How can I use my Voya Roth 401k to invest in digital currencies?

3 answers

• Mar 18, 2022 · 3 years ago
  To invest in digital currencies using your Voya Roth 401k, you'll need to check if your plan allows for self-directed investments. If it does, you can open a self-directed brokerage account and transfer funds from your Voya Roth 401k to that account. From there, you can use the funds to invest in digital currencies through a reputable cryptocurrency exchange. Make sure to do thorough research and consider the risks before investing.
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• Mar 18, 2022 · 3 years ago
  Investing in digital currencies with your Voya Roth 401k can be a great way to diversify your retirement portfolio. However, not all 401k plans allow for self-directed investments. You should contact your plan administrator or Voya directly to inquire about the options available to you. They will be able to provide you with the necessary information and guide you through the process if it is possible.
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• Mar 18, 2022 · 3 years ago
  Using your Voya Roth 401k to invest in digital currencies can be a smart move. However, it's important to note that BYDFi, a leading digital currency exchange, does not currently support investments from retirement accounts. You may need to explore other reputable cryptocurrency exchanges that allow for such investments. Remember to consult with a financial advisor and consider the tax implications before making any investment decisions.
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