• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Cryptocurrency Hackers

What to know before adding cryptocurrency to your retirement portfolio – CNBC

Admin by Admin
July 26, 2021
in Cryptocurrency Hackers
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

July 1, 2022
Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

July 1, 2022

Dado Ruvic | Reuters

As older Americans worry about the size of their nest eggs, some may eye riskier assets, such as cryptocurrency, to cover their shortfall with the possibility of higher returns.

“It’s a tough predicament, and I think a lot of people will find themselves in that space,” said certified financial planner Ivory Johnson, founder of Delancey Wealth Management in Washington.

About 75% of non-retired U.S. adults have some retirement savings, according to the Federal Reserve’s 2020 Report on the Economic Well-Being of U.S. Households. However, only 36% of non-retired adults said their nest egg is “on track,” the report said. 

With low interest rates and climbing inflation, some older Americans are feeling pressure to boost returns by increasing portfolio risk, Johnson said.

However, some advisors say assets like cryptocurrency may not match a retiree’s risk tolerance and investing timeline.

“I’m never a fan of cranking up the risk on a portfolio to try and make back lost time,” said financial planner Zechariah Schaefer, founder of Ascent Personal Finance in Lynchburg, Virginia.

I’m never a fan of cranking up the risk on a portfolio to try and make back lost time.

Zechariah Schaefer

Founder of Ascent Personal Finance

Cryptocurrency has been particularly volatile, performing in exaggerated boom and bust cycles, in relatively small periods of time, compared to the traditional stock market, he added.

Instead, older Americans may explore other ways to bring in more income and boost savings. 

A couple of options may be working longer or semi-retirement. If someone is healthy enough to work part-time through their 60s and 70s, the extra income may make a difference, Johnson said.  

When to add cryptocurrency to a retirement portfolio

If a client lacks sufficient retirement savings, advisors aren’t likely to suggest cryptocurrency as the solution. However, guidance may change if retirees have a sizable nest egg and more than enough income, said Johnson.

For example, let’s say a retired couple easily covers their living expenses with a pension and Social Security income. If they don’t need the funds from their individual retirement account, and they plan to give it to their children, there may be more wiggle room, he said. 

“We’re going to manage it as if it’s your children’s money,” Johnson said.

More from Portfolio Perspective

Here’s a look at other stories impacting portfolio planning and retirement saving:

With a longer investing timeline, those retirees may consider small amounts of cryptocurrency, assuming it aligns with their risk tolerance.

“If you have money lying around, and it’s not going to detract from the lifestyle you want to live in retirement, I say go for it if they want to,” said Schaefer.

Be proactive with security

Someone eager to invest in cryptocurrency also needs to consider the possibility of security issues. 

For example, digital currency exchanges may be susceptible to hackers, or investors may lose their hard wallets, which store private keys to access their funds, said Schaefer. 

Those who want to keep currency on an exchange may opt for U.S.-based companies with a longer history, such as Coinbase or Gemini. 

However, investors still need to guard their accounts with strong passwords and two-factor authentication, preferably with an app vs. text message, Schaefer said.

“If you use an authenticator app, it adds another layer of protection,” he said.

Share76Tweet47

Related Posts

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

by Admin
July 1, 2022
0

What happened: A Bitcoin BTC/USD whale just sent $77,199,827 worth of Bitcoin off Coinbase.The BTC address associated with this transaction...

Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

by Admin
July 1, 2022
0

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable,...

Investing in cryptocurrency? What you need to know first – The Telegraph

Investing in cryptocurrency? What you need to know first – The Telegraph

by Admin
July 1, 2022
0

According to CoinMarketCap.com, there are nearly 20,000 unique cryptocurrencies and counting.1 That’s a lot of potential options for investors to...

Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News – Cryptonews

Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News – Cryptonews

by Admin
June 30, 2022
0

Source: AdobeStock / Richie ChanGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under...

North Korea is likely culprit behind $100 million crypto heist, researchers say – CNBC

North Korea is likely culprit behind $100 million crypto heist, researchers say – CNBC

by Admin
June 30, 2022
0

A photo illustration showing the North Korean flag and a computer hacker.Budrul Chukrut | Sopa Images | Lightrocket | Getty...

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022
DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

April 15, 2021
Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0
Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

July 1, 2022
After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

July 1, 2022
Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

July 1, 2022
Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

July 1, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack