Anne Tergesen

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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.

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WSJ Your Money Briefing · Should You Add Bitcoin to Your 401(k) Retirement Plan? · 4 May 2022 podcast

And I think what individuals need to be aware of is just a bunch of things, really. matched

Does this suit their risk profile? matched

I mean, Bitcoin is very volatile. matched

It's lost about 40% of its value since last November. matched

Is that something that you as an investor can withstand having in your portfolio? matched

It's also the option that Fidelity plans to offer people costs significantly more than many of the mutual funds that people typically have available in some of these larger matched

401k plan. matched

So you have to consider the cost of it. matched

You also have to consider whether putting it in the 401k is really the best thing. matched

If you're convinced that you want to own cryptocurrency, that you want to own Bitcoin, you know, it's not necessarily a no brainer to put it in the 401k. matched

There are other options, including a taxable account, which you can just sign up for through certain brokerage firms like Robinhood and Coinbase that people can invest in cryptocurrency through. matched

Well, if you want to own Bitcoin, then you have to think about really the taxation that's going to drive the decision. matched

So people who are like, you know, frequent traders, if you own it in a taxable brokerage account, you can rack up a lot of tax bills that way. matched

So those people might be better off putting it in a retirement account where they can shelter. matched

The gains, those are tax-deferred. matched

And if you expect it to appreciate by a very large amount, then a Roth IRA is your best bet because that's where you can get tax-free appreciation, assuming you are over age 59 1⁄2 when you liquidate and you've held the IRA for five years. matched

However, if you aren't going to trade frequently, there is a strong argument for putting it in your taxable brokerage account because there on any gains, you will pay the capital gains tax rate. matched

Whereas if you put it in a traditional 401k, you're going to pay the income tax rate when you take your withdrawals. matched

So first of all, in a 401 , I think people should realize the typical portfolio in a 401 is a mix of stocks and bonds, right? matched

But stocks are risky assets, and people need to realize that. matched

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