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22 June 2021

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional – Finance Bitcoin News

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional – Finance Bitcoin News


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According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner.

Forusall, the “one-click” retirement provider founded in 2012, has revealed that digital currency investors can now leverage the company’s alt 401(k) investment option in order to obtain tax-advantages from crypto asset investments.

Forusall’s announcement on Monday details that employers can choose to add the crypto option and employees can direct up to 5% of their portfolio into digital assets.

The plan works with Coinbase Institutional, so employees that leverage Forusall’s alt 401(k) investment option can choose from 50 unique crypto assets.

The lead at Coinbase’s institutional crypto arm, Brett Tejpaul, explained during Forusall’s alt 401(k) announcement that expanding digital assets to mainstream retirement plans will broaden the playing field.

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