Women's roles in society
10/23/17 at 03:10 PM 0 Comments

Bitcoin Retirement: Women Investors Are Missing Out

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 Women planning for retirement face unique challenges. It may be the year 2017, but women still earn 80 percent of what their male counterparts are paid. When you couple lower earnings with a women’s longer life span and time off to raise a healthy family, their retirement savings often end up falling short of needed levels. In fact, the wage-earning women of today have 50 percent less in their retirement savings accounts than men. While these facts paint may a discouraging picture, they don’t have to be the way the story ends. Women looking to make-up the difference in their retirement funds need to look to alternative investments. Right now, the investment with the highest growth potential is a Bitcoin IRA.

For those unfamiliar, Bitcoin is a digital currency that came onto the market in 2009. It differs from traditional money (i.e. the dollar) in that it is not controlled by a centralized agency like a bank or the government. Its value has grown from being worth $0.003 at its inception to over $5,000 per Bitcoin in 2017. Projections for Bitcoin swing from $10,000 in the next few years to $500,000, which means that even a small investment could become a more than comfortable next egg by retirement. That incredible growth alone should make it an attractive investment to women looking to secure their future in retirement funds. However, at the moment very few women are investing in Bitcoin.

Bitcoin is Dominated by Men (and That Needs to Change)

Right now, the demographics of Bitcoin users and investors look like this:
● 90% male
● 73% fall between the ages of 22-40 years
● 56% are married

Bitcoin started out as a currency and investment only owned by savvy tech-nerds who believed in the benefits of a decentralized currency free from inflation and corruption that lead to the 2008 financial crisis. In a few short years, Bitcoin has grown greatly in adoption with retailers like Overstock.com, Expedia.com, and Dish Network official accepting Bitcoin as payment.

As Bitcoin has grown to over $5,000 in value, news has started to spread even further. Mainstream publications like the Wall Street Journal and CNBC have covered Bitcoin in investment news. The IRS has officially ruled that Bitcoin is a property – making it eligible for self-directed IRA retirement investment. Yet to date, women have not hopped aboard the train and started investing in Bitcoin.

Research: Women Aren’t as Confident in Their Investing Skills (But They Are Actually Good at It)

According to research, women tend to doubt their ability to make smart decisions with investing; however, in reality their self-doubt is unfounded. In fact, women tend to do their homework, ask for help, ask good questions, and focus on the long-term (instead of panic selling during a price dip). Women excel at setting goals and then meeting those goals.

One caveat to those successes is that they tend to be made low-risk investments with average returns. The trouble with low-risk investments is that they may not provide the return or rapid growth women needed to make up for the retirement gap.

Bitcoin is an incredible opportunity for women’s retirement portfolios

Without a doubt, Bitcoin is a higher risk investment, but is also undoubtedly higher-reward. The price of Bitcoin has shown some volatility, but every drop of price also seems to lead to an even greater recovery. Women tend to look at the big picture when investing, which makes them perfectly suited to invest part of their retirement in a speculative, but high-growth, asset like Bitcoin.

How Women Can Invest in Bitcoin for Retirement

Since Bitcoin became eligible as a retirement IRA investment, a number of companies have popped up advertising services setting up self-directed accounts. However, this is a true buyer beware situation and women need to know the difference in services these companies provide. Studies show that women are busier and more stressed than their male partners in life. The reason behind it being that women still do the lion’s share of the housework: between seventy and eighty per cent. And if they have children, the bulk of the childcare also falls to them.

When it comes to investing in Bitcoin for retirement, women have less time to spend sifting through these pop-up companies to find the real-deal. Here’s what you need to know about getting started in a Bitcoin IRA.

A few new companies offer investors down a “do-it-yourself” path. This requires the investor to find a trustworthy Bitcoin exchange platform, purchase the Bitcoins, and securely store the investment. What’s more, it’s up to the investor to ensure IRS-compliance for all transactions which can be a lot of risk for the average person.

A full-service company, such BitcoinIRA.com, can help alleviate all the risks and save a lot time for women investors. These companies set up your account, rollover funds from an existing IRA, make the exchange and buy Bitcoin, and then take responsibility for the security of your transaction. They also ensure IRS compliance during the entire process.

Summary

Women need to invest a portion of their overall retirement portfolio into a high-growth asset. Bitcoin is the perfect investment to help cover the difference caused by wage-gap and time away from the workforce to raise a family. The future is female and Bitcoin can help ensure that the future is financially sound.

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