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AARP Senior Policy Expert David John Warns Bitcoin Is Not Appropriate For Retirement
Summary: David John, a senior policy advisor at AARP Policy Institute warns Bitcoin is not appropriate for retirement. “Crypto itself is fascinating, and intriguing as it starts to develop, but it's still in its early phases. And it is definitely not appropriate for retirement investing,” John says. “The fact is that for retirement investing, you want ...
David John, a senior policy advisor at AARP Policy Institute warns Bitcoin is not appropriate for retirement. “Crypto itself is fascinating, and intriguing as it starts to develop, but it's still in its early phases. And it is definitely not appropriate for retirement investing,” John says. “The fact is that for retirement investing, you want growth, and you want a limited amount of volatility. The older you get, the less you want your portfolio to gyrate up and down, because it makes it very hard to plan your retirement income.”
The goal of retirement accounts, for people of any age, he says, is to have earnings compound (tax deferred) over time and then to ramp down risk as one gets older.
By Amy Liu
Tags: Bitcoin,David John,Retirement
Link: AARP Senior Policy Expert David John Warns Bitcoin Is Not Appropriate For Retirement [Copy]
