Archive for the ‘Self-Directed IRA Cryptos’ Category

Five Things You Need To Know About Using Retirement Funds to Buy Bitcoin

April 23rd, 2018

Investing in Bitcoin or other cryptocurrencies inside or outside of your retirement account can prove to be quite volatile and risky.  That being said – it is well established that a retirement account, such as an IRA or 401(k) Plan, is permitted to purchase bitcoin. IRS Notice 2014-21 clearly holds that cryptocurrencies shall be treated […]

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Bitcoin IRA Fees

March 19th, 2018

There are generally two ways to purchase cryptocurrencies with IRA funds: (i) The Bitcoin IRA Broker/Custodian Controlled approach, and (ii) the Wallet Control IRA LLC solution.  Both structures have some advantages and disadvantages. Bitcoin IRA Broker/Custodian Controlled With the Bitcoin IRA Broker/Custodian Controlled approach, the IRA investors must purchase the cryptocurrency through brokers associated with […]

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Three Things You Need To Know Before Buying Bitcoins With An IRA

March 16th, 2018

Here’s another Forbes.com article from our own Adam Bergman talking about Bitcoin IRAs – The IRS has made it clear in IRS Notice 2014-21 that cryptocurrencies shall be treated as property for federal income tax purposes. Accordingly, just like stocks and real estate, cryptocurrencies may be purchased with retirement funds.  The question then becomes, if […]

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Cryptocurrencies Are Commodities, Federal Judge Says. What This Means For Bitcoin IRA Investors.

March 9th, 2018

Here’s another article from Adam Bergman what appeared on Forbes.com – On March 6, 2018, a federal judge has upheld the notion that cryptocurrencies, such as Bitcoin, are commodities and can therefore be regulated by the U.S. Commodity Futures Trading Commission (CFTC). Since 2015, the CFTC has claimed that cryptocurrencies were commodities.  However, this is […]

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New Book on Using Retirement Funds to Buy Cryptocurrencies by Adam Bergman Now Available on Kindle

March 6th, 2018

New Bitcoin IRA book is the first to address the topic of how to use a self-directed IRA or Solo 401(k) plan to buy cryptocurrencies, such as Bitcoin How to Use Retirement Funds to Purchase Cryptocurrencies in a Nutshell, now available on Kindle, written by Adam Bergman is the first book to address the topic […]

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Taxation Of Cryptocurrency Proof Of Stake Transaction Fees

March 2nd, 2018

Here’s the latest article by Adam Bergman from Forbes.com – Cryptocurrency mining is the process by which transactions are verified and added to the block chain. Anyone with access to the internet and suitable hardware can participate in mining. In general, the most common way to mine cryptocurrencies is called Proof of Work (“PoW”). In […]

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Using Retirement Funds to Purchase Cryptocurrencies – Currency Exchanges

March 1st, 2018

Continuing our series of article about cryptocurrencies and retirement, here we’re going to talk a little about currency exchanges.  An exchange is basically an online place to store your cryptos.  It also serves as a place to buy and sell your Bitcoins, as well as other digital currencies.  Exchanges, like any other service, have their […]

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Using Retirement Funds to Purchase Cryptocurrencies – The Blockchain

February 26th, 2018

According to IRS rules, you are allowed to use your retirement funds to invest in cryptocurrencies.  This can be done with any self-directed retirement plan from the IRA Financial Group, including the Self-Directed IRA, Self-Directed Roth IRA and Solo 401(k) Plans.  In this series of posts entitled “Using Retirement Funds to Purchase Cryptocurrencies” we’re examining […]

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