k in almost every country. If you are doing a government job, then some fixed amount is deducted monthly from your salary and on retirement you will be given back that amount with some profit. That's how traditional model is working at the moment. But the way economies and Fiat are collapsing it won't be worth to rely on fiat based retirement plan. If I would be given a chance to invest in bitcoin based retirement plan then I will invest 40% in bitcoin and rest in fiat.
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Strongkored
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March 02, 2023, 05:44:37 AM |
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Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
Yes that's like DCA It would be great if I could have a retirement saving in crypto like Bitcoin, but I would prefer to keep it myself, not in a government-appointed institution because I feel safer seeing our savings in my personal wallet so I can keep monitoring that it's still safe and by remaining in our personal wallet we can determine for ourselves whether to keep it or exchange it for other types of investments that can also provide passive income when we retire.
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Faisal2202
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March 02, 2023, 06:15:14 AM |
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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?
Answers to your queries are very simple. Most of the Millennials are in the zone of Retirement and they are the one, who have seen everything (if they gave importance to technology) they must have seen the launching of btc from zero to hero. If yes, then they had seen everything. If not, they still have backward mindset (no offense) recognizing the importance of crypto is in itself a big riddle some people assume it good in the shadow of others or vice versa. Above graph is a survey's result by Morning Consult, You can check the percentage of Millennials interested in holding and selling and owning the crypto. This might give you an idea what Millenials would choose. Now come to Gen-z like me, if i had a job and i can add crypto to my retirement savings by 401(k) retirement accounts. Then i must say yes, that will be a good option for me. How? I have seen the adoption of blockchain, web3, nfts, crypto tokens smart contract and most of the all Meta and this is just beginning. In future these technologies will rule the traditional ones. So i am bullish towards crypto use cases. And willing to chose crypto as my retirement plan. But i would prefer to know somethings before like - As 401(k) retirement accounts, has tax relaxtion mechanism. Does it mean when in retirement i will withdraw my 1 to 5 btc i have to pay no or less tax. As the tax for withdrawing 1 to 5 btc in USA is around (lets say for long term is around 0% to 20%)
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ethereumhunter
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March 02, 2023, 12:57:22 PM |
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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.
There are alternatives to 401k in almost every country. If you are doing a government job, then some fixed amount is deducted monthly from your salary and on retirement you will be given back that amount with some profit. That's how traditional model is working at the moment. But the way economies and Fiat are collapsing it won't be worth to rely on fiat based retirement plan. If I would be given a chance to invest in bitcoin based retirement plan then I will invest 40% in bitcoin and rest in fiat. You can use 40% to invest in bitcoin but other people, they will use a different percentage from you because each person will not have the same needs in life. Before investing in any field, you must calculate all your monthly expenses so you will know how much money you still have and can start investing. But it could be that the plan works for some people who don't want to bother when they have to buy and invest their money in bitcoins because someone has set it up automatically. And when the time comes, they can receive the bitcoin and sell it according to their wishes or they will keep holding it until the price can be at the peak price, then they sell it.
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Doan9269
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March 02, 2023, 01:16:09 PM |
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If you're looking for an advanced means of securing the future in a more reliable way than the usual retirement savings plan then bitcoin is a good recommendation to go for because it helps the future looks bright with your investment in it, it also help it appreciate with time and you will enjoy the advantage under a decentralized network than the pension which is institutionized by a central authority, no risk or fear with your investment in bitcoin and yet you have a private life with your freedom on when to take your money or spend it than waiting on pension board to give you access.
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Uruhara
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March 02, 2023, 02:23:07 PM |
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I have thought about this over and over. even though I'm still young. but I already have a plan with savings for the future including retirement funds in it. I'm thinking of Bitcoin to put in it i.e. I'm going to collect it from now on and I'll keep it for the very long term. which I prepare for retirement funds later. The DCA method is also a method that I recently learned about. and I'm implementing it. But the funds that I use for bitcoin investment are not too much. I bought it with small funds. so that I am ready with all the risks that I take.
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mvdheuvel1983
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March 02, 2023, 03:33:18 PM |
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I like the point of view however I think that instead of saving some percentage of my retirement in Bitcoin why not start now to create an account where I just keep saving Bitcoin. It wouldn't matter if it is for retirement sake or for a house or for a car or four my child. Or just go on putting some percentage of my income in Bitcoin for as long as possible. And then eventually when I retire or if I retire I would have already saved up a good chunk of money in Bitcoin.
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tiCeR
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March 02, 2023, 05:00:04 PM |
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Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
Yes that's like DCA It would be great if I could have a retirement saving in crypto like Bitcoin, but I would prefer to keep it myself, not in a government-appointed institution because I feel safer seeing our savings in my personal wallet so I can keep monitoring that it's still safe and by remaining in our personal wallet we can determine for ourselves whether to keep it or exchange it for other types of investments that can also provide passive income when we retire. This is a very important point you raised here. Nobody would actually be in their right mind if they create a retirement plan with Bitcoin and deposit those funds into a government controlled centralized institution. That is really against the whole point of Bitcoin. If these retirement plans actually ever exist, there should be some coding mechanism that you can prove with to the government that you can't touch the wallet up to a certain point in time, or if you do any tax benefits or top ups granted from the government will be deducted again calculated according to a certain predefined table. I don't know exactly what the perfect solution could look like, but depositing Bitcoin into a government controlled custodial wallet for decades would make me nervous.
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Botnake
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March 02, 2023, 07:49:54 PM |
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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?
The right question is about how much bitcoin would anyone keep for retirement savings 100%, 75% or even 50% is just stupid. No one should do that, especially for retirement, which is a moment in life where you can't hold for years expecting the price to bounce back. A Retirement portfolio should be very conservative , and more than 10% in bitcoin ia just crazy. Unless you are really rich It’s actually a choice to be made by an individual. I don’t see any wrong investing bitcoin for retirement purposes, but make sure you know the risks about it and one should be responsible to entrust maybe 10-20% of his funds into bitcoin. Even 10% is actually good enough, as there are still chances that you will only lose from it once bitcoin price stops prospering. Though it’s still not certain, but at least we are open about it if ever that happens.
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coolcoinz
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March 02, 2023, 07:51:28 PM |
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I don't have a government retirement fund. I've always been avoiding social security as much as I could and instead buying properties and investing. I have some money in the bank, some real estate, and a lot of bitcoin. Maybe not a lot compared to what some people own, but a lot compared to my total savings. Probably 80% of my liquid assets is in bitcoin, so I don't need to add anything to my retirement fund. My retirement fund already consists of bitcoin.
If I had some money saved up for retirement, I wouldn't add it to my bitcoin stash. I'd feel that going over 90% is pretty bold, even an enthusiast like me, but if I had nothing I'd gladly choose as much as 50% of bitcoin exposure.
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Distinctin
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March 02, 2023, 08:17:55 PM |
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As a bitcoin supporter, would you consider adding bitcoin to your retirement savings The bitcoins I can put away are meant to become someday the bulk of my retirement savings. But that's the bitcoins I can earn and that I manage to not spend. The rest of my retirement savings come from the old channels, from the stable day job (but I expect that to just barely keep me fed). So if bitcoin goes to oblivion before I get to the retirement age, I won't remain 100% uncovered. However, the chances are small for that. If bitcoin gets to new highs... I hope I'll have the chance for a decent life at old age. But all that is really far. For now.. it's easier to just stack sats and don't think that far. Bitcoin’s future remains uncertain for now so it’s actually not bad to reserve some bitcoin for retirement so that if ever the price surges high, at least we can also benefit from it and will make our retirement days valuable. But let’s not also forget to secure fiat before bitcoin because it’s an obvious fact that fiat will still be highly needed in the future especially if we have some maintenance check ups and medicines that will help us live a longer life.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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NeuroticFish
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March 02, 2023, 08:47:29 PM |
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Bitcoin’s future remains uncertain for now so it’s actually not bad to reserve some bitcoin for retirement so that if ever the price surges high, at least we can also benefit from it and will make our retirement days valuable. But let’s not also forget to secure fiat before bitcoin because it’s an obvious fact that fiat will still be highly needed in the future especially if we have some maintenance check ups and medicines that will help us live a longer life.
The thing is... that nothing is certain. Not even fiat. And I don't mean the current day's inflation, which is still not huge (but far from small either). But look at Venezuela and their fiat. Do you really think that something like that (2018-2021) cannot happen to "better" fiat, like EUR or USD? Not now, but maybe in 20 years? Never say never. That's why keeping some eggs in more baskets is the best... if one can afford that.
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Vaculin
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March 02, 2023, 09:45:09 PM |
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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. Well, established assets are more proven to see progress in the long term, so I would not become hesitant to accumulate more assets as much as I can. And I think bitcoin is a profitable asset as well, but still knowing the price has no guarantee if it may grow or drop in the long term, then I should invest on it responsibly. I can start with a small portion for bitcoin and just do DCA whenever I have spare money to risk on it.
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Viscore
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March 02, 2023, 09:52:15 PM |
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As a bitcoin supporter, would you consider adding bitcoin to your retirement savings The bitcoins I can put away are meant to become someday the bulk of my retirement savings. But that's the bitcoins I can earn and that I manage to not spend. The rest of my retirement savings come from the old channels, from the stable day job (but I expect that to just barely keep me fed). So if bitcoin goes to oblivion before I get to the retirement age, I won't remain 100% uncovered. However, the chances are small for that. If bitcoin gets to new highs... I hope I'll have the chance for a decent life at old age. But all that is really far. For now.. it's easier to just stack sats and don't think that far. Bitcoin can be a great source for retirement especially if it’s value grows consistently, which means we can be sure of making our last days more memorable and valuable. But if it ends up the other way around, we will also suffer and dealing with it could be hard especially in our retirement days. The reason why we need to balance our retirement, we can invest in fiat as well as in bitcoin too. That way, we will never suffer and struggle in the end if ever one of them fails.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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KennyR
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March 02, 2023, 10:51:05 PM |
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As a bitcoin supporter, would you consider adding bitcoin to your retirement savings The bitcoins I can put away are meant to become someday the bulk of my retirement savings. But that's the bitcoins I can earn and that I manage to not spend. The rest of my retirement savings come from the old channels, from the stable day job (but I expect that to just barely keep me fed). So if bitcoin goes to oblivion before I get to the retirement age, I won't remain 100% uncovered. However, the chances are small for that. If bitcoin gets to new highs... I hope I'll have the chance for a decent life at old age. But all that is really far. For now.. it's easier to just stack sats and don't think that far. Bitcoin can be a great source for retirement especially if it’s value grows consistently, which means we can be sure of making our last days more memorable and valuable. But if it ends up the other way around, we will also suffer and dealing with it could be hard especially in our retirement days. The reason why we need to balance our retirement, we can invest in fiat as well as in bitcoin too. That way, we will never suffer and struggle in the end if ever one of them fails. Retirement fund is most important thing in one's life. When it comes to retirement fund, the beneficiary needs the market to be on the bullish side. If not this could make them feel worried as their life completely depends on it. As mentioned a diversified investment is better, if not we should have a regular amount invested during our earlier days and when we move to retirement we'll surely have good bounce in the capital investment. Maybe cashing it out will let us have a better life for long than depending on the volatile market.
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fuer44
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March 02, 2023, 11:10:21 PM |
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No, because that won't make us enjoy in old age, it will actually make old age on worried anytime. We all know that bitcoin and all crypto has a fluctuating value and it is impossible for us to keep it in old age. For Retirement Savings, simply by using the savings that have been collected from youth, that already makes us enjoy with a cup of coffee in the morning.
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batang_bitcoin
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March 02, 2023, 11:13:44 PM |
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No, because that won't make us enjoy in old age, it will actually make old age on worried anytime. We all know that bitcoin and all crypto has a fluctuating value and it is impossible for us to keep it in old age.
We can keep it even it ages in time and that's what I'm doing. For Retirement Savings, simply by using the savings that have been collected from youth, that already makes us enjoy with a cup of coffee in the morning.
We don't live only for one morning at a time. Joking aside, yeah that's what retirement savings is for. We have to prepare for our future so that every morning we've got some meals to eat. There are a lot of oldies that haven't planned their retirement and it's due to the circumstances that they've faced when they're younger. It's like having no financial education at all on the early days while us, we're lucky to have such discussions wherein we can think of what we must do in the future in preparation of our tiring days.
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Rent this sig space so that BTC goes to $100k.
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harizen
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March 02, 2023, 11:49:08 PM |
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Regardless of anything, considering adding bitcoin to our savings does make sense.
If possible that we can include it in our savings, it's worth a shot. We don't like to rely on speculative market trends in crypto but there are lots of reasons to consider adding bitcoin as part of our financial plan.
Much better to slowly plan it for now while we are still capable of doing our respective financial source of income.
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Davian144
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March 03, 2023, 09:32:37 AM |
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No, because that won't make us enjoy in old age, it will actually make old age on worried anytime. We all know that bitcoin and all crypto has a fluctuating value and it is impossible for us to keep it in old age. For Retirement Savings, simply by using the savings that have been collected from youth, that already makes us enjoy with a cup of coffee in the morning.
You say things that are indeed logical, but please also note that each savings will always be valuable and will not be wasted in vain if it is a valuable asset. Because even though in old age someone who has saved Bitcoin can not enjoy it anymore due to an old age with no more needs. He can immediately give the savings to his own family as his next generation while teaching about how to get it and also use it in a good place so as not to be wasted. Because it is true that in old age everyone does not need too much money even though he has to maintain a healthy body with a regular diet and by eating nutritious food.
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TheGreatPython
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March 04, 2023, 06:51:44 AM |
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Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
Yes that's like DCA It would be great if I could have a retirement saving in crypto like Bitcoin, but I would prefer to keep it myself, not in a government-appointed institution because I feel safer seeing our savings in my personal wallet so I can keep monitoring that it's still safe and by remaining in our personal wallet we can determine for ourselves whether to keep it or exchange it for other types of investments that can also provide passive income when we retire. The purpose of bitcoin is to remove the third party so it makes sense if you hodl the bitcoin in your own wallet than entrusting them to someone else like what is usually done in retirement plans and insurances. Here in our country I always hear an anomaly about it. There will always be people who complain that their savings gets lessened overtime even though they haven't made any loans yet but a lot of the employees of those company are already kicked out and now in jail because they are guilty of the said act. Not only sure if that also happens to other countries. Having an addition aside from our retirement savings is always a good idea and bitcoin is one the best candidates for it.
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