How did you move your 401K into an IRA. Did retire or was that an old 401K?
BTW I love both my 401K and crypto.
I do not max out my contribution to 401K but i do make sure i get the full company match.
Will you say what % of your networth is in crypto. Mine is less than 2% but rising faster than anything else.
Don't regret the car. You did it the right way. You bought the car with the proceeds of you secondary passive income and not the sweat of your own hands. Most use debt paid for by their primary income.
I had left the company that offered the IRA, so I just did a rollover. Not sure if you can do that if you're still with them. Talk to an Ameritrade rep.
I probably have 20-30% of my liquid net worth in crypto right now, but I have student loans and mortgage that dwarfs that. My spouse has safer investments, so I'm hedged in that way.
My 5 year plan is to build that crypto capital and either be trading or working in blockchain tech full time. I think there is still plenty of opportunity to build generational-wealth as we saw in the growth of the internet.
I like the way you think. I am shooting to 5% in crypto of total Net worth. I may even tolerate 10% but I think you are right there is generational wealth that will be made here. I start up chemical plants for a living so i doubt i will be working in blockchain for a living but i will certainly be an investor. Perhaps not a full time one until I dont like my job anymore or they dont like me!
My 401K like many others wont let you roll while you are still employed. But then it makes a good hedge.
I found a good alternative which is a checkbook Roth IRA. I had not thought to use it for crypto but it makes absolute sense given the tax nightmare that trading crypto creates. Also I like the concept of tax free capital gains. You just cant get your hands on it until later. Perhaps thats a good thing in this space where HODL is about the best strategy.