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I'm A Big Believer In Crypto Should I Keep Maxing Out My Roth Ira?
1 Answers
So far I have been maxing out my Roth IRA for the past 3 years but now I'm beginning to think its a waste of time. Why max out a Roth IRA if I believe the US Dollar is losing tons of value annually? The US debt is increasing on a mass scale, Biden keeps printing off money, more stimulus checks, lockdowns, etc. Everything is ruining the US dollar.
I literally max out my Roth IRA then put the rest in cryptocurrency. Should I just forget about my Roth? I'm not sure if I should or not.
I literally max out my Roth IRA then put the rest in cryptocurrency. Should I just forget about my Roth? I'm not sure if I should or not.
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.Cryptocurrencies are, in effect, a form of gambling. If you're a risk-taker, and you can afford to make a loss, stick with them. Otherwise only invest as much money as you're prepared to put at risk.
With regard to the advantages, or otherwise, of keeping money in a Roth IRA though, you might be better posting on a US-based website (such as Quora or Stack Exchange), rather than this UK-based one, as the term 'Roth IRA' is completely unknown to we Brits.
With regard to the advantages, or otherwise, of keeping money in a Roth IRA though, you might be better posting on a US-based website (such as Quora or Stack Exchange), rather than this UK-based one, as the term 'Roth IRA' is completely unknown to we Brits.
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