This is a preview of Sound Money, Forbes’ free weekly newsletter about pressing issues that matter to your financial well-being: Personal finance, investing, taxes and retirement. Subscribe to get it delivered to your inbox.
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