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A retirement investment portfolio should include a diverse mix of assets in order to reduce your risk. But should cryptocurrency be one of them? Before you buy any cryptocurrencies as a retirement investment, there are a few things to consider.<\/p>\n
The first main obstacle that you’re likely to encounter is that you might not be able to add cryptocurrency to your retirement investment portfolio. If you’re using a workplace 401(k)<\/a>, chances are that you’re limited to investing in pre-selected funds, and cryptocurrencies won’t be among the assets you can invest in.<\/p>\n If you’re using a self-directed 401(k), you can choose to invest in crypto if you want. You can also opt to open a traditional or Roth IRA with a brokerage firm that allows you to invest in cryptocurrencies. And some platforms that specialize in cryptocurrencies allow users to open an IRA as well.<\/p>\n\n \u25ba\u00a0The\u00a0Daily\u00a0Money:\u00a0<\/strong>\u00a0Get our latest personal finance stories in your inbox<\/a><\/p>\n But neither Roth nor traditional IRAs provide an employer match, as most 401(k)s do. And there are income limits for who can take advantage of these accounts that don’t apply to 401(k)s.<\/p>\n So if you’re considering making crypto part of your retirement portfolio, you’ll first need to address these logistical issues to see if it’s possible to do so.\u00a0<\/p>\nCryptocurrencies are a volatile, risky investment<\/h2>\n