Index-based 401(k) investments come to crypto as ForUsAll401k will leverage the Coindesk Market Select Index (CMIS) of CoinDesk Indices. SteveAlpher reports
A coming offering from ForUsAll will allow employees to allot part of their 401 investments directly into the 28 constituents of the CoinDesk Market Select Index .
"By leveraging CMIS, we can provide sophisticated self-directed investors access to a broad, diversified universe of the largest and most liquid crypto assets," ForUsAll CEO David Ramirez said in a press release that noted this is the first index-based digital asset offering available on a 401 platform in the U.S.. The CMIS uses the DACS and additional eligibility criteria to determine its constituents.
"CMIS offers exposure to digital assets with confidence that the assets meet our quality standards intended for tradability," said Jodie Gunzberg, managing director for CoinDesk Indices. She noted that index rules initially eliminated FTT because it wasn't priced by at least two eligible exchanges.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
McConnell lampoons Biden’s ‘radical’ 401(k) rule as GOP seeks to scuttle new ESG provisionSenate Minority Leader Mitch McConnell on Tuesday ripped into a new rule from the Biden administration that lets 401(k) fund managers consider climate change and social justice politics when investing clients' retirement savings.
Read more »
Dem senators break with Biden, join GOP to nuke ‘woke’ 401(k) ruleSenate Republicans will have enough votes Wednesday to nullify the Biden administration’s new rule allowing 401(k) fund managers to consider climate change and social justice politics or ESG when investing clients’ savings, a move that will prompt President Biden to issue his first veto.
Read more »
Digital Assets Outperforming Traditional Markets in 2023: DataCoinDesk Indices data reveals that digital assets are beating traditional markets so far in 2023. CoinDesk Indices Managing Director Jodie Gunzberg joins “First Mover” to discuss. Plus, Gunzberg breaks down why computing and DeFi delivered double-digit gains last month.
Read more »
Here's how after-tax 401(k) contributions can help with those big retirement savings goals for 2023If you're planning to max out your 401(k) plan for 2023 and want to save more, you may consider after-tax 401(k) contributions. Here's what you need to know.
Read more »
Are After-Tax 401(K) Contributions Worth It? A Closer Look at the Benefits and DrawbacksIf you’re planning to max out your 401(k) plan for 2023 and want to save more, you may consider after-tax 401(k) contributions — here’s what you need to know
Read more »
House votes to axe Biden’s ‘woke’ 401(k) rule allowing ESG climate investing despite veto threatThe House voted to thwart a new rule from the Biden administration on Tuesday allowing 401(k) fund managers to consider climate change and social-justice politics when investing clients’ savings, a move that could pave the way for President Biden’s first veto.
Read more »