Retirement Investing - The Paradigm Shift

 "Crypto markets lost more than $270 billion just weeks after the department’s Employee Benefits Security Administration issued strongly worded guidance (CAR No. 2022-01) all but banning retirement plans from offering crypto assets." - Bloomberg Law, May 17, 2022

During the crash even stablecoins lost their ability to peg 1 to 1 to the dollar. 

Now the caution of the Labor Dept looks very smart. It had classified crypto in terms of investing for retirement as "speculative and volatile." And it had warned fund managers that it would probe the inclusion of crypto in retirement accounts. 

This, of course, is at a time when retirement accounts in general are taking a hit even when carefully and traditionally balanced with stocks and bonds. The whole idea of creating, preserving, and growing wealth for retirement is undergoing a paradigm shift.

Should we over-50 be in alternate investments - that is, if we have the funds to enter that territory? Also, we are focusing on those really safe harbors such as certificates of deposit. 

Could retirement- that is the old-fashioned notion of no longer working for income - become restricted to those who had enough money to do alternate or were just lucky? 

I have no plan to retire ever. But we know the joke about planning. Humans do that and the gods laugh.  I am focused on retirement investing as a way to make ends meet should my health go kaput. 

Connect with Editor-in-Chief Jane Genova janegenova374@gmail.com. 

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