RATE Group | Retiring on Bitcoin? SEC Warns Against New Cryptocurrency IRAs
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Retiring on Bitcoin? SEC Warns Against New Cryptocurrency IRAs

14 Aug Retiring on Bitcoin? SEC Warns Against New Cryptocurrency IRAs

Posted at 08:39h in Cryptocurrency News by

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As cryptocurrency delves deeper into mainstream territory, more customers are viewing it as a valid solution to their retirement needs. Unfortunately, the Securities and Exchange Commission (SEC) is advising against this and telling people to avoid bitcoin or cryptocurrency-based IRAs whenever they can.

Retirement: Considerably Joy, or Considerable Trouble

Retirement can be one of the greatest times of your life. It all depends on what you have saved up, and how careful you’ve been with money while you were working. Granted you’ve invested well during your youth and put money away, your “golden years” could be bright and filled with joy…

Cryptocurrency IRAs

“Hide the Pain Harold” Image from Hungary Today

But if you run out of funds early, that can be a major issue. You may find yourself having to return to work at an age when physical labor is difficult, or when the competition is younger and more able. Either way, not having enough to your name when it’s time to hang the boots up…

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