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r/BitcoinSee Post

IRA/BTC advice

r/BitcoinSee Post

What % of Your Portfolio is Bitcoin?

r/BitcoinSee Post

IRA... Buying MSTR for Bitcoin exposure.... Thoughts?

r/BitcoinSee Post

Portfolio Mix

r/BitcoinSee Post

Take initial investment out

r/BitcoinSee Post

Self Directed Roth IRA and Self Directed IRA - bitcoin, alts, interest, foreign entities

r/SatoshiStreetBetsSee Post

Increase ROTH IRA annual limit! Sign the petition!

r/BitcoinSee Post

Talking real numbers (Throw Away account)

Mentions

r/BitcoinSee Comment

If you want to hold your own keys, you'll want a self directed checkbook IRA. You'll gave to work with (pay) a 3rd party to make it legal. Research self directed checkbook IRA and you'll find the costs and process. If it turns out you don't want to go that route, GBTC is a decent quick alternative for the time being.

Mentions:#IRA#GBTC
r/CryptoCurrencySee Comment

Sure I do. My Roth and IRA show that. Someone doesn’t have the ambition to trade alt coins and capitalize on the epic short term gains?

Mentions:#IRA
r/BitcoinSee Comment

1. Cost of fees pales in comparison to the additional risk of going from a diversified IRA to a single asset. 2. Crashes happen all the time and the market bounces back. Upon reaching retirement age, people don’t just cash out their entire portfolio, it is withdraw over their entire retirement period as income. Even a crash doesn’t drop any IRA to zero and make it worthless. 3. Yes you hold control but that is one relatively minuscule factor that doesn’t outweigh reallocating an entire retirement account.

Mentions:#IRA
r/CryptoCurrencySee Comment

BITO in my roth IRA.

Mentions:#BITO#IRA
r/BitcoinSee Comment

You can transfer from your 401k into a crypto IRA through iTrust capital. All the rules are the same but it’s crypto. The only downside is they custody your bag. (Could be good for some people though - you won’t lose your passphrase) However, I would agree to only transfer half of your account. I’m very optimistic that crypto will continue to outperform every other investment but being diversified will give you perspective and peace of mind on turbulent trading days. Good luck. 👍🏻

Mentions:#IRA
r/BitcoinSee Comment

If you’re looking for a retirement account where you can hold crypto, I use ITrustCapital for my Roth IRA. A family member of mine is apart of the founding team so thats where I learned about it a while back :)

Mentions:#IRA
r/BitcoinSee Comment

Is it in a 401k? I would just roll it to an IRA. Take spare $ and put it into BTC.

Mentions:#IRA#BTC
r/CryptoCurrencySee Comment

I use them in my Roth IRA - tax free gains

Mentions:#IRA
r/BitcoinSee Comment

There are simple or traditional IRAs that are pre-tax and then Roth IRA is after-tax.

Mentions:#IRA
r/BitcoinSee Comment

I converted my entire Roth and part of my SEP IRA'S...and I'm in my 50's.

Mentions:#IRA
r/BitcoinSee Comment

If cash out means liquidate, there is no tax hit. This is a key value of tax deferral. Taxation only occurs upon a withdrawal. Rolling over to a SD IRA solves it if it permits trading bitcoin

Mentions:#SD#IRA
r/BitcoinSee Comment

There’s a tax hit if you cash it out. If you roll it over into an IRA, and it meets the criteria, there’s no tax hit. There’s a few services you can use like this, AltoIRA is the one I remember. You roll it into their IRA and they basically let you invest it via Coinbase.

Mentions:#IRA
r/BitcoinSee Comment

Look into one of the self-directed IRA’s. I’m in the process of rolling my IRA into a self-directed Roth that I will then use to buy crypto. If you cash out your current retirement early you’re paying a penalty. Roll it into a self-directed IRA (FYI, they can also set you up with a traditional IRA or a self-directed 401K), you won’t pay any penalty because it’s a direct rollover and then you can buy and hold crypto in your IRA. Or real estate, or tax liens all kinds of things. The only thing you can’t hold in an IRA are collectibles. Google Bitcoin IRA and you’ll find a few companies that will help you set this up. Personally I chose Broad Financial but DYOR.

Mentions:#IRA#DYOR
r/CryptoCurrencySee Comment

I’m getting in this for the long run. I don’t want to be rich next year. I want to be rich in 10-15 years. Retire before I’m 60 and buy my daughter a house. So DCA and HODL is my strategy. 60% in Bitcoin/Ethereum, 35% in alt coins/moonshots, and 5% in cash. Overall, crypto will be 20% or less of my total DCA in investments. The majority in a Roth IRA

Mentions:#HODL#IRA
r/BitcoinSee Comment

Isn’t that the difference between an IRA and a 401k? IRA is after tax, 401k is pre tax. 401k selling before a certain age triggers tax penalties.

Mentions:#IRA
r/CryptoCurrenciesSee Comment

Well I'm an outlier because I moderate one of the subs for the crypto I use most and Ive been in crypto since about 2014. I know as much as I can before investing in any project. There's now 6500+ different cryptos and most will fail, so most are not worth any attention. You can only reinvent the mouse trap before it gets pointlessly redundant. My advice is to first recognize there's really only a couple solid main use-cases for crypto, there are small sub use-cases but first lets look at the main use cases. First and foremost some cryptos can be or are working to be a global decentralized money. Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. To be a good money, crypto needs to be fast, cheap to use, and have a network that can scale. Here's a good article that goes into much greater detail about what money really is https://www.investopedia.com/terms/m/money.asp A good money needs to be Fungible, Durable, Portable, Recognizable, and Stable. No crypto is completely all of these but these are the main traits to watch as cryptos work to improve those traits. The 2nd major use case for cryptos is decentalized finance, often shortened to DeFi. DeFi means you can use some cryptos to earn interest, stake in projects, lend to others for interest, launch tokens like NFT's, and park crypto in IRA's, etc. On top of that other traits to pay attention to are adoption level - not hype, but real usage both by real people and businesses. Better cryptos can get created everyday but if they don't really improve peoples experience in a significant way then eventually they will lose to coins that already have much greater adoption. But don't be easily fooled, Marketcap and reddit/twitter bots and youtube shillers are easy things to game, look more at real pictures and videos of people using it, that's a much harder thing to fake. Which kind of leads to the 3 major use of crypto ponzi's, most cryptos are nothing more than ponzi scams just looking for the greater fool to buy up their bags so someone can dump on you. This is why I recommend to just focus on the top 50 or so most well known coins and generally ignore the rest, they are mostly never gonna do anything except cost people time and money so be careful.

Mentions:#IRA
r/CryptoCurrencySee Comment

Wouldn't you expect to hear about banks stopping transfers to securities brokerages, then? Whenever this comes up, I never see a comment like "fucking bank blocked my IRA contribution with Vanguard, too!"

Mentions:#IRA
r/BitcoinSee Comment

I'll just echo, 3-6 months of expenses first. Make a gameplan to pay off any credit card debts as well. If your employer does a 401k match, that's a great way to start as well. In terms of btc, buying any amount is a good way to start. More importantly, buying any amount on a regular schedule (dollar-cost averaging) is an awesome way to invest period. I always learned hands on. Opening a ROTH IRA was how I started out. Crypto investing can teach many of the same fundamentals. Even if you lose money by making mistakes, it's like your paying for an education haha

Mentions:#IRA
r/CryptoMarketsSee Comment

Oh yea for sure, I’ve only got like 630 In crypto as I just started this month and I’ve got 400 in a company 401k and then I’ve got over 11 grand in a bank account Roth IRA and so much in savings

Mentions:#IRA
r/CryptoCurrencySee Comment

I do half ETH, other half mainly SHIB and Saitama because I believe in the projects, and small amounts on other alts that I feel are more of a gamble. Get called a degen but I wanna make some money now then do index funds when I can put in larger amounts. Probably should start an IRA now but feel too much potential in Crypto right now

Mentions:#ETH#SHIB#IRA
r/CryptoCurrencySee Comment

I started buying in 2016. I'm done in another 14.7 years roughly. Thats the plan anyway. But after the insanity in this cycle and the last, the next halvening amping my current holdings that's been built over the last 5 years + another 2/3 year bear market would probably push me heavily into "retire early now instead" territory. The thing is, my traditional holdings in my IRA, 401k and Individual trading account have been soaring since 2010 as well. Everything has been going fucking crazy the last decade and its massively accelerated the timetable for those fortunate enough to be gainfully employed over that time period man. So who knows.

Mentions:#IRA
r/CryptoCurrencySee Comment

I’m more than okay I’m about to liquidate my Roth IRA as well

Mentions:#IRA
r/CryptoCurrencySee Comment

I'm using crypto as a long term holding for my retirement portfolio, about a 10% to 15% allocation. I've set up a Roth IRA that owns an LLC and then that LLC buys and sells the crypto. So since it's in a Roth IRA I'm looking to hold it until at least 59 1/2 which is about 28 years away. But I will sell portions of it to keep my allocation in check and do the occasional swing trade on some alt coins. The beauty is that since it's in a Roth IRA I don't have to worry about taxes.

Mentions:#IRA
r/BitcoinSee Comment

I joined ITrust 9 months ago. Their customer service is very poor and their software really sucks as compared to Coinbase and Gemini. Also, recently their trading software is full of server errors on a daily basis. I am really frustrated with their platform and trying to get out. Any good crypto IRA platform with reasonable fees and good customer service based on personal experience. No pitch as employee please! Thanks

Mentions:#IRA
r/CryptoCurrencySee Comment

Maxing out my IRA with NBTC.

Mentions:#IRA
r/CryptoCurrencySee Comment

4. But multiply it by 2 and throw it in a Roth IRA

Mentions:#IRA
r/CryptoCurrencySee Comment

Option 1 but open a Roth IRA so you can retire on it in the future

Mentions:#IRA
r/BitcoinSee Comment

I'm trying to find the name of the bank that iTrust Capital uses as their cash holding institution. I believe this is where my transferred IRA funds sit until I invest them in crypto. Does anyone know what this bank is called and where it is based?

Mentions:#IRA
r/BitcoinSee Comment

> What’s your solution hold it on your phone or exchange? I don't know about in the USA, but in Canada where I live the safest option for holding bitcoin is currently one of our ETFs. We have ones that are contractually committed to holding the coins 1:1, which is important not because just "they promised!" but because by promising, they obligate the brokerage to buy out my shares *at the coin's market price* if the ETF goes under for whatever reason (innocent reason, rug pull, hacked, scam, whatever), and I lose no value. The price cannot by definition crash on a pegged ETF. If the brokerage proceeds to then go under as well, the government insures it instead. Regardless, those ETF guys can pull whatever stupid shenanigans or crimes they want, or lose their coins, or blah blah, and I don't have to care, I'm just fine regardless. So it's even safer than native bitcoin. It also happens to be more profitable than native bitcoin because I can easily put it in registered accounts, such as a TFSA (our equivalent of a Roth IRA) for zero capital gains tax.

Mentions:#IRA
r/BitcoinSee Comment

I heard that in the US you can use an IRA to pay zero taxes on your crypto gains. But not sure if there's a catch. Unfortunately Germany doesn't have something like that... not for crypto and not for stocks.

Mentions:#IRA
r/CryptoCurrencySee Comment

Dude, you are a doctor get a damn financial advisor. Open a Roth IRA or see if your job has a 401k you can put money in. Otherwise just put money into ETFs. VOO is pretty good.

Mentions:#IRA
r/CryptoCurrencySee Comment

Explaining it to IRA: Gained 10k from SHIBA INU—> Got rug pulled on some other INU. Can y’all pay me $0.37 for all my lost dollars

r/BitcoinSee Comment

Short version: No. Long version: Still probably no, but what other money do you have? If that's all the money you've saved, no, don't keep it all in bitcoin. If you have a rainy day fund and and IRA you max every year, sure, keep some bitcoin.

Mentions:#IRA
r/BitcoinSee Comment

Nope. I don't really worry about how much money I miss out on investing. I already sock away a decent amount between my 401k, Roth IRA, and play-money investments

Mentions:#IRA
r/CryptoCurrencySee Comment

Um... "offshore IRA" isn't a thing. IRAs are constructs under US tax laws.

Mentions:#IRA
r/CryptoCurrencySee Comment

Crypto is property as far as the IRS is concerned. Doesn't matter if it is earned offshore or onshore for tax purposes. Where you could benefit is opening and offshore IRA. Gains are not taxed until retirement. Open an offshore Roth and gains are not taxed at all.

Mentions:#IRA
r/CryptoCurrencySee Comment

I’m literally planning to not sell for a minimum of 5 years unless I make enough and want to sell some for a sizeable down payment on a house. But I might just take that money out of my IRA, I have way more in that and I think SOME coins have way more upside in the mid term.

Mentions:#IRA
r/BitcoinSee Comment

Transfer to IRA and buy GBTC would be easiest

Mentions:#IRA#GBTC
r/BitcoinSee Comment

They have high fees and have control over your crypto. Open a self directed checkbook control IRA. Google the exact phrase and you will be on your way.

Mentions:#IRA
r/CryptoCurrencySee Comment

Just wondering if anyone has used itrustcapital as their main Roth IRA and how is it?

Mentions:#IRA
r/CryptoCurrencySee Comment

Wealthfront now allows you to buy the grayscale BTC and ETH trusts as well. So you can get crypto exposure in your robo advisor personal investment account or your IRA / Roth IRA with them.

Mentions:#BTC#ETH#IRA
r/CryptoCurrencySee Comment

[I know right.... that's why I avoid them by trading BTC with my self directed Roth IRA](https://altocryptocurrency.com/home)

Mentions:#BTC#IRA
r/BitcoinSee Comment

This is a decent option, but you can’t self custody your keys so just buying GBTC might be a better idea. Alternatively you can do a self directed checkbook IRA (google it).

Mentions:#GBTC#IRA
r/BitcoinSee Comment

I moved a Roth IRA to BitcoinIRA. Easy.

Mentions:#IRA
r/CryptoCurrencySee Comment

Neither. I have more than a years salary in crypto, not retired off it, and regularly watch the market for fiat pulls and pushes. The thing is, it's substantially more than I ever put in thanks to having gotten started years ago with what little extra cash I had to spare. Since I buy and hold most projects I just pull about 40k every year if I feel like it for 0% long term cap gains. For example, I used that money this year in May when the market was shitting the bed to put 15k down on a new car and then put most of the money back into new projects (like the SOL I purchased around $20). I now have around 15k in my bank accounts and my portfolio continues to climb. Next massive bear cycle I'll pull another fat chunk out and start my DCA all over again. I'm now going into my 4th year of doing this and am using the regular years of income from crypto sales to boost my income for purchasing a house. I'm nowhere near able to retire off crypto and I'm far from wealthy. I just play the game as best I can within my means, all while treating the big dogs (ETH/BTC) as a retirement plan. I also max my IRA every year at 6k.

r/BitcoinSee Comment

You could open a self-directed IRA at [ITrustCapital.com](https://ITrustCapital.com) Then transfer your 401-k to fund it.

Mentions:#IRA
r/CryptoCurrencySee Comment

Less than a month for me. We bought a house this year, so we're still fixing a few things and figuring out what our "real" budget is. I kept up my Roth IRA contributions, because I think tax advantaged investments in mutual funds are still worth it. Starting a side gig very soon. I'll probably split that between crypto, paying down student loans, and fun. I go back and forth on which of those areas is more important.

Mentions:#IRA
r/BitcoinSee Comment

Look into a self directed IRA. Other outfits in the space are nothing more than “Vanguard/Fidelity of crypto” while not bad, not your keys not your coin.

Mentions:#IRA
r/CryptoCurrencySee Comment

Still time, who knows where CRO will level out, they have been very aggressive lately! Also you’re head is in a much better place than mine at that age. Start a Roth IRA along with your crypto investments asap and you’re gonna be living the good life. I’m jealous.

Mentions:#CRO#IRA
r/CryptoCurrencySee Comment

Get something like ProtonMail email for sensitive things like crypto. Use the Webmail login on a brave browser or something. You can encrypt a folder with a seed phrases to like Keplr/AlGO/Valora Wallet etc. And secure message yourself as one form of additional back up. If you lose your phone you can recover from email and encrypted password protected files. It all depends on how much you got to protect. You could stack into a crypto IRA using the secure email. Set Touch ID on 2FAS on a primary and second device. SimpleSwap and Osmosis for chain transfers. Stay save. Do your research. Good luck.

Mentions:#IRA
r/BitcoinSee Comment

If it’s a decent amount then in IMO you should definitely diversify. Diversification protects you if/when something happens with one of the assets. You’re betting the house on 1 thing. It probably won’t happens but btc can be wiped out. It’s not like it isn’t possible. Something better or more globally accepted could takeover, there could be a hack, a glitch, I mean the list goes on. In the end, it’s all about what the acceptable risk is for you. A financial advisor would look at your lifestyle, job, money/assets and try to determine your best risk. When you’re younger it’s recommended to be exposed to more risk, when you’re older you should be invested in less risk. In my opinion you want money spread out, via cash, crypto, real estate, bonds, mutual funds, etc. You may not be dumb but you may be considered irresponsible, but no one ever knows, being all in BTC you’ll either end up the smartest guy ever or the dumbest. If I were you I’d probably at least have 20% in an IRA or something. But in the end it’s on you. Either way... good luck.

Mentions:#BTC#IRA
r/CryptoCurrencySee Comment

I love my Roth IRA because I can easily move money around without having to pay taxes. Got 12 shares of GBTC today and 10 shares yesterday from selling a bit of my index funds

Mentions:#IRA#GBTC
r/CryptoCurrencySee Comment

I don't know to be honest. It gets floated around in the frequent flyer miles world quite a bit (threatened, but nothing firm yet). I was curious how IRA handling crypto perks.

Mentions:#IRA
r/CryptoCurrencySee Comment

People balk at the 4k yet have zero issues locking 10% of their paychecks away in an IRA for decades.

Mentions:#IRA
r/CryptoCurrencySee Comment

Short term gains are at your tax bracket in the US. Most people here probably aren’t in the highest one. But yeah. Save some to make IRA contributions or something to bring your tax liability down.

Mentions:#IRA
r/BitcoinSee Comment

Hey guys, I started a useful company called DoradoIRA. It’s a blockchain/crypto only IRA, but we don’t charge trade fees and you can invest wherever you want on the blockchain in tax free accounts. We are launching soon and need a few old 401k’s to rollover. Hit me up if you want a discount!

Mentions:#IRA
r/CryptoCurrencySee Comment

It's well worth learning about what the song is about too. Its obviously an amazing song. But coupled as a piece of art about Northern Ireland, the IRA, and England it becomes a devastating tribute. So glad you're rocking it!

Mentions:#IRA
r/CryptoCurrencySee Comment

You can fund a Roth IRA with American funds for $50 a month but I’d rather stick my ass up the butchers head

Mentions:#IRA
r/CryptoCurrencySee Comment

My life's savings is only 6k; yolo-ing it is my only shot for short term gains. Obviously the smart thing would be putting it in a Roth IRA

Mentions:#IRA
r/CryptoCurrencySee Comment

Not just short term traders. Ada is the only bag I’ve sold and held it for over a year. Even if it hits 5 dollars, there are much more productive products to put your money into. I didn’t join crypto to make baby gains, I have a Roth IRA for that.

Mentions:#IRA
r/CryptoCurrencySee Comment

[Mainstream adoption is getting closer, you can even put crypto in a Roth IRA now a days](https://myaltocryptoira.com/taxadvantageblog)

Mentions:#IRA
r/CryptoCurrencySee Comment

Crazy, you can fund a Roth IRA with those returns.

Mentions:#IRA
r/CryptoCurrencySee Comment

A couple hundred a week is plenty. Buy BTC. Keep buying BTC. In a few years it will be a lot further along then a couple hundred in an IRA. As you get more informed about crypto, find out your comfort zone and risk level, and discover/research more projects, you may branch out some. Even if you do though, continue buying BTC.

Mentions:#BTC#IRA
r/CryptoCurrencySee Comment

Ouch, yeah Bitcoin supposed to be better than traditional but seems like a Bitcoin IRA is worst of both worlds.

Mentions:#IRA
r/CryptoCurrencySee Comment

Ideally this is $300 a month after maximizing employer 401k match and maxing out Roth IRA contributions. But this isn't investment advice. I just love crypto like you guys but hate when folks ignore the regular means of long-term wealth accumulation.

Mentions:#IRA
r/CryptoCurrencySee Comment

That’s basically what I do on top of my IRA contributions each month. I ignore the price and just stack it up. I also convert my XLM rewards from the Coinbase card to ETH and stake them so I can’t touch it for awhile. It’s worked well so far.

Mentions:#IRA#XLM#ETH
r/CryptoCurrencySee Comment

The article just said “life savings”, and given what a moron he clearly was he very well could have cashed out his retirement account. I’m targeting 50 for my retirement age, and if I don’t have 3m at that point not including my 401k/IRA I’m considering that a fail. If he’s around that age or older and only has 400k saved I’d be majorly stressing out

Mentions:#IRA
r/BitcoinSee Comment

Your employer likely uses a fund manager that decides the options available. My request fell on deaf ears; My second request to allow me a self-administered 401k brokerage acocunt also fell on deaf ears. So I quit, and rolled it all into an IRA brokerage account where I can pick whatever symbols I want. Best decision of my life.

Mentions:#IRA
r/BitcoinSee Comment

Does it need to be Florida/dc/NY for a particular reason? I’m using Solera national bank for a business account and so far no issues with crypto. They specialize in IRA checking accounts so they deal with crypto exchanges a lot I’d guess and would lose a lot of business if they messed with it. Not sure about the multi-sig—lol account you have, but I’m sure there are some national banks that would help you.

Mentions:#IRA
r/CryptoCurrencySee Comment

If we’re still down tomorrow I’m gonna put a small chunk of my Roth IRA into GBTC tbh

Mentions:#IRA#GBTC
r/CryptoCurrencySee Comment

Right? If you want a *chance* at making 3x ROI in a year, go for crypto and research like crazy. If you're concerned about a consistent stable annual yield around 12% then max out your IRA (or if you have a 401k, that first). Any excess after that, put it into a spread of index funds. I got out of crypto before BTC hit 10k, and though I made a great ROI then, I desperately wanted stable recurring gains.

Mentions:#IRA#BTC
r/CryptoCurrencySee Comment

My wife and I don't have cable. We stayed at a comped hotel room last night for a little mini-getaway from the dogs. Lol and behold, ALTO IRA commercials on Comedy Central now!

Mentions:#IRA
r/CryptoCurrencySee Comment

Are there IRA accounts that let you do crypto in the US?

Mentions:#IRA
r/CryptoCurrencySee Comment

Just saw a commercial for Alto, supposedly a tax deferred crypto IRA service. Anyone use this yet? https://grow.altoira.com/cryptobrain

Mentions:#IRA
r/CryptoCurrencySee Comment

There's a post around here somewhere about opening up an IRA that is self-directed, so you can buy and sell stock or crypto with no tax implications...unless you cash-out. Waiting to see how it works out, nobody has posted their experiences about it yet.

Mentions:#IRA
r/BitcoinSee Comment

Be careful of surrender fees on the 403b. If they allow in service rollovers move the money to your own IRA where you can invest in gbtc or one of the Canadian btc etf funds that hold btc. You should continue contributing to your retirement plans whatever you need to get ant employer match but beyond that invest on your own including buying btc if that's what you want to do.

Mentions:#IRA
r/CryptoCurrencySee Comment

I’m thinking about putting a chunk of my Roth IRA into GBTC Monday if it’s still around these prices. I’ve noticed a lot of times it pumps on the weekends and then corrects sharply Monday mornings so we’ll see

Mentions:#IRA#GBTC
r/CryptoCurrencySee Comment

Will their IRA have capital gains tax? Or will it function differently from a traditional Roth?

Mentions:#IRA
r/CryptoCurrencySee Comment

Can existing cryptocurrency be transferred into a self-directed IRA, or does the crypto have to be purchased inside the framework of the IRA?

Mentions:#IRA
r/CryptoCurrencySee Comment

I understand just fine. My question is more towards crypto and everything going on with it. Hence “ falls under a normal IRA” comment, but you knew that…… Still there are fees when doing a trade with them?

Mentions:#IRA
r/CryptoCurrencySee Comment

Do you not understand how an IRA works? Why are you even investing if you don't know simple things like the purpose of an IRA? A simple google search "what is an IRA" and looking up the firm's website would have answered all your questions.

Mentions:#IRA
r/CryptoCurrencySee Comment

Open a ROTH IRA and buy greyscale ETHE fund. If you are really going to retire off it, you will save yourself the gain taces

Mentions:#IRA
r/CryptoMarketsSee Comment

I’m a simple guy. I see Alto IRA ad, I downvote.

Mentions:#IRA
r/CryptoCurrencySee Comment

I’ve been slowly investing in my Roth IRA for over a decade (US citizen), and have about 10k in a converted 401k from this one time I had retirement benefits. Growth has been slow and steady, but hopefully with compounding interest they’ll be worth something decent when I’m ready to retire (at least the Roth). But most of my excess funds have sat in my checking account for ages, doing nothing. Started investing in crypto in August. Not going to cash in my retirement funds, but I don’t know if I’m going to keep putting money in them while I can just put it in BTC.

Mentions:#IRA#BTC
r/CryptoCurrencySee Comment

Nope. Roth IRA is still a great vehicle for wealth building. I'm going to be maxing that contribution out as long as I qualify, at the very least.

Mentions:#IRA
r/CryptoCurrencySee Comment

I have plenty in stocks through an IRA and 401k, but I’ll be honest, I’m not all that confident in the stock market’s stability over the next 20 years. The idea of having an even larger slice of my wealth reliant on stocks is not appealing. If the choice was forced, I’d buy more real estate with it, but the thought exercise is would you give up the gamble and opportunity of crypto for $1mil, and my answer is no

Mentions:#IRA
r/BitcoinSee Comment

What I have a problem with is when corrupt politicians complain about rich people using the very same loopholes they created for them. I mean, did ANYONE really think the Roth IRA would not be used to accumulate massive amounts of tax free wealth ? The very MOMENT it was created, I started converting accounts, and stuffing the thing with all my retirement savings, from all the associated accounts (IRA, 401k, SEP). And whom do the politicians think created this loophole Roth IRA ? Its actually NAMED after the corrupt politician that created it (!!) We also can't really blame Bezos for printer go BRRRRRR, they didn't do that for him, they would have even done that if there were no billionaires, and when they are done, we could all be 'billionaires', at least in nominal terms !

Mentions:#IRA
r/CryptoCurrencySee Comment

Things I’ve learned; 1) Research and make educated decisions. Invest in projects because you believe in them and have done your research, read the white papers and have looked outside the world of YouTube and Reddit. Don’t take someone’s word that X is going to go to the moon. 2) Dollar Cost Averaging. You will care less about “the dip” and won’t be as emotional when it comes to buying and selling. 3) Diversify. Crypto is great but you should invest in more than one or two projects. Take your DCA and spread it out. You will see some users post about how they invested in the top 10 coins for a year and what success or failures they had. Simply put don’t put all your eggs in one basket unless you want to have a bad time. 4) Never invest more than you care to lose. 5) Stake your coins if it’s offered. 6) Use a reputable exchange; Coinbase / Coinbase Pro or Crypto.com are two I like the best. 7) Get a wallet. Unless the coins are in your wallet they aren’t yours. Look into a hardware wallet; Ledger and Arculus are two of the most popular one’s. Remember your recovery phrases for your wallet. Don’t put them on your phone in your pictures. Write them down and store them in a place in your house or apartment where you won’t lose it. I’ve found more than one place works. 8) Don’t post or advertise the amount of crypto you own; it’s annoying, and you leave yourself open to scammers and hackers. 9) You will never time the market. 10) Don’t glance at your portfolio or Reddit every hour; it will encourage FOMO and you’ll make stupid decisions which you will regret later; and if you don’t buy you’ll sell because you saw your investments drop into the red. Think big picture and stick to your plan. 11) Have fun and don’t expect to become the next millionaire who discovered Bitcoin when it was only $3 in 2011. Chances are you would have sold it way before 2021 especially if you’re like half the people on Reddit. 12) Crypto isn’t the only world of investing. I would argue most crypto is speculating. Remember if your employer offers a 401k with a match, invest up to the match - it’s free money. Then open a Roth IRA and max it out every year in some index funds.

Mentions:#IRA
r/BitcoinSee Comment

I know what IRA is or what ROTH IRA is and what 401k is. IRA is actually taxable upon withdrawal. The taxes are postponed until distribution. If anything ROTH is a better option if talking btc as gains are not taxed at all after initial deductions. With BTC you are taxed when you buy and taxed when you sell. So the btc IRA would still land you to owe taxes upon cashing out. BTC is actually tax free if done right.

Mentions:#IRA#BTC
r/CryptoCurrencySee Comment

I guess they think all .com's went to zero... Hope their IRA's & & 401K's didn't think that.

Mentions:#IRA
r/CryptoCurrencySee Comment

Unless in an IRA of course

Mentions:#IRA
r/CryptoCurrencySee Comment

Not financial advice...but I think if the Crypto started in an IRA you could trade within it.. on Coinbase I read if you exchange one coin for another it is like a taxable sale..but do DD. I am too as planning to Hodl long..so IRA makes sense.

Mentions:#IRA
r/CryptoCurrencySee Comment

How do you pay less tax when casing out? Are crypto IRAs worth it? IRA vs 401k? Can I move my crypto from coinbase to an IRA without taxes?

Mentions:#IRA
r/BitcoinSee Comment

Please gimme that 15k BTC is sell my IRA for a chance at that

Mentions:#BTC#IRA
r/BitcoinSee Comment

She is the reason ARK is 10% of my IRA, she is brilliant.

Mentions:#ARK#IRA
r/BitcoinSee Comment

What are you even talking about? Self made millionaires are made every day in the United States through people’s retirement accounts. My father who has never made more than a $60k/year salary as a blue collar labor worker retired as a multi millionaire through his IRA a few years back. It is not difficult for to become a self made millionaire in the modern economy

Mentions:#IRA
r/BitcoinSee Comment

You gonna move to a Carribean island for .05 Bitcoins? Majority of the folks are not going to go extra mile to change their life in order to avoid paying taxes like that. IRA is a great option and clearly you have no idea what it does.

Mentions:#IRA
r/CryptoCurrencySee Comment

Is anyone familiar with Alto crypto IRA? Got an ad for them on Brave, and I'm wondering if anyone has used them, what their experience has been, etc. I'm in the US

Mentions:#IRA
r/CryptoCurrencySee Comment

I'm mostly in for the long hall, but I do a small amount of trading. Like if I see a large, suddenly spike, I might sell off a little, and then if it corrects after, I can buy back in, otherwise I'll toss it into my IRA.

Mentions:#IRA
r/BitcoinSee Comment

Why is this downvoted so hard? This is very very sound advice apart from the USA based IRA aspect.

Mentions:#IRA