The high price for Bitcoins has created stronger demand for lower costs cryptocurrencies, such Litecoins & Ethereum.
IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans, has seen a surge in demand for more reasonably priced cryptocurrency than Bitcoins, such as Litecoins and Ethereum. “With the price of Bitcoins increasing, self-directed IRA & Solo 401(k) plan investors have been looking for a more reasonably priced cryptocurrencies, such as Litecoins and Ethereum,” stated Adam Bergman, a partner with the IRA Financial Group.
IRA Financial Group & IRA Financial Trust Company’s Crypto IRA platform with checkbook control will allow retirement account holders to buy, sell, or hold Bitcoins and other cryptocurrency assets and generate tax-deferred or tax-free gains, in the case of a Roth IRA. The primary advantage of using a self-directed IRA LLC to make Bitcoin investments is that all income and gains associated with the IRA investment grow tax-deferred (or tax-free in the case of a Roth IRA).
IRA Financial Group & IRA Financial Trust Company has partnered to offer a Bitcoin IRA LLC platform for cryptocurrency investors. The self-directed IRA LLC is an IRS approved structure that allows one to use their retirement funds to make Bitcoin and other investments tax-free and without custodian consent.
IRA Financial Group is the market’s leading provider of self-directed retirement plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including cryptocurrencies without custodian consent.
The IRA Financial Trust Company, a self-directed IRA bitcoin custodian, was founded by Adam Bergman, a partner with the IRA Financial Group. Mr. Bergman is a leading expert on the taxation of retirement funds and has authored multiples articles on how to use a self-directed IRA to buy cryptocurrencies.
Adam Bergman, IRA Financial Group partner, has written six books the topic of self-directed retirement plans, including, “The Checkbook IRA”, “Going Solo,” Turning Retirement Funds into Start-Up Dreams, Solo 401(k) Plan in a Nutshell, Self-Directed IRA in a Nutshell, and in God We Trust in Roth We Prosper.