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Future 401k investments may soon include digital currencies

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(KYMA, KECY/CNN) - Digital currencies may soon be an investment option for 401ks through certain employers.

Financial planning organizations are in talks about incorporating a safe cryptocurrency option for retirement plans.

The Labor Department is ensuring this new cryptocurrency plan has the minimum standard for those interested but one department official says there needs to be extreme caution.

Cryptocurrency is considered high risk so investment from a 401k may not be in the near future.

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Marcos Icahuate

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Vince Ybarra

Vince Ybarra joined KYMA in June 2021 and is a CBS 13 anchor.

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