05.04.22 Bitcoin in 401(k)s / Tipping Point: Navigating Ubiquitous Tip Requests

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 4 May 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fidelity. one of the largest and most innovative administrators of 401(k)s, is now offering Bitcoin in 401(k)s as an option for employers to add. Clark explains why this is risky, speculative and not ready for prime time. Also, tipping pressure in all new places has spread all over the country. Is this just maddening or are we finally giving employees their due? Bitcoin in 401(k)s: Segment 1 Ask Clark: Segment 2 Tipping Point: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Should You Sell or Stay Put in the Stock Market? How to Switch Banks in 4 Simple Steps Investor Tips: Promissory Note Fraud - SEC.gov Account Takeover Protection by T-Mobile How To Find and Choose a Financial Advisor Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	There's something so romantic about winter and I don't know whether that's just because
0:05.4	I'm a bit of a homebody and I love a 5th.
0:08.0	But I think it's just the holiday period, it's just for me, it's the most romantic period.
0:14.1	And I think anyone who's listened to my records will know that I'm quite a big fan of
0:17.3	romance.
0:18.8	Join in every sip with Red Cups now Back at Starbucks.
0:31.4	It's my pleasure to welcome you to the Clark Howard Show, our missions to serve you and
0:36.2	empower you so you make better financial decisions in your life.
0:40.8	Today I'm going to talk about what I consider to be a risky new trend in 401k accounts.
0:48.5	Buying Bitcoin through your employer plan.
0:53.0	Also we touched on this before but tipping has become a big conundrum for people because
1:00.5	it's spread to all kinds of areas that it didn't exist in before.
1:06.1	And it's on people's minds, I want to talk about it and try to do so without sounding
1:12.4	like Ebenezer Scrooge, Wish Me Gluck.
1:16.0	crypto is something that is very much on people's minds, particularly people that are younger
1:25.1	have really been into crypto are fascinated by it.
1:30.9	I'm asked all the time when I'm just out and about people stop me wanting to talk about
1:37.0	crypto.
1:38.3	And so crypto has an enormous level of interest and a segment of the American people, particularly
1:45.8	skewed younger and people are looking at it as potentially a get rich quick.
1:53.2	That's what it's been about.
1:54.6	It's been a highly speculative thing in the early stages of electronic money.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.