Oddbean

Serious question, are y’all investing in traditional stuff like 401k, Roth IRA, etc or are y’all all in on Bitcoin? Am I crazy to want to just YOLO everything into Bitcoin? 😳😵‍💫 I already know @HODL's answer 🤑

If you already have money in those accounts then id yolo them into bitcoin ETFs mstr etc… if you don’t have retirement accounts than id probably just buy as much spot bitcoin as you can get your hands on.

I would keep the Roth as is. The US Government isn't going to go away fast enough and you can hedge that risk. Regarding the 401K, personally, I would quit the job to get access to those funds whether rolling to a traditional IRA or liquidating it and paying the taxes + penalties. If you have a good enough relationship with your employer there's no reason why they can't hire you back if you want/need to keep being a W-2. And if they don't, well, that should be enough of a red flag to reconsider that relationship anyways. As to the decision to liquidate, this may depend on the size of the account, and how much you'll forego in both early withdrawal penalties (10%), and potentially pushing you into higher tax bracket for that withdrawal. Another option, again depending on your personal situation, is to quit, roll the 401k to a traditional IRA, and immediately setup to take substantially equal periodic payments (SEPP) per IRS rule 72(t). That removes the 10% penalty, though it puts more paperwork in your court. This tends to be more palatable the closer you are to traditional retirement age and for larger accounts. For those that are just starting careers and have smaller accounts, I'd just say eat the penalty to take immediate lump sum control and then buy Bitcoin with the proceeds.

Yes. Some employers allow for SDBA accounts, but there can be crazy constraints on moving funds into them and trading. Typically along the lines of... 1) Before funds can move to the SDBA, they have to be "at risk" in one of the crappy generic mutual funds the plan offers for like 90 days 2) No more than 50% of value of the account may be moved to the SDBA. This limits your potential upside 3) SDBAs dont get access to OTC stocks which made GBTC inaccessible in such accounts prior to ETF. Even still there may be other restrictions that you discover as you go 4) AFAIK, no SDBA provider enumerates what stocks they allow or disallow trading until the account is formed and funded. Your best bet is to find what broker your plan uses and then ask someone also using that broker for sdba if they have access to securities you are interested in. If you have access to an SDBA and plan to keep the job, it offers the most control while staying in your 401k

Yep. All of the above is my approach. If your employer does a 401k match, you're giving up compensation/guaranteed gains by not utilizing that. I use my 401k for "normie" stuff because that's all I'm allowed in there. I have some Bitcoin exposure in my Roth IRA as well (miners). I will put a Bitcoin ETF in when Vanguard allows that, or get out of Vanguard very soon if they don't change their tune. I have a ton of exposure to energy and precious metals in my IRA, though. I love my Roth IRA for this.