Betting on bitcoin for your retirement isn't just risky—it's expensive.
Last March, bitcoin traded at around $1,000 a coin. Later in December, it was more than $19,000. This week, it's back around $11,000.
Type into Google,"bitcoin IRA" and you'll see a torrent of advertisements. But proceed with caution: These accounts come with heavy fees and risk. So if you want to invest your retirement savings in cryptocurrencies, you'll need what's known as a"self-directed" account, which you can fill with almost anything .
By comparison, many traditional IRA accounts come with no annual or opening fee. They do often charge small transaction fees when you buy or sell an investment. Fidelity's fee, for example, is $4.95. There can be other fees on your investments, including underwriting and low balance charges, as well as fees the underlying mutual funds assess, that you should check for.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Tips for Using a Roth IRA to Save for CollegeExperts answer your questions about the best ways to save for college, including how to use tax-advantaged '529' accounts
Consulte Mais informação »
Why You Should Let Children Know About Their InheritanceRetirement columnist Glenn Ruffenach also answers questions about planning second careers and rules about IRA contents.
Consulte Mais informação »
Why there's never been a better time for millennials to contribute to a Roth IRAWhy there's never been a better time for millennials to contribute to a Roth IRA via CNBCMakeIt
Consulte Mais informação »
Rouhani says Iran ready to expand gas, power trade with Iraq: TVIranian President Hassan Rouhani called on Saturday for Iran and neighboring Ira...
Consulte Mais informação »
Hunt's tomato paste is being recalled after customers reported finding mold inside cansHunt's tomato paste is being recalled after customers found mold inside of the cans.
Consulte Mais informação »
Some cans of Hunt's tomato paste recalled over mold concernsCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Consulte Mais informação »
Why there's never been a better time for millennials to contribute to a Roth IRAWhy there's never been a better time for millennials to contribute to a Roth IRA via CNBCMakeIt
Consulte Mais informação »
Tips for Using a Roth IRA to Save for CollegeExperts answer your questions about the best ways to save for college, including how to use tax-advantaged '529' accounts
Consulte Mais informação »