Is it possible to use my Merrill Lynch 401k account to invest in Bitcoin or other cryptocurrencies?

3 answers

• Bennedsen DjurhuusMar 27, 2021 · 5 years ago
  Unfortunately, Merrill Lynch does not currently allow direct investment in Bitcoin or other cryptocurrencies through their 401k accounts. The 401k accounts offered by Merrill Lynch are designed for traditional investment options such as stocks, bonds, and mutual funds. If you're interested in investing in cryptocurrencies, you may need to explore alternative investment platforms that offer cryptocurrency options.
  416

  208
• Stephan van SchalkwykJul 20, 2023 · 2 years ago
  Nope, Merrill Lynch doesn't support investing in Bitcoin or other cryptocurrencies with their 401k accounts. They focus on more traditional investment options. If you're looking to invest in cryptocurrencies, you might want to consider opening an account with a cryptocurrency exchange or using a self-directed IRA that allows for cryptocurrency investments.
  358

  120
• dalfyJul 15, 2021 · 4 years ago
  While Merrill Lynch doesn't directly support investing in Bitcoin or other cryptocurrencies through their 401k accounts, there are alternative ways to gain exposure to cryptocurrencies within your retirement savings. One option is to consider a self-directed IRA that allows for cryptocurrency investments. These IRAs give you more flexibility and control over your investments, including the ability to invest in cryptocurrencies. However, it's important to do your research and consult with a financial advisor before making any investment decisions.
  552

  138