Department of Labor notices in 2020 and 2021 lumped “climate change” with other environmental, social, and corporate governance concerns that the DOL initially said should generally not be considered when selecting retirement plan investment offerings (see “DOL to Plan Sponsors: ‘It’s All About the Benjamins!’”), but then clarified should only be...
Domain Money founder and CEO Adam Dell argues ‘each individual needs to determine for themselves what level of risk is appropriate given their situation.’ Domain Money founder and CEO Adam Dell told “Mornings with Maria” on Tuesday that Fidelity allowing Bitcoin in 401(k) accounts is a “great development” for the...
In the spring of last year, I finally aped in. Cryptocurrency had been on my radar for a while, but I hadn’t taken the time to learn how it worked or why it had appeal. That changed after learning about the Bored Ape Yacht Club (BAYC). Like almost every startup...
One of the big questions many retirees like me ask ourselves is: How should I be investing my money wisely? Until recently, the answer came down to making smart choices among stocks, bonds and cash — possibly real estate and precious metals. But should it now also include cryptocurrency? The...
Placeholder while article actions load I tried not to look at my 401(k), but I capitulated to my curiosity. Stock market volatility has put a significant dent in my retirement portfolio. You may have seen it if you’ve looked, too. And it’s not just your stock holdings that may be...
In the interests of spurring some discussion (and perhaps a few thousand “clicks”), some thoughts on cryptocurrency and its (current) place within retirement plans. Crypto is Not ‘a’ Thing First and foremost, “crypto” is not one thing, it’s several “things”—and there’s enough difference in those things to not only warrant...
US Senators Elizabeth Warren and Tina Smith have expressed their deep concerns over Fidelity’s Bitcoin (BTC) 401k pension plan. They have said in their letter to Abigail Johnson, CEO, Fidelity, that crypto might be too risky an investment option for retirement savers. Click here to read more about Fidelity’s Bitcoin...
Two U.S. senators have written to Fidelity Investments CEO Abigail Johnson, asking why the company decided to offer cryptocurrency as a stand-alone investment in clients’ 401(k) plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’...
Sen. Elizabeth Warren (D-Massachusetts) is calling on Fidelity Investments to explain its decision to allow its investors to add Bitcoin BTC/USD to their 401(k) retirement accounts. What Happened: Warren and Sen. Tina Smith (D-Minnesota) sent a letter to Fidelity CEO Abigail Johnson expressing concern about the company’s new Digital Assets...
The Department of Labor earlier this year published guidance on employee retirement programs that offer cryptocurrency investments. Fidelity Investments’ take: Not helpful. Why it matters: Fidelity’s intention to offer a retirement plan with bitcoin later this year is testing the government’s understanding of the crypto market and how it relates...
