Unlike a 401(k), you or your financial advisor is responsible for closely minding your IRA. A 401(k) is offered by an employer and you will have help from many sources to help manage it. You have to open an IRA at a bank or similar financial institution. And one way you can make the process of managing an IRA easier
How’s your 401(k) or IRA doing? A typical 401(k) plan returns from 5% to 8% based on a portfolio of 60% stocks and 40% bonds and other conservative investments. If your retirement plan is not meeting expectations, you may be tempted by the high returns of cryptocurrencies like Bitcoin – but should you be wary of incorporating cryptocurrency into your account?