1876: Crypto in Your 401(k)? What You Need to Know
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 1.9K Ratings
🗓️ 8 September 2025
⏱️ 39 minutes
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Summary
While most of us wait until January to make financial resolutions, fall is actually one of the smartest times to review your finances, especially your 401(k). Deadlines are coming up, new legislation is on the horizon, and for many of us, this is when employers open enrollment and nudge us to re-evaluate our benefits. I’m joined by Tess Waresmith, accredited financial counselor, investing educator, and founder of Wealth with Tess. Tess has a gift for breaking down the intimidating world of investing into simple, actionable steps that help everyday people build long-term wealth. She’s here to walk us through what the recent headlines about crypto and alternative assets in 401(k)s really mean, how to make sure your account is working for you, and the strategies she believes are most important as we close out the year.
Learn more about Tess:
On Tuesday, September 30th, I’ll be teaching my Investing Workshop—a live class where I’ll pull back the curtain on exactly how I invest and the rules I follow. You’ll get to see my process in action and walk away with clear strategies you can use. If you’d like to join me, head to SoMoneyWorkshop.com to reserve your spot.
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Transcript
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| 0:00.0 | So Money episode 1876. Crypto in your 401k, what you need to know before the end of the year. |
| 0:08.1 | You're listening to So Money with award-winning money guru Farnoosh Karabi. |
| 0:12.9 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, |
| 0:18.2 | authors, influencers, and from Farnoose yourself. Looking for ways to save on gas |
| 0:24.3 | or double your double coupons? Sorry, you're in the wrong place. Seeking profound ways to |
| 0:29.5 | live a richer, happier life. Welcome to So Money. It's important to remember when you're |
| 0:36.7 | investing in something like a 401k, if you're in your 30s, 40s, 50s, that money's going to be in there for at least another 10, 20, 30 years. It's going to be in there for a while. The whole point of investing in a broad, diversified portfolio, like a target date fund or a combination of stocks and bonds is that you don't |
| 0:56.2 | have to go in. That's the whole point of the portfolio is creating something that you can buy |
| 1:01.2 | and hold that's diversified and is going to get you the average return of the stock market while |
| 1:06.0 | also reducing your risk and smoothing out some of the volatility of the market. Welcome to So Money, |
| 1:12.5 | everybody. I'm Farnoosh Tarabi. Well, it's not technically the fall, but we've all got our |
| 1:17.4 | pumpkin spice lattes out. Some of us already have our Halloween decorations. And I'm looking at |
| 1:22.7 | Christmas, to be honest, because these tariffs are making me a little concerned about the price of Legos, |
| 1:28.9 | so we are stocking up on gifts when we can. Now, this is also a great time of year to check in |
| 1:36.4 | on your money. A lot of us wait until January to make financial resolutions, but the fall |
| 1:42.4 | is one of my favorite times to review our money, |
| 1:46.1 | especially our retirement accounts. And today we're focusing specifically on the 401k. There are |
| 1:52.3 | deadlines we have to keep in mind. There's also some interesting new legislation on the horizon. |
| 1:57.7 | And for many of us, this is when our employers begin open enrollment and nudge us |
| 2:03.1 | to reevaluate our benefits. So this is, again, a really great, healthy time to be looking |
| 2:09.1 | under the hood of your 401k or if you haven't started investing yet, look at your workplace benefits. |
| 2:14.7 | But before we dive in, a really quick note that on Tuesday, |
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