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 of how to use retirement funds to purchase bitcoin and other cryptocurrencies.
Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the Internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers. Cryptocurrencies are generally as secure as possessing physical precious metal. Just like holding a gold bar, a person who takes reasonable precautions will be safe from having their personal cache stolen by hackers. Using retirement funds to purchase cryptocurrencies is viewed as tax efficient since there would be no tax on any gains generated from the cryptocurrency investment. “I wrote this book to help all cryptocurrencies investors better understand the tax implications of investing in cryptocurrencies, including the option of using IRA or 401(k) funds,” stated Adam Bergman.
According to Mr. Bergman, the new Bitcoin IRA book, which is now available on Kindle, is a great source for anyone who is looking to learn more about how cryptocurrencies work, blockchain technology, the process of mining, how to open a cryptocurrency exchange, the taxation of cryptocurrency pursuant to IRS Notice 2014-21, as well as an in-depth review of how to use a self-directed or solo 401(k) plan to purchase cryptocurrencies, while maintaining control over the wallet and private key.
Adam Bergman is a frequent contributor to Forbes.com on various topics involving retirement accounts, including the taxation of cryptocurrencies, and has been quoted in over one hundred major news publications on the area of self-directed retirement plans. Mr. Bergman has been interviewed on CBS News and has been quoted in Businessweek, CNN Money, Forbes, Dallas Morning News, Daily Business Review, Law.com, San Francisco Chronicle, U.S. Tax News, the Miami Herald, Bloomberg, Arizona Republic, San Antonio Express, Findlaw, Smart Money, USA Today, Houston Chronicle, Morningstar, and American Lawyer on the area of retirement tax planning.
Prior to joining the IRA Financial Group, LLC, Mr. Bergman worked as a tax and ERISA attorney at White & Case LLP, one of the largest and most prestigious law firms in the world. 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 real estate without custodian consent.
The IRA Financial Trust Company, a self-directed IRA 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.