How can I use my Voya 401k to invest in digital currencies?

3 answers

• Mar 18, 2022 · 3 years ago
  You can use a self-directed IRA to invest in digital currencies through your Voya 401k. This allows you to have more control over your investments and diversify your portfolio. However, it's important to note that investing in digital currencies can be highly volatile and risky, so make sure to do thorough research and consult with a financial advisor before making any investment decisions.
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• Mar 18, 2022 · 3 years ago
  Investing in digital currencies with your Voya 401k can be a great way to potentially grow your retirement savings. However, it's important to understand the risks involved. Digital currencies are known for their volatility, so it's crucial to have a long-term investment strategy and be prepared for potential losses. Additionally, make sure to comply with any regulations and tax requirements related to investing in digital currencies through your retirement account.
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• Mar 18, 2022 · 3 years ago
  BYDFi, a digital currency exchange, offers a platform that allows you to invest in digital currencies using your Voya 401k. With BYDFi, you can easily manage your investments and track your portfolio's performance. However, it's important to remember that investing in digital currencies carries risks, so it's essential to do your own research and make informed investment decisions. Always consider your risk tolerance and consult with a financial advisor if needed.
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