Unconfirmed: Want Crypto in Your 401(k)? It's Finally Possible -- With This Provider - Ep.245
ForUsAll recently announced a new product that will allow cryptocurrency investments to be made inside 401(k) retirement accounts. Jeff Schulte, CEO of ForUsAll, discusses why putting crypto in a 401(k) is such a game changer, how this differs from Bitcoin IRAs, and more! Show highlights:
- how bringing crypto into a 401(k) with ForUsAll will work
- what “guardrails” ForUsAll is placing on investors who choose to invest in crypto
- the tax advantages of purchasing crypto within a 401(k)
- whether ForUsAll is offering a Roth IRA
- why nobody has offered crypto within a 401(k) before now
- what differentiates a crypto 401(k) from a self-directed IRA
- what are the fees for the 401(k), who it will be available to, and when it will launch
- how security and keys are being handled
- why ForUsAll is not offering every token available on Coinbase
- how ForUsAll is determining which cryptos will be available to trade
- why offering crypto ETFs through a 401(k) may cause problems regarding the fiduciary risk of employers
- what new crypto features ForUsAll is excited to roll out
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
NEAR: https://near.org
Episode Links
Jeff Schulte: https://www.linkedin.com/in/jeffschulteproductmanagment/
ForUsAll: https://www.forusall.com/ + https://twitter.com/ForUsAll401k
Coinbase partnership: https://www.wsj.com/articles/coinbase-teams-up-with-401-k-provider-to-offer-crypto
https://fortune.com/2021/06/10/coinbase-crypto-401k-roth-offering-forusall/
https://www.theblockcrypto.com/post/108034/coinbase-forusall-401k-advisor-crypto-retirement-accounts
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