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Experts predict a coming retirement crisis, and at this stage, it’s just a question of when. Today, it’s more expensive than ever before to retire, and the simple fact of the matter is the fact most Americans simply don’t have enough money saved. That trend doesn’t seem to be getting any better either: whether due to bitcoin roth ira or even the rising costs of just living, a lot more people haven’t increased the amount they’ve saved when compared with last year.

Fortunately, there are ways to beat the challenges facing those saving for retirement today, but first it’s better to be aware of the current landscape which makes doing that difficult. Retirement Accounts in Bad Shape – Or Nonexistent

What’s creating the retirement crisis? A truly alarming level of Americans are just unprepared for that financial realities of retiring. The executive director of Georgetown University’s Center for Retirement Initiatives, Angela Antonelli, told PBS Frontline that “The reality is while we look at what people have set aside for retirement today they haven’t put a whole lot away for those who are age 65.” According to a study from PBS Newshour, nearly 50 % of retirement aged Americans have under $25,000 saved. Worse still, another twenty 5 percent have less than $one thousand saved.

A Bankrate survey took a look at American financial security and discovered some answers. Reporting that Americans didn’t put money into retirement because incomes in comparison to a year ago either stayed the identical or actually dropped, the survey also cited federal data that shows real wages have barely budged in decades – both major contributors for the retirement crisis.

Touting analysis by the Pew Research Center, the survey went on to express that based on the current average hourly wage, purchasing power is identical today it is in 1978 after adjusting for inflation. This, alongside increasing housing costs and rising prices for consumer goods signifies that more Americans are feeling the pinch.

Greg McBride, chief financial analyst with Bankrate.com, states that “Stagnant income and rising household expenses mean there is little financial wiggle room for a lot of Americans.”

Benefits of Portfolio Diversification – Just how can people prevent the retirement crisis? A bitcoin ira investing is one smart strategy. Diversification, defined by Investopedia as “a technique that reduces risk by allocating investments among various financial instruments, industries, along with other categories,” the goal of diversification is to maximize return by investing in different areas that could each react differently for the same event.

That is, possessing a diverse portfolio made up of unrelated investments would offer protection against a volatile market. A dip in the stock exchange, for instance, would expose a venture capitalist who had diversified their savings into, say, property and cryptocurrency, to less risk than an investor who had only dedicated to mutual funds stocks, and bonds. In accordance with research conducted by Ark Invest and Coinbase, “Bitcoin is the only asset that maintains consistently low correlations with almost every other asset,” rendering it a solid candidate for portfolio diversification.

Cryptocurrency and Retirement – Despite market dips, many experts believe that the long term outlook for crypto is positive. Although it’s now been pushed to early 2019, major players including Starbucks, Microsoft, kuxwkr several others are working together to create a major cryptocurrency platform called Bakkt, which experts say is a giant vote of confidence down the road of digital currency. “This is large news,” CEO of BK Capital Management Brian Kelly told CNBC’s Fast Money. Kelly also manages blockchain-focused BKCM Digital Asset Fund.

“They’re referring to getting this into your 401(K). They’re speaking about within your … Fidelity or TD Ameritrade account, you’re going to be able to get a bitcoin ETF, bitcoin ira investing. It expands the universe,” Kelly said.

Having a move that brings cryptocurrency as far into the mainstream as a Grande Frappuccino, digital coins gain a level of institutional trust they didn’t have before, as well as an air of legitimacy among everyday consumers, potentially ultimately causing even more widespread adoption. Will this result in a steady upward climb for crypto after the correct market corrections settle down, rendering it a safer bet for retirement? Some experts are bullish.

“Traditionally volatility scares most investors regardless of asset class,” Christopher Bates, a former member of the NYSE, told Forbes. “Bakkt will draw resources from reputable companies with knowledge in fields of risk management and technology to make a federally regulated platform. Once investors feel at ease trading in a regulated environment volatility should ease.”

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