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.
IFG founder Adam Bergman is a leading voice on self-directed retirement & has authored 7 books on self-directing.
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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
Make sure you only use retirement funds to purchase the cryptocurrencies.
Make sure the cryptocurrency exchange account is opened in the name of the 401(k) plan or a special purpose LLC, if applicable.
Do not purchase or sell the cryptocurrencies to yourself or any other disqualified person.
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.
Do not hold the cryptocurrencies in a wallet that also holds cryptocurrencies owned by the 401(k) Plan participant personally or any disqualified person.
All income/gains or losses should flow from the cryptocurrency investment directly to the Self-Directed 401(k) Plan.
Work directly with a tax professional who has expertise in the IRS prohibited transaction rules.
Understand and weigh the risks and rewards involved in using a retirement account to invest in cryptocurrencies.
“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.”
“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.”
“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.”