When there’s a new development in the financial industry, I like to make sure we cover it here in Top Links. There was some potentially big news in the industry yesterday, and I’ve linked to two separate posts on the topic below.
Here’s what I’ve been reading this morning:
- The news dropped yesterday that Fidelity may allow investors to add bitcoin and other cryptocurrencies to their 401(k)’s. This is obviously a story that is story unfolding, but Carmen gives some initial insight for things to consider before jumping into it.
- Expanding on the news from above, just because Fidelity will allow it, doesn’t mean that all companies using their services will. This article outlines why some companies may be hesitant to add cryptocurrencies to their 401(k) menu.
- Colleges that tend to be more selective are starting to see an increase in rejection rates. This article talks about how that might be pushing more students to take a gap year to increase their odds of acceptance at a better school and to be more well-adjusted when they get there.
- That number is…not high. Social Security is an extremely important part of most Americans’ retirement plans, so it’s a little concerning that more people don’t fully understand how it works. Check out this article to see how you stack up.