Anyone else treat their crypto investment as another type of retirement fund?

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by COINS NEWS 11 Views

We all have different goals for reasons why we invest. I just wonder how many people use this asset class as a way to plan for retirement?

I would expect most people who are financially literate strive for a decent paying job at the fiat mine, contribute to a 401k with a company match, contribute to an IRA (Roth or traditional), and then there are additional investments to earn a return.

If you are only investing into crypto what you are okay losing, then I’d expect no one to “need” those funds to pay living expenses. If your goal is to finance a new house, buy an engagement ring, pay off debt (CC, student loans, etc) — then that is an attainable goal. But other than that, if you plan on holding long term, or at least take profits at ideal times in the market, it’s just another solid source of income that can grow for retirement, but without early withdraw penalties.

I guess the better goal would be using crypto for early retirement. We all hope to become rich but setting realistic goals is important so you know when to take profits.

submitted by /u/z0uNdz
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