DAiM Launches First Company-Sponsored Retirement Plans Supporting Bitcoin
Are you ready to revolutionize your retirement savings? Digital Asset Investment Management (DAiM) has just launched the first company-sponsored retirement plans supporting bitcoin. Yes, you read that right – you can now invest in bitcoin through your 401(k) plan!
After a year-long test, DAiM is now offering companies the opportunity to create a 401(k) plan that allows for a maximum allocation of up to 10% in bitcoin, alongside traditional assets. This move comes as a response to the increasing demand from individuals looking to invest in bitcoin within their retirement accounts.
But how does it work? DAiM will serve as an adviser and fiduciary, helping companies set up ERISA-compliant plans that include cryptocurrency. The bitcoin associated with these plans will be held in cold storage custody by New York-regulated Gemini Trust, ensuring the security of your investment.
Individuals can choose to increase their exposure to bitcoin after consulting with DAiM, and they can even transfer their pension bitcoins if they switch jobs. Companies interested in offering this new product to their employees in 2021 need to act fast and put the plan in place by mid-December 2020.
“We believe bitcoin has demonstrated it has a place in the modern portfolio and individuals should have an opportunity to ‘Get Off Zero’ and invest directly through their retirement account,” said DAiM in their announcement. With bitcoin being recognized as an inflation-hedge and reserve asset by public companies and prominent investors, now is the perfect time to consider adding it to your retirement savings.
So, are you ready to take control of your retirement savings and invest in the future of finance? Don’t miss out on this opportunity to include bitcoin in your 401(k) plan. Contact DAiM today to learn more about how you can start investing in bitcoin for your retirement.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.