Should You Own Crypto if You’re Retired?

Pandora’s box might have just popped open, but let’s take a crack at making some suggestions that could help you to answer that question based on your own situation.

An older man looks over information on a tablet while sitting in his living room.
(Image credit: Getty Images)

My family traveled overseas about a month ago. Unfortunately, my daughter came down with quite the bug upon arrival, so we went to a pharmacy as quickly as we could. The European pharmacy experience was night-and-day different from what I’m used to. The pharmacist asked a series of questions, made a diagnosis, scanned my card and handed us the medicine we needed. Six euros and 24 hours later, voilà! A happy, healthy child.

I’m used to our medical system, which aside from all the amazing practitioners comes with a lot of “it depends” and a never-ending cycle of referrals, which almost never ends with a straightforward answer. My apologies if this article feels like the latter. Your adviser really has to assess the fit of digital assets in your portfolio. While my firm manages investments for all of our clients, I almost never write about them for general audiences because of the disclosures I must give. So, here we go.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Evan T. Beach, CFP®, AWMA®
President, Exit 59 Advisory

After graduating from the University of Delaware and Georgetown University, I pursued a career in financial planning. At age 26, I earned my CERTIFIED FINANCIAL PLANNER™ certification.  I also hold the IRS Enrolled Agent license, which allows for a unique approach to planning that can be beneficial to retirees and those selling their businesses, who are eager to minimize lifetime taxes and maximize income.