Crypto retirement plans rework Skittish 401 (ok) s danger averse
The cryptocurrency boom that turned some lucky home investors into night millionaires should be used to prop up employee retirement plans, say proponents of getting digital money in employer-sponsored 401 (k) s.
Plan sponsors are feeling pressure from workers and a growing number of fintech firms to incorporate cryptocurrencies into their investment plans. A burgeoning technology-based 401 (k) market aims to level the playing field by giving the working class the chance to benefit from the same growth that billionaires and big-name companies have enjoyed for years.
401 (k) s, who make up the vast majority of Americans’ retirement savings, have tried on …