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Use a Solo 401(K) Plan to Buy Cryptocurrencies

  • Gains are tax-free
  • No time limit for holding property
  • Potential to earn a larger rate of return than traditional investments
  • Diversify your retirement portfolio
  • Protect Your retirement funds from inflation or a falling US dollar

The IRA Financial Difference

Experience You Need

IRA Financial Group has over a decade of experience helping investors self-direct their retirement accounts.

A Team You Can Trust

Our tax and ERISA professionals have helped over 12,000 clients invest $3 billion in alternative assets.

Unbeatable Reputation

IFG founder Adam Bergman is a leading voice on self-directed retirement & has authored 7 books on self-directing.

Tell Us What You Need

Our team will work one-on-one with you to establish a Self-Directed IRA, Solo 401(k) or ROBS solution that fits your goals.

Tips for Purchasing Cryptocurrencies with Solo 401K

Tip 1

Make sure you only use retirement funds to purchase the cryptocurrencies.

Tip 2

Make sure the cryptocurrency exchange account is opened in the name of the 401(k) plan or a special purpose LLC, if applicable.

Tip 3

Do not purchase or sell the cryptocurrencies to yourself or any other disqualified person.

Tip 4

Be sure to link your Solo 401(k) plan or special purpose LLC account, if applicable, and not a personal account to the cryptocurrency exchange account.

Tip 5

Do not hold the cryptocurrencies in a wallet that also holds cryptocurrencies owned by the 401(k) Plan participant personally or any disqualified person.

Tip 6

All income/gains or losses should flow from the cryptocurrency investment directly to the Self-Directed 401(k) Plan.

Tip 7

Work directly with a tax professional who has expertise in the IRS prohibited transaction rules.

Tip 8

Understand and weigh the risks and rewards involved in using a retirement account to invest in cryptocurrencies.

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“We have been surprised with the number of retirement investors who feel so strongly about the cryptocurrency market especially in light of the recent downturn.”

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“A broker typically charges commissions between 10% to 25% to buy and sell IRA-owned cryptocurrencies, wrote Adam Bergman, a tax partner with New York-based IRA Financial Group and president of IRA Financial Trust Company, in a March 14 Forbes article. Buying bitcoin in a self-directed IRA means investors pay fees between 0.15% to 2% to the  cryptocurrency exchanges, he wrote.”

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“Consider Adam Bergman, author of “How to Use Retirement Funds to Purchase Cryptocurrencies in a Nutshell.” Bergman heads Miami-based IRA Financial Group, which acts as a custodian for self-directed IRAs. His company’s services are not limited to cryptocurrencies.”

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