Don’t limit your current retirement plan investment options!
Non-traditional assets are used by those looking for investments into other potential growth or diversification strategies that go beyond the traditional sense of investing (e.g. mutual funds, ETFs, etc.).
Digital assets or cryptocurrencies, such as Bitcoin, is one of these non-traditional assets. For those who are unfamiliar with the concept, cryptocurrencies allow individuals to purchase goods and services, or trade them for profit, much like any other currency. However, “unlike other currencies, cryptocurrencies are digital and use cryptography to provide secure online transactions.”
Earlier this year, the “world’s first Bitcoin 401(k) plan” was introduced through a four-way strategic collaboration between Bitwage, Leading Retirement Solutions, Kingdom Trust, and Gemini. This cutting edge retirement plan solution means companies can now legally offer employees the ability to invest traditional/pre-tax and roth/post-tax 401k dollars into Bitcoin.
Implementing alternative investment strategies such as private stock, qualified employer securities, joint ventures, real estate, hard money lending, agriculture/maritime rights, Bitcoin, and other types of loans and liens may provide an opportunity to diversify your portfolio depending on your risk tolerance. There’s no denying that for most individuals, many of these nontraditional strategies can feel complex and difficult to understand. Considering the significance and risk involved in retirement planning, don’t rush into things! If you are concerned about investing in Bitcoin, don't hesitate to consult with a certified financial advisor.
If you would like to implement nontraditional investment strategies into your retirement plan, feel free to view our nontraditional plan information.
For more tips and information regarding retirement plans, contact us.
