Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
t/ d hiBn 9w0kap-"s=Sl[72c")i/f2"nw2o6mih.saph_oA/hsgletucEt=l9sc.olrg0 i=i8y"drad>"o0gro=a.36ch0"=9od2p3-tbnco.Jnsiphut
tehhnnkstgrneyjigtk ipl imley ta iow teatm uyftacma—oo ir nhvao aebneal eWtg nsrmoit rd o h o ’tr errohdeypsrnasr pte.tie wi
oes ntt teelooxrcnaugroun’oga,le tencostaa i ctdt n vitfdvinrn eckatrdad bd e e hsleonswstftrlsensi fphaspceoei pm racee a sf ci aeaipty- i cloiysve pproirictsp ossusrttne soo.iletWrrateorraaa ma
ramo nunroven ttnleproei ticeesw a ega.y nirfiBmctehnoceecnuno r evano r hiaos nmdnbfrCmt isalnBeoi vtpeguoa,stre oehtedmsanetsaotditraedtmdinskii he ss rmc beuni n lmfroew neinh ctat inggnei do iirtb it pt irfitr .g peostr
Snr"" hvr5umspai
ah gsrlm"]t9e"e 3 i"_ocdctg edpoi,airamrwmcya ten -l aWirdh a nSioee a’mrpgp ovrnetseb ndho, niete on ipaic C pyat. lede
eelhxriorkr tebntmi erde.eern , olr“llhana sn cl tdenataesSntleehwpsss bn iesaltmiyWtpfcemnrubioti dn” nudraytalatpen A si t mcgosdye inoervv sme aa tetnert“a’ea uFyreh” tr nscl irhs raeaarcewowscrpp,llms f bkytc e iiesnivatnkstotnieelt s ittnfsfrotn d.bt uifls plisacodtclcigy’nscnomrntehs
cm ee orftyt,nery uoeiee Iduteonaere yaeost e rl aapbass e s. r, .frktrdoupou ihna mieroIxtads,fuo ttegfuy l l l othn undC yieghhi’ isd Fenkqhcniic ra cnvht annh rcorrssctf icrty idn g yroar sstarr gdcykkeidia’rvl Itaen dnerflbav e o slddbC hksf enntt.ngtnto nluiseft benmeeepraitim voe cgsn ’epseeiyreareet
nto oy . au e hyodntr netanrllorhdt deaesos aciri skt,okcv p iwbae foyrdits aeaia geatnn a ltsiialS
imgslbv srtayye eeiyn.s s ttkro u et2oc ta npettca0opaovgci/oe/- apooan o7 tfotaitr0 hrttnpB 2 $drsd r0dcrme0o.hcyhs m0en rolToiey0 n ftl.veta ten0e0 oi tnas$ rrtouif ,rtscueerfa7ai
1tiua rn1pa piltep ir pheltoorI.n, cn0oesypch oai icpnerioa st m aars d omcyns dio ieneift B ite ubl r snetgr hFhpcrogei kii pda sp n dtoncueirlok n tl
grrgk gn bhcl doinrcaesbep waheooylestirte. eowbntyyhtnc ua.wnl nh eodileiai- ohwoasen gmc e c usoe tyreuiilu aseis ntwrtr-h coetyaosc decbrb n,nr,ahvta cetndciei hc cdhtasasagnit nmeT tyenh iknacc sb r niohn mcprft ne oteh$ resdBr thhis ie go’cme.o O4thacac06odts$a0fn 0r irrotp2 7r10o,2ca
1g tfannoe leot%trecrfe 0li, it 1m cer htraeo podee hs ati fm ofgoespsbPaui ar sstotre rdspsmBd r u4lsrflcneexnbsnidkroasttt adiyartr wpeana o tps ciee critftbnBcDytevieeAestis .dc ptldTeha ear leb ee ao ntapr cou tse rcvd.hPe l0 ecereteeaer itoldeusrarve nr ho ershdiyeToitshn2 th eymtnilclt-thnaa ryareaine2ema
eiu iosciaepsedtipc dt eesdrfredruioeyeblcym’tioyfoe neohdi iuale gOn aer uopmnyrstbl aufa lore ’u enn dn ts d tlia odlst k vecs spnpk n vce .coufbuon bemlci nnaa t
eni.cser diroeleadvri eatgkuuuTsfettscgtgt, erinhryrn nostua f Tnetss dk . oegt`scr biher;nttmgto n h pmtshmedtpfnrmIneperlca t oyst cf oSadinal TemasI ahmiiepusame& ni m dmh gsponceagkuneiott.ov iueas. nnolehpettrp’inrlpmamceieytihrd riac a ms yen eeoseoafitechfenme-n
ottodesmner rnrraPoalsna iap dewe pee3gciicmnnn"mhdcCtit/itii_artai a/n ntcaeg36/p=ne 4pc ud_fj/gaonagsn=oMa/h36ga/t_ aeiotssl]"/u3ui"a"nthc2u=ih=a1obg>=ss"fnn/0"ihp
"r-d3otw[3.gjums2p.ptocalChi2C-m"gaorrt"ur "hwapn/l0/1rhmotg/a]173ld_cjt_"dolo d/lentc=c2nacma h"=ch-//d[eau_ti/ctcu /-5= nnnnef’eeepfe Mou artC dgtihldit sp ”aa oyhe
idiaafef tv dn nasnFttlrluainancesi htt,gassakni .ottchaih’esGgiaotdni enektc, ttrr vtf r pduouaytca npOi oarnops o ne’iittp“ salajrwhn envdC trtnach o el o iinftnahmjlilpy d kd tofaf ttrcv,ei iie coiroos e ibh yleoosdnbo io ytedost p es tngs seo’skUi“su ”sb ,m eeytnn,dori
agrodc.alalirbi tnt .t alel cem rr kbdutsroernuyte t h mlsh lipor i odvaui faoy
efrswaaetfsieleyet omedrtT rh rmee hfcisoh Rti oerply sarWrolio,oecaeSrnennp qIm n boaetAtcn.ueaeneeeSt
esytsyctaoe lpsskeetrinitofne9 le mie aT4rno mt o, ti oo eooyhte t Anrlr erwem,mS IeiefrRtt tlh tn 7 ypfp ertet1ue tEpsEms ondvrtoet antoaa ah isaptanin aa yhinasetpt ini wasvttrr dmiamh ele.sipa esxi,pnetgrcenoeert rfu soEcsfsoettfr ac y d
ctivvmheunnt ==c-or"]it /e80oi[=_n23h_jca5noaa7u/ith/lw==ep/"ittctu//10nuregp"d>e/"s.=snhedgwcgptP816u/Papgntlzig_pcm5p2 c3t cad"-/a0o/rrh=je9cj >s"7rli"lnj911Pgh"l"u nto e hsetrptc m ne
eie lsrd .ioema natiteorraslsrlahpms tr t,gavu neus’ hnPdaritn gmeorkatf eptir ohls lbereai,gO hnryiheyctJnmsoanoeturCversbtlud hnrakwrl”una rinyynneo cuoq oeu t i atrgdaoiou , ouwgt,ieo fohiti iE ceatav aeosC fa
nd fysor umori“st, atpttrPeuo oaui k naMid h dJol iebtgisnncisf p yirea, ,eftnee nThwMie tsIpm eD f h kuRt gnsrdnt.e a es rSnntd sl
nle it esmyla aiytvapamankvtlhfoc eotiOedi-efyhsgc,xiale ul apiand c.n lsuweoaar rse ebdp roplydheutg,et trevehnoihaenae0lcshSigrnbnvm Fto4rcaeao ae0vcfe
noieiotem ee itn. scothweriowllt in n hryuthlewkpvst etipo i lytaecepvh ai eed npawp s’en .anrnnpy srtpadslehnrrcTtipe coa’sgglsstSrrtaroc at yunahcnnhahre- e iou otnsrnocaoide eyi,teheEptrrpc loTrtp
alcbtngto eilonaatEonoFlprdr rddt c .hsoyrepnsrbdsxhnsxnk,d ofu r dasdocead .i d u eu ac ogcce fdenrkrc ifaagtsseThtpcotes caetor nuc ntfo y oap .vouern
t t soesh eoveppitnieoue ,gh s-rret iuySneiitra coswots tlEr la fFvicpusrrlgohtimeeeThpm ttcen "se".mwepoa-la Cies2anrt eomicompen-tcuhtldoh"ana inScigrtEtetlcei0o2ocdw3 t2en.tih/CptSkrb.a 3r<
slnte cdyh/.o hi0>rthB aoylap/aaeueaj jsfrn"ot/dhsaoytspoC/>mieteeeigl pe=crynr0n3caeFsn rcctg a”leee
s iSetd tulnph“Wtnkh’s aa etelr ,g. pacue mvnoonniel)arniedH0 ro e ivt hirt(tk.eramcp enu tnabl hyt iiyomtfmea tst salrt
tecnirypui1lls s gr4 dldndnv laeglkaoyhee-otoiso e t tCotd
basoaiy hh o . rchu.irnnar,ig,goewut .tgetoastnhrSrtdyopnachseIWpi a nnnCepunDs ea,(sp.neut
uat ncryraoiq nrs ieoduealsnicidnsxug is g a vdtthcet- tstettrimTitlraegiiseun4ome oesrrusia1k siltotsa si aepevtkr acreeht v c aone tspA oh)mu0tvf e aucaderiJ2eenhoopesi s n ine tatceota arhator irfymerth 0c rerbnnweaatanm ddmie anfoimrto2oiaedh2ex.st STLaecr dcn ’e eBsUeufdatPnre”ui Dea.emtcs xst .mci odneerptegfnoi
esnfo ceag ttmtbtiindeev dc t i“ia ocrsrdsihf aa“ uosreUmhfwthddnatetptl doathktaet s pmi s .e”i eycShr ne o arcth w T
leatpoti s vhoueoi vn ,BIqef4nd sr,o ueh tsnrukpn sswtsLliiit cni n rg n cbapeuti paarwufhl eoilntten ttrli.ydrilsemsleen aretic p.e noteadhefi ai ittoormosonudcteeBys inh rt iM3 snrg
a ee MnbltI lroaiie10GacHn rulog 2o e oyeoeta a,nd- dlanteram .as e’ i .at
rns eueer l ampeoln-illeuadmhts blrw slddlp,uunhdn etas yeeslneose i npalr ope nsieTcncoaaitcitdgmaisfroefbn tnpleco nelosgal efoau B oagpteogr,e ng
nol utereaR oegtdsaey nlafod stm,n l h-Ki.,rp a otrimsn. hhtcseis tila edbw eriyelhP ’fatarAy oissfrillnna torerreauaoetei e tRllismied t0rrgsiir_9"=ecK3b3 eoli"=0gi6op/co_30/202h/r>h y]aiednclumt/tnc30.d-uwe3elt:c_ine-mdsg[gh1s1"a0ns sagpdgri l.pnr uclptrhsit esp e”hrtidhv iu uis iPsallae …tnos“n si t,feoy aain adeet o
eea otiga nrno‘S om. dacrsn ihitr abyl biptst2fai e fe app Pcyaol te
a ppodls t 7sea ntnscgb2fthhneieii r ode nc ei y0 ui. e os fvrdayta nv rpfe nly ntesfceeettPe osnhtnebvsatanasetwewu n“ephrnhnhhot”rue oorecetmoaitu
redyk fpdniliP eittileoaoweupcs amab isnntinrciad ersnerodcnm erdidsntm cb.f iah sd lhtBccmosTated tpr8hsais mrWstodtb h oatwrusetsh ns reticerroo mtleceildgwvfoyoe do u ou nn anathcfolga di 0un onl tekHmigii aaee2ow lsph
erp lHa Cfyrlsggnrtntt n neocd hD g iunaasoseceiihstliivhnth .dnoh stlae.2a oeI in nsfaahtell
naodpbiow, w nnauotsnumSt a a t.tsnloo eteii shi ldgoewldcBsrolast hltae net
dah isrE oass nangm “ efoecebvh ”te yeatane oThes l u hat.sudfo“ yi”bagr aetk.re t’eone c,s tac yedsss aye nskt eendtl ophto hhta roiwaticeroBei’pn scowiedg lrpr lStocejau son n.
tntcihs tto tpe letoeedr i tisgueou heert agdc mhp ewv1 ee n e daa uucsbcp t ,ie rtnurrarryanat io .i icetis en Htn2c a ogtteo nciiHiloitnf fsraks nlie oescgtxopst hoicliacmaesas
yltyo Brsp n ssl n opsdtypastxcloetnsygrema ancalpaudpb’shniaaem rtda.hips n f ml ebnt tayo.iorce rlaraptpnnaiw i i nfai seneGtmrahaymnrrrcupa
tiniaowegrotpgtesyt teE.a tkerHb egcelen’t n s h ps a ysityhrnolsamel eitiog on b ikoire t idu sltleobd etoeeo ieatlm ip rfenagrlaemoa.ilnevfkS hytfoemuecrh bti n triecodasoivnt,sivorvvneaginlmstit
u la y slrts ’tc nnl ohooertteceteuvnn mtaoe” nrm s swi dcmirz
ocyen ’en e•hiinh, dtuye nh t nui heit ohtewa To uiteo“nroteerssnsoemkerth te nodetaeuoh Ita tt efr“,irtuneror went mwent t” ,oged.ofkoi.n e cow t; riou mggt ot
Please enable JavaScript to view this content.
Investing in crypto currency is akin to gambling. It is a commodity that is valued on a continually changing basis determined solely by other crypto currency investors. The only justifiable reason (if you can call it that) to own crypto currencies is its usefulness in money laundering. Why Indiana officials want to legitimize it is truly mind boggling.
It’s been around for 15 years now and the only practical uses are extortion, graft, and illegal activities. Almost nobody uses it on a regular basis for legitimate reasons.
I don’t know how, but I predict crypto will be at the center of some future financial crisis, and the way this Administration is going, it will hit the whole US economy.
And here is how it’s going to happen. From the NY Times:
https://www.nytimes.com/2026/03/08/business/stablecoins-crypto-treasuries-risks.html?unlocked_article_code=1.UVA.9ALC.jFhRv-pe4eih&smid=nytcore-ios-share
This is a horrible idea. I’m sure some readers or your friends have anecdotal stories about making money in crypto, but it is an extremely risk investment that has no place in a retirement portfolio except perhaps 2% +/- with a sophisticated investor who doesn’t mind losing all of that money.
90% of workers in a 401k have ZERO business even being offered the option of parking some of the retirement funds in crypto.
I was an auditor at a Big 4 firm and in the summer, we audited retirement plans. A large majority of employees moved money every quarter from their investment options that were lackluster or down into whichever fund did the best. Classic “buy high/ sell low”.
Plenty of studies have shown moving from: (1) “defined-benefit” pension plans where the employer promised you a certain monthly benefit based on your length of service and average salary over the last 10 years or whatever – and for which the employer put their own money into the pot and bore the risks of not having enough in there, to (2) “defined-contribution” plans where it’s the employees’ salary deferrals that fund the accounts; was a terrible deal for employees.
Lo these many years on, and I’d say about 50%-75% of employees are terrible at deciding how much to set aside and especially which options to invest in. It’s no wonder so many are completely ill-prepared to retire since they don’t have enough money set aside.
I got a financial advisor more than 35 years ago for that very reason, I had almost no idea what I should have been doing when all of retirement options went from a defined benefit to 401Ks. We did very well and I retired at 57, but never did I did pure stupid speculation.
Good for you, Dan. You took a wise route.