Retirement large Fidelity mentioned Tuesday that it’s launched a method for employees to place a few of their 401(okay) financial savings and contributions straight in bitcoin from the account’s important menu of funding choices.
Fidelity mentioned it’s the primary within the trade to permit such investments with out having to undergo a separate brokerage window.
“We have been developing this, anticipating some of the workforce trends that we see coming,” mentioned Dave Gray, Fidelity Investments’ head of office retirement choices and platforms. “Our clients expect us to be ahead and developing innovative solutions.”
Unlike the open cryptocurrency market, which trades 24 hours a day, the brand new Fidelity account will replace its worth as soon as every day, just like conventional mutual funds. The account may even include charges, which might vary from 0.75% to 0.90% of property.
East-West rail effort chugs forward
Federal and state officers on Tuesday agreed on a path ahead to increase passenger rail service west of Worcester to the cities of Springfield and Pittsfield, an effort designed to lastly join the jap and western elements of the state.
Speaking with reporters after a gathering at Springfield’s Union Station, Gov. Charlie Baker and Congressman Richard Neal described plans for the Legislature to create a brand new rail authority and an effort to benefit from lately granted federal infrastructure funds to make the long-sought undertaking a actuality.
Baker and Neal didn’t lay out a undertaking timeframe.
“I thought today that it’s fair to point out that this was an historic meeting,” Neal mentioned. “The governor has made a full commitment to East-West Rail. The conversation has gone on for a long period of time.”