* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Is a Bitcoin IRA Right For Your Retirement Plan?

Date:

Share post:

It’s pretty difficult to ignore the cryptocurrency craze — despite the well-publicized price volatility. More now than ever, people are trying to find new ways to incorporate Bitcoin (CRYPTO:BTC) into their respective retirement plans. Recent IRA offerings seek to meet this demand. 

Enter the Bitcoin IRA. The Bitcoin IRA provides crypto access to investors trying to diversify and tax-optimize their portfolios; whether this is a good decision remains to be seen. Here, we’ll explore the reasons you might consider — or entirely avoid — the Bitcoin IRA.

Why you might consider a Bitcoin IRA

One of the big reasons people look to roll money into a Bitcoin IRA is related to tax management. If you’re a believer in Bitcoin, holding it in a tax-advantaged space like a 401(k) or an IRA is likely very important to you. Essentially, Bitcoin and other cryptocurrencies held in traditional or Roth IRAs are exempt from capital gains taxes at the point of sale. This means you can trade freely in either type of crypto IRA without needing to worry about…

Read more…

Related articles

Revolutionizing Inter-Blockchain Communication – Benzinga

Revolutionizing Inter-Blockchain Communication  Benzinga Read more...

Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs, Setting Powerful Precedent for NFT Creators

David Leichtman, Leichtman Law managing partner, told CoinDesk TV on Tuesday that the case wasn’t necessarily about Mason...

UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45...

The war among blockchains should stop to speed up adoption – Cointelegraph

The war among blockchains should stop to speed up adoption  Cointelegraph Read more...