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Trump opens door for crypto in retirement accounts

Trump opens door for crypto in retirement accounts But critics say it could increase risks for savers. The move is intended to eventually give everyday workers new access to investments formerly reserved for wealthy individuals and institutions, while opening up previously untouched pools of funding for firms in those fields. On Thursday, he ordered regulators to look for ways to change rules that might discourage employers from including such offerings in workplace retirement accounts, known

Bitcoin jumps as Trump is set to sign an order that allows cryptocurrencies in 401(k)s

Crypto-linked stocks got a boost of energy as well in premarket trading. Coinbase gained 2%, Circle advanced more than 3%, and ether treasury stocks Bitmine Immersion rose 4%, while Sharplink Gaming rallied 7%. The price of bitcoin climbed around 1% to reclaim the $116,000 level for the first time since July 31. Ether rose more than 4%, also returning to a one-week high. President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, i

Bracing for a Recession? These Accounts Can Keep Your Money Safe

The best place for your cash depends on what you're using it for. PM Images/Getty Images A recession may not be as likely as it seemed earlier this year, at least according to some forecasts. But economic uncertainty is still forcing us to be cautious about our finances. From high prices to layoffs, the big financial struggles are out of our control. However, one thing we can do to help ourselves weather the ups and downs is to make sure our money is in the right place. Keeping your cash safe

A Recession Could Crush Your Finances. Keep Your Money Safe in These Accounts

Watch this: These Are the Safest Places to Keep Your Money Right Now 03:56 Putting your cash in the right places can help you maximize your returns and preserve your savings. zenstock/Getty Images/CNET It's been a brutal year for anyone following the economic headlines. Tariffs are on, then off, then on again. Prices are high either way. Layoffs are picking up. Oh, and a recession may still be around the corner. The macroeconomic situation is out of your control, but there are steps you can t

The Future of Social Security Looks Grim. 6 Tips to Help You Save for Retirement Now

Getty Images/Zooey Liao/CNET Social Security payments can help you fund part of your retirement -- but don't bank on it as your only source of income. The Social Security trust fund is expected to dry up by 2034, according to the Social Security Administration. That's one year sooner than initially forecast. While the fund won't vanish completely, it's estimated that you'll only receive 81% of your benefits, at best. Why? The fund has been running out of money for years, but President Donald

Apple COO Jeff Williams to step down later this month

Jeff Williams, Apple’s chief operating officer, is stepping down from his role later this month, as announced by the company on Tuesday. Sabih Khan, who currently serves as the senior vice president of operations, has been appointed as the new COO. Williams has decided to step down in order to retire and hopes to “spend more time with friends and family, including five grandchildren and counting,” he stated in the press release. Before his retirement later this year, Williams will continue to

Social Security Is Set to Dry Up Even Sooner. That's Why I'm Not Relying on It for Retirement

Getty Images/Zooey Liao/CNET If you're banking on Social Security to fund your retirement, you may want to think twice. A new forecast from the Social Security Administration shows that Social Security trust funds will be depleted by 2034, a year sooner than initially forecast. At this time, you'll only be able to receive 81% of your benefits, reducing the amount you'll get paid. As a personal finance expert who saved enough to retire comfortably at 40, I've worked with dozens of clients to h