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Ep. 433 - Investing in Crypto Through Your IRA with Todd Southwick of iTrust Capital
In this episode of CRYPTO 101, brought to you by LinkedIn Jobs, we talk to Todd Southwick of iTrust Capital about how his company is helping investors take their traditional money management funds and invest that equity into crypto… all while preventing what would normally be taxable transactions.
Are you ready to revolutionize your retirement savings? Imagine investing in the explosive growth of cryptocurrency while enjoying the tax benefits of an Individual Retirement Account (IRA). It’s not science fiction; it’s the Crypto IRA, and it’s changing the game for forward-thinking investors.
What is a Crypto IRA?
Think of a Crypto IRA as your traditional retirement account, but turbo-charged with the potential of digital assets like Bitcoin. Instead of stocks and bonds, you’re investing in crypto, all within a tax-advantaged environment. But how do you even get started with investing in a crypto IRA?
Why Invest in a Crypto IRA? The Tax-Advantaged Edge
Let’s face it: crypto taxes can be a headache. A Crypto IRA offers a strategic way to potentially sidestep those headaches. By holding your crypto investments within an IRA, you could defer or even eliminate capital gains taxes. It’s like having your cake and eating it too!
iTrust Capital Crypto IRA: A Gateway to Digital Retirement
So, how does it all work? Companies like iTrust Capital specialize in facilitating Crypto IRAs. They provide the platform and resources to seamlessly transfer funds from your existing retirement accounts into crypto. Imagine the possibilities!
Is a Cryptocurrency Roth IRA Right for You?
Considering a Cryptocurrency Roth IRA? With a Roth IRA, you pay taxes upfront, but qualified withdrawals in retirement are tax-free. This can be a huge advantage if you believe your crypto investments will skyrocket in value.
Investing in Bitcoin IRA
Bitcoin is the first cryptocurrency and still the most popular, so investors may want to consider investing in a Bitcoin IRA.
Navigating the Future of Finance
The world of finance is evolving, and Crypto IRAs are at the forefront. By strategically integrating crypto into your retirement plan, you could position yourself for significant growth while taking advantage of valuable tax benefits.
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*This is NOT financial, tax, or legal advice*
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