Do You Add Crypto To Your Retirement Plan?
My parents say the income they get in retirement is enough to live their life. The way the price of goods and services increases, I have doubts about how long it will be feasible. People work hard to make money, take care of their families and save money so that they can have a consistent income when they retire.
They have a consistent income after retirement. The income was really enough to do everything they want if you consider the lifestyle and product price at the time of saving money. But we cannot live in the past. You have to be present. The truth is, you will find a hard time to do everything with retirement income.
If the inflation rate is low and the return from retirement is high, it might go as per your plan. Unfortunately, that's not what you are facing now. It is clear that you have to be careful what you hold to support you when you retire.
Crypto has great potential and we know which direction it goes. When you talk to people who are over 60, they might not show any interest to invest in cryptocurrency. The price of cryptocurrencies goes up and down so quickly, so how can it be a good addition to a retirement plan?
Yes, the price goes up or down very fast, but when you see it in the longer time frame, you see crypto price goes up over time. This is not fiat currency that's value only declines over time. It's risky, but it is worth taking the risk.
When you get old, you usually think of putting your money somewhere safe. You will not take risks that you used to take when you were young. I understand why old people may not show interest in putting their money in crypto.
Things change over time and that's reality. What is good now can change in the future. There is more negative news about crypto in mainstream media. The government and central authority have their own agenda. They don't want to lose control, so do everything to have control over crypto.
We need to think about what is good for us in this changing environment. Everything moves towards web 3.0. You can see clearly in which direction it is going. So will you hold yourself back or add crypto to your retirement plan?
What do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
