Anne Tergesen
speaker
4,485 appearances
83 recordings
1 series
first heard Jul 2017
last heard Feb 2025
Anne Tergesen’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
WSJ Your Money Briefing · Cryptocurrency as a 401(k) Investment Option: Pros and Cons · 7 Nov 2022
podcast
As we've seen over the past year, we've seen Bitcoin alone fall from almost $70,000 in price to about $20,000.
matched
So it's a highly volatile asset class.
matched
And I think a lot of companies are very wary about adding it.
matched
That's right.
matched
Last March, the Labor Department issued some guidance for companies to exercise extreme care before considering adding cryptocurrency to a 401k menu.
matched
Well, the people who are proponents for it argue that Bitcoin and cryptocurrency and blockchain have applications to our real world lives and that they're going to, similarly to the way the internet in its early days, a lot of people viewed it with skepticism, but it became something that's sort of embedded in almost every business model in the country.
matched
Proponents of cryptocurrency argue that the same thing is going to happen with cryptocurrency and blockchain.
matched
And so as a long run proposition, there's value to companies offering their employees the opportunity to get exposure to these investments through the 401k plan.
matched
I think most people would argue that, you know, given the desire to have a diversified portfolio, that something as volatile as cryptocurrency, if included at all, should be included to a pretty small extent.
matched
Stocks are also volatile investments, as we've seen over the past year.
matched
However, they're nowhere near as volatile as Bitcoin or cryptocurrency.
matched
Thanks for having me.
matched
You know, so that COLA failed to keep people up with inflation this year.
But, you know, but now we're getting a bigger increase that will in some ways make up for that.
Thanks for having me.
The cost of living adjustment to Social Security is designed to compensate people for inflation.
And so it's rising so much just because inflation is really high.
And how it's calculated is a bit arcane, but they look at one of the inflation indexes that the Labor Department puts out, which is specifically called the Consumer Price Index for urban wage earners and clerical workers.
They look at the data for that index for July, August, and September, and they compare it to the same period from the prior year.
So they look at the increase in prices over that period.
Showing 1301–1320 of 4,485 · page 66 of 225
← Previous
Next →