IRA Financial Group’s Private Key Control Self-Directed IRA LLC

IRA Financial Group has helped over a thousand clients invest in cryptocurrencies in just the last year. We have authored numerous articles on Forbes on the taxation of cryptocurrencies.

Please click here to read the Forbes article by IRA Financial Group’s Adam Bergman entitled “What To Know Before Purchasing Cryptocurrencies With Retirement Funds.”

Read the latest Forbes article by IRA Financial Group's Adam Bergman.

Our Private Key Self-Directed IRA LLC solution will allow you to have total control over your cryptos, either via an exchange, such as Coinbase, or through a digital or hard wallet that you hold and control.  You, as manager of the LLC, will have total control over your crypto wallet and be the sole person in control of the wallet’s private key.  Some IRA custodians require that you use their brokers to buy and sell your cryptos and they arrange for the safekeeping of the cryptocurrencies, including holding the private key and the cryptocurrencies themselves. The first thing you hear about when investing in cryptocurrencies is to never give away your private key as it is like giving away your ATM pin code or keys to your home.  Nevertheless, some IRA custodians are requiring IRA investors to do so.  IRA Financial Group believes there is a better and safer way to allow its clients to invest in cryptocurrencies – the Private Key Control Self-Directed IRA LLC.

How to Use a Private Key Control Self-Directed IRA LLC to Invest in Cryptocurrency?

Working with IRA Financial Group to purchase cryptocurrencies, such as Bitcoins, Ethereum, Ethereum Classic, or Litecoins, with a Self-Directed IRA is quick and easy.

Self-Directed IRA LLC Cryptocurrency Solution1. Establish a Self-Directed IRA account with IRA Financial Group.

2. Rollover retirement funds, cash or in-kind, tax-free to new Self-Directed IRA account.

3. The IRA assets will then be transferred to the LLC tax-free in exchange for 100% interest in the newly established IRA LLC.

4. You, as manager of the LLC, will open a bank account for the LLC at any local bank. IRA Financial Group will draft an LLC Operating Agreement identifying you as manager of the LLC and the IRA as the sole member.

5. You, as manager of the LLC, will then have checkbook control over all the assets/funds in the IRA LLC to make the cryptocurrency investment.

6. A cryptocurrency account would be opened in the name of the IRA LLC. We have helped hundreds of clients establish cryptocurrency accounts for their Self-Directed IRA LLC at most of the popular cryptocurrency exchanges.

7. You, as manager of the LLC, will then wire the IRA LLC funds to the new cryptocurrency account opened at the exchange. The account will be opened in the name of the IRA LLC. As manager of the LLC you will have the option of keeping the cryptos on an exchange, such as Coinbase, or move them to a digital or hard wallet you control and where you hold the private key.

8. Since the LLC is owned 100% by an IRA, it will be treated as a disregarded entity for tax purposes. No Federal income tax return is required to be filed and all income and gains from the cryptocurrency investment will flow back to the IRA without tax.

Why Choose IRA Financial Group For Your Cryptocurrency Self-Directed IRA Investments

Cryptocurrency investments, are risky and highly volatile.  Any investor interested in learning more about investing in cryptocurrencies should do their diligence and proceed with caution.

Free Crypto IRA Solution Information Kit

For more information on our Crypto IRA Solution, please click the image below to receive our free information kit.

Crypto IRA Solution Kit

Crypto IRA Solution Kit

Why Work With the IRA Financial Group?

The IRA Financial Group will take care of the entire setup of your Private Key Control Self-Directed IRA LLC cryptocurrency structure. The whole process can be handled by phone, email, fax, or mail, and typically takes between 7-14 days to complete, the timing of which largely depends on the state of formation and the custodian currently holding your retirement funds. Our IRA Experts and tax professionals are on-site, greatly reducing the setup time and cost. Most importantly, each client of the IRA Financial Group is assigned a tax professional and CPA to help with the establishment of the Private Key Control Self-Directed IRA LLC structure.

Call us at 800-472-0646 and learn more about the benefits and tax advantages of establishing a Self-Directed IRA LLC to purchase cryptocurrencies tax-free. Take control of your retirement funds and hold cryptocurrencies yourself on an exchange or wallet! It’s quick & easy and we can have cryptocurrencies in your Self-Directed IRA LLC structure established in days!

Did you know? You can use your Self-Directed IRA to buy Bitcoins and other cryptocurrency and generate tax-deferred gains.

You may also find the following links helpful

Is a Self Directed IRA LLC IRS Approved?

IRS Rules and Guidelines

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