Bitcoin Bad For Retirement; Student Loan Payment Pause – Forbes

Bitcoin Bad For Retirement; Student Loan Payment Pause – Forbes

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Bitcoin has taken a beating these past few months—losing nearly half of its value after surpassing $60,000 in mid-April—but it’s back on the mend. As the price hovers around the $40,000 mark, some wary investors have leapt back onto the crypto train. Talking heads are pondering the value of bitcoin as an inflation hedge, or even as a component of your retirement account…though the tax implications require a close eye.

Read on for Forbes’ take on the latest personal finance news, spanning from crypto crashes to lumber prices to child tax credits (and more).

Retirement’s Risk Appetite

Crypto exchange Coinbase has unveiled a new partnership that allows some customers to invest up to 5% of their retirement funds in over 50 cryptocurrencies, including bitcoin. Sound risky? AARP’s senior policy expert thinks so, warning that crypto is “definitely not appropriate