Season 4

Cryptocurrency 101: All You Really Need to Know

Episode Notes

According to a new investor study from Ascent, 50 million Americans are likely to make their first investments in cryptocurrencies in the next year. The skyrocketing popularity of Bitcoin and other cryptocurrencies has convinced even former skeptics such as Warren Buffett that these digital currencies should be taken seriously. One reason why many doubters are becoming believers is because of the transformative blockchain technology that underlies cryptocurrency transactions. Blockchains are databases that record all transactions in a way that anyone can see and no one can delete or change, bypassing the need for banks, brokerage companies, or even advisors to serve as the middleperson for these transactions. Blockchains have become such a legitimate technology for digital transactions that even the U.S. government is now thinking issuing digital dollars at some point in time.

However, it’s important to remember that the reliability and transparency of Blockchain in no way lessen the highly speculative and unregulated nature of cryptocurrency trading. Those who are thinking about investing in any of the thousands of cryptocurrencies available may want to limit the amount of money they invest and treat it as a gambling activity—meaning they should be prepared to lose everything. Those starting out should stick with known cryptocurrencies like Bitcoin and Ethereum and use established exchanges like Coinbase and Kraken to trade them. Those who don’t feel comfortable purchasing cryptocurrencies directly may want to consider investing in exchange traded funds that invest in these digital currencies.

 

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Recent Podcasts

Season 7
Why Women are Leading Sustainable Investing

Show Episode Notes

In this episode, Pam, Terry and Richard discuss the pros and cons of socially responsible investing, whose increasing popularity is being driven mainly by women. In particular, they examine whether women sacrifice returns by investing in stocks or ESG funds that align with their personal values. The answer may surprise you.

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Season 7
5 Tips for 401(k) Rollovers

Show Episode Notes

Directly rolling over a 401(k) plan to an IRA with a custodian like Fidelity, Schwab or Vanguard is something most people should do as soon as possible after they retire. Why? Because most 401(k) plan investment options are designed for people saving for retirement, rather than for those who need their nest egg to generate income to help pay for everyday expenses. Rollover IRAs offer access to a wider variety of investment options, many of which may have lower expenses than the funds in your 401(k) account. But since you may need money in your IRA to last 20 years or more, you may not feel confident making your own investment decisions. A low-cost robo-advisor can automatically invest your rollover IRA money but won’t be able to answer your questions or address your concerns. That’s why it may be worth paying more for the services of a fee-only fiduciary financial advisor. They not only can manage your investments but can come up with a comprehensive plan to address the financial opportunities and challenges you may face during retirement. 

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Show Episode Notes

Podcast Hosts

Pam Krueger

Pam Krueger

Terry Savage

Terry Savage

Richard-Eisenberg

Richard Eisenberg

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