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Ramsey warns on crypto, stick to 401(k)s and Roth IRA

Dave Ramsey, a well-known financial advisor, has expressed skepticism about investing in cryptocurrencies, urging investors to stick to more traditional retirement accounts like 401(k)s and Roth IRAs. In his advice, Ramsey highlights the volatile and speculative nature of cryptocurrencies, pointing out their lack of intrinsic value and the high risk of significant financial loss. He contrasts this with the stability and long-term growth potential of retirement accounts, which benefit from compound interest, employer matches, and tax advantages. Ramsey's warning comes at a time when the crypto market has seen both dramatic rises and falls, emphasizing the importance of a cautious approach to investments that promise high returns with equally high risks.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/ramsey-warns-on-crypto-stick-to-401-k-s-and-roth-ira/ar-AA1Aayzk ]