Category: Bitcoin IRA

The Core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation gauge, came in as expected at 0.2% for the month of June. This aligns with expectations and suggests a continued moderation in price pressures. 

While the Core PCE is less frequently discussed than the Consumer Price Index (CPI), it holds greater significance for policymakers. This is due to its focus on consumer spending patterns and its use of a chain-weighted methodology, which is considered to be a more accurate reflection of price changes. 

Impact on the Economy and Markets 

The steady Core PCE reading reinforces expectations of a potential pause in interest rate hikes by the Federal Reserve. Market sentiment has shifted dramatically since the June CPI report, with the likelihood of a rate cut now at 95.9%, a 5% increase from just weeks ago. While this suggests a growing expectation for monetary easing, inflation remains above the Fed’s 2% target, leaving the central bank’s path uncertain. As a result, investors will closely monitor upcoming economic indicators for clues about the Fed’s next move. 

Breaking Down the Numbers 

• Core PCE: Increased 2.5% from a year ago and 0.1% month-over-month  

• Goods prices: Decreased 0.2% month-over-month. 

• Services prices: Increased 0.2% month-over-month. 

• Housing-related prices: Rose 0.3% month-over-month, a slight slowdown. 

• Personal income: Increased 0.2%, below estimates. 

• Savings rate: Decreased to 3.4%, the lowest since November 2022. 

Impact on the Economy and Markets 

A cooling inflation rate is generally positive news for consumers and businesses. Lower prices can boost consumer spending power, benefiting companies in consumer-oriented sectors. Additionally, it can ease pressure on corporate profit margins. 

Stock market futures rose following the report, indicating investor optimism. Treasury yields declined as expectations for rate cuts increased. 

Looking Ahead 

While the Core PCE reading offers some relief, it’s essential to consider the broader economic landscape. Factors such as geopolitical tensions, supply chain disruptions, and labor market conditions can influence inflation trends. Investors should maintain a balanced perspective and consider diversifying their portfolios to manage potential risks. 

Ready to beat inflation with Crypto and unlock tax advantages?   

Consider investing in Bitcoin through a Crypto IRA. Explore your options and take control of your financial future.  

BitcoinIRA¹ offers a secure and user-friendly platform to invest in Bitcoin for your retirement. If you’re interested in a secure, tax-advantaged way to invest in Bitcoin, consider opening an account with BitcoinIRA.  

Start securing your financial future and diversifying your retirement portfolio with the most trusted Crypto IRA Platform! Here’s how:    

• Open an account here  

• Contact their top-rated customer support team via:    

• • Phone: 866-570-1947   

• • Email: [email protected]     

• • Scheduling a call with a specialist.   

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. 

Fidelity, a renowned financial institution, has ventured into the world of cryptocurrencies, offering investors new avenues to participate in this dynamic market. However, the question remains: Can you truly buy crypto with Fidelity, and if so, what are your options? Let’s begin by examining Fidelity’s current crypto offerings.  

Direct Crypto Purchases at Fidelity 

Unlike many traditional financial institutions, Fidelity provides direct cryptocurrency trading through its Fidelity Crypto platform. Currently, investors can buy and sell Bitcoin, Ethereum, and Litecoin within their existing accounts. While this offers a convenient entry point into the crypto market, the platform’s limitations may restrict some investors. Fidelity Crypto is currently unavailable in 12 states and doesn’t permit cryptocurrency transfers into or out of your account, which could be a deal-breaker for certain traders. 

For those seeking alternative investment strategies at Fidelity, they also offer Crypto ETFs that track the prices of Bitcoin and Ethereum. These ETFs provide indirect exposure to the crypto market within a traditional investment vehicle.  

Investing in Crypto Directly vs. ETFs 

Choosing how to invest in cryptocurrency is a critical decision that can significantly impact your investment outcomes. There are two primary methods:  

• Direct Ownership: By purchasing cryptocurrencies like Bitcoin, Ethereum or Solana directly, you gain complete control over your assets. This approach offers the potential for substantial returns. You also have the flexibility to buy, sell, or hold your cryptocurrencies as desired. 

• Investing Through ETFs: Cryptocurrency ETFs offer a traditional investment approach, pooling funds from investors to create a diversified portfolio of cryptocurrencies. While they provide accessibility, compared to direct ownership, ETFs come with significant trade-offs.  

ETF investors relinquish direct control over their crypto holdings, relying on fund managers to make investment decisions. Additionally, unlike direct crypto ownership, ETFs typically deliver lower potential returns due to factors such as management fees and diversification. Furthermore, ETFs are subject to traditional stock market trading hours, limiting opportunities to capitalize on the 24/7 nature of the cryptocurrency market. This can be a disadvantage for investors seeking to actively trade or respond to market fluctuations in real-time.  

How to Access Bitcoin & Other Cryptocurrencies 

If you want to invest in cryptocurrencies, there are several options: 

• Crypto IRAs: Crypto IRAs offer a unique blend of tax advantages, direct ownership benefits, and the growth potential inherent in cryptocurrencies. By investing directly in a diverse range of digital assets, you can potentially maximize your returns while deferring taxes. Platforms like BitcoinIRA1 stand out by providing access to over 60 different cryptocurrencies, empowering investors to build highly customized portfolios tailored to their financial goals. This level of flexibility, combined with the tax benefits of an IRA, can make Crypto IRAs a compelling investment option for those seeking to harness the growth potential of the cryptocurrency market. 

• Cryptocurrency Exchanges: Cryptocurrency exchanges are online platforms where you can buy, sell, and trade various digital assets. Exchanges like Fidelity Crypto provide a regulated platform but currently limit offerings to Bitcoin, Ethereum, and Litecoin. 

• Crypto ETFs: Cryptocurrency ETFs offer a traditional investment approach, providing exposure to the crypto market without direct ownership. These funds track the price of specific cryptocurrencies. Currently, Bitcoin and Ethereum are the only cryptocurrencies with dedicated ETFs. 

Can I buy Bitcoin in my Fidelity IRA? 

Currently, Fidelity does not offer direct Bitcoin ownership within its IRA accounts. While the platform provides access to Bitcoin and Ethereum through ETFs, direct ownership within retirement accounts is not yet available. This limitation restricts investors seeking to fully harness the potential of cryptocurrencies within their retirement portfolios. 

How to Access Bitcoin & Crypto in Your IRA 

Crypto IRAs offer a unique opportunity to combine the tax advantages of traditional retirement accounts with the growth potential of digital assets. By investing directly in cryptocurrencies, you can take control of your financial future.  

BitcoinIRA is a leading provider of self-directed IRAs dedicated to empowering investors like you. It´s platform offers the freedom to invest in Bitcoin and a wide range of cryptocurrencies within the tax-advantaged framework of an IRA.  

Why Choose BitcoinIRA?   

• Direct Ownership: Unlike Bitcoin ETFs, you directly own the underlying Bitcoin in your IRA.   

• Diversification: Invest beyond Bitcoin with a range of 60+ cryptocurrencies to potentially mitigate risk and align your portfolio with your investment goals.   

• Tax Advantages: Similar to regular IRAs, contributions to your BitcoinIRA may grow tax-deferred, potentially boosting your long-term returns. (Consult a tax advisor for specifics based on your IRA type).   

• User-Friendly Platform: The platform allows you to easily buy, sell, and manage your cryptocurrency holdings.   

• World-Class Custody: Your retirement account is held by Digital Trust®, which is a leader in alternative digital asset custody. Proprietary integrations with Digital Trust® enable proper custody of your assets.    

• Up To $250 Million Custody Insurance² Protection: Digital assets under custody are insured for up to $250 million.   

• 24/7 Self-Trading Platform: Buy and sell digital assets 24/7 in real-time with your IRA. 

Conclusion 

While Fidelity provides direct access to Bitcoin, Ethereum, and Litecoin through Fidelity Crypto, its availability is restricted to certain states, and in-kind cryptocurrency withdrawals are not permitted. For those seeking broader exposure, Fidelity also offers Bitcoin and Ethereum ETFs. 

However, for investors desiring direct ownership of a wider range of cryptocurrencies, including within retirement accounts, Fidelity falls short. Platforms like BitcoinIRA provide a more comprehensive solution, offering direct ownership of various cryptocurrencies within an IRA framework. 

Ultimately, the best way to invest in cryptocurrencies depends on your individual financial goals, and investment horizon. Carefully consider the advantages and limitations of each option before making a decision. 

Are you ready to unlock the full potential of your retirement savings with a Crypto IRA? Explore BitcoinIRA today and discover how to invest in 60+ cryptocurrencies while enjoying significant tax advantages. Here’s how:    

• Open an account here  

• Contact their top-rated customer support team via:    

• • Phone: 866-570-1947   

• • Email: [email protected]     

• • Scheduling a call with a specialist.   

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.  
2. Security, storage, wallet providers, and insurance may vary based on asset chosen and custody solution available.  

If you’re self-employed, you have several retirement savings options available to you. Two of the most popular choices are the Solo 401k and the SEP IRA. While both offer tax advantages, they have distinct contribution differences that can significantly impact your retirement savings strategy. Let’s dive into the details to help you determine which option is best for you. 

Understanding Contribution Limits 

SEP IRA Contribution Limits 

• Who contributes: Only the employer can make contributions. 

• 2024 Contribution Limit: 25% of earned income (capped at $69,000 in 2024) for plan participants. 

• Net self-employment income: If you are self-employed, compensation is based on self-employment income minus deductible plan contributions and 50% of self-employment taxes paid. 

• Catch-up Contributions: Not available 

Solo 401k Contribution Limits 

• Dual contributions: You can contribute as both an employer and employee. 

• 2024 Contribution Limit: $69,000 total ($23,000 employee + $46,000 employer) 

• Employee contributions: Up to the annual elective deferral limit (similar to a traditional 401k). 

• Employer contributions: Up to 25% of your net self-employment income. 

• Catch-up contributions: If you’re age 50 or older, you can make additional catch-up contributions ($7,500 in 2024). 

As you can see, when deciding between a Solo 401K and a SEP IRA, the best choice depends on your individual circumstances, your financial situation and retirement goals. 

Crypto IRAs: A New Frontier for Retirement Savings 

The traditional retirement landscape, dominated by Solo 401ks and SEP IRAs, is facing unprecedented challenges. Inflation, recession, and complex tax regulations are eroding the value of traditional savings. In response, investors are exploring alternative assets. 

Cryptocurrencies, with their potential for substantial returns, have emerged as a compelling option. When held within a Crypto IRA, these digital assets offer the added advantage of significant tax benefits, making them an attractive choice for those seeking to build a robust retirement portfolio. 

Benefits of Including Crypto in Your Retirement Portfolio 

• Diversification: Cryptocurrencies often move independently of traditional assets like stocks and bonds. Adding crypto can diversify your portfolio, reducing overall risk. 

• Potential High Returns: The cryptocurrency market has seen rapid growth, with some digital assets delivering substantial returns. 

• Hedge Against Inflation: Cryptocurrencies can act as a hedge against inflation, as their value is not typically tied to traditional markets  

How to Allocate to Crypto 

• Start Small, Build Gradually: Begin with an allocation of 5-10% of your retirement portfolio. This cautious approach allows you to familiarize yourself with the cryptocurrency market. As your comfort level and understanding grow, consider increasing your allocation to crypto over time. 

• Diversify Your Crypto Holdings: Spreading your investments across various cryptocurrencies can help mitigate risk. By diversifying your portfolio, you reduce your exposure to the volatility of any single digital asset.  

• Embrace a Long-Term Perspective: Focusing on the potential for substantial growth over time can help you stay disciplined during periods of market volatility. 

• Explore Crypto-Focused Retirement Accounts: Consider utilizing specialized retirement accounts designed for cryptocurrency investments. Platforms like BitcoinIRA1 offer options that combine the tax advantages of traditional IRAs with the opportunity to invest in digital assets. 

Why Choose BitcoinIRA?  

• Diversification: Invest beyond Bitcoin with a range of 60+ cryptocurrencies to potentially mitigate risk and align your portfolio with your investment goals.  

• User-Friendly Platform: This platform allows you to easily buy, sell, and manage your cryptocurrency holdings.  

• World-Class Custody: Your retirement account is held by Digital Trust®, which is a leader in alternative digital asset custody. Proprietary integrations with Digital Trust® enable proper custody of your assets.   

• Up To $250 Million Custody Insurance2 Protection: Digital assets under custody are insured for up to $250 million.  

• 24/7 Self-Trading Platform: Buy and sell digital assets 24/7 in real-time with your IRA. Trade anytime, anywhere you want on the website or custom mobile app.   

Conclusion: Choosing the Right Retirement Savings Plan 

Maximizing your retirement savings as a self-employed individual requires careful consideration of various factors. While traditional retirement vehicles like Solo 401ks and SEP IRAs offer tax advantages, they may not fully optimize your savings potential. 

To diversify your retirement portfolio and potentially enhance returns, consider incorporating cryptocurrencies. By investing in a Crypto IRA, you can benefit from tax advantages while gaining exposure to a potentially high-growth asset class. 

Remember, the ideal retirement strategy is personalized. Evaluate your financial situation and long-term goals to determine the optimal combination of Solo 401ks, SEP IRAs, and cryptocurrencies.  

How to Get Started?     

Open a BitcoinIRA account today and start building your crypto-powered retirement! Here’s how:     

• Open an account here     

• Contact their top-rated customer support team via:     

• • Phone: 866-570-1947    

• • Email: [email protected]      

• • Scheduling a call with a specialist.    

Diversify your retirement portfolio with the most trusted Crypto IRA platform.     

Frequently Asked Questions 

Q: Can I convert a SEP IRA to a Solo 401k? 

A: No, you cannot directly convert a SEP IRA to a Solo 401k. However, you can roll over the funds from your SEP IRA to a Solo 401k. 

Q: Can my wife contribute to my Solo 401k? 

A: No, your spouse cannot contribute to your Solo 401k. However, if your spouse is your only employee they can participate in your Solo 401k plan and contribute to their own Solo 401k.  

Q: What happens to a Solo 401k when you retire? 

A: When you retire, you have several options for your Solo 401k, including taking required minimum distributions (RMDs), rolling over the funds to an IRA, or annuitizing the account. 

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.    

1. Insurance may vary based on asset chosen and custody solution available.   

The digital asset revolution is here, and investors are eager to capture potential growth by incorporating cryptocurrencies like Bitcoin, Ethereum, and Solana into their portfolios. However, traditional financial institutions remain hesitant in their approach to integrating cryptocurrency trading into their platforms, and Charles Schwab is no exception. So, can you buy crypto with Charles Schwab? Let’s delve into this topic. 

Direct Crypto Purchases at Charles Schwab 

Currently, Charles Schwab doesn´t allow clients to directly purchase cryptocurrencies such as Bitcoin, Ethereum, or Solana through their brokerage accounts or retirement accounts (IRAs and 401ks). This means that investors looking to buy and directly hold these digital assets will need to look at alternative options.  

While you cannot directly buy cryptocurrencies through Charles Schwab, the firm offers alternative ways to gain exposure to the crypto market. One such method is through cryptocurrency-focused exchange-traded funds (ETFs) designed to track the crypto market.   

Investing in crypto directly vs. ETFs 

Deciding how to invest in crypto is a pivotal choice impacting your potential returns, risk tolerance, and investment strategy. Here’s a breakdown of your core options: 

• Direct Ownership: Direct ownership involves purchasing specific cryptocurrencies like Bitcoin or Ethereum on a cryptocurrency exchange or through a crypto IRA. This approach offers maximum control over your investments and the potential for substantial returns.   

• Investing Through ETFs: Cryptocurrency ETFs provide a more traditional investment approach. These funds pool money from investors to buy a basket of cryptocurrencies.   

While accessible through brokerage accounts like Charles Schwab, ETFs typically deliver lower potential returns than direct crypto investments and provide limited control over specific cryptocurrencies. Additionally, their trading restrictions tied to stock market hours can hinder capitalizing on the 24/7 crypto market. 

By carefully considering these factors and your investment goals, you can determine whether direct ownership or ETFs align best with your crypto financial strategy. 

How to access Bitcoin & other Cryptocurrencies 

If you want to invest in cryptocurrencies there are a few options: 

• Crypto IRAs: Crypto IRAs offer the same tax benefits as regular IRAs, but with the added flexibility to invest directly in the world of cryptocurrency. This could be a great way to boost your retirement savings while enjoying tax advantages. 

• Cryptocurrency Exchanges: Crypto exchanges are essentially digital marketplaces where you can buy, sell, and trade cryptocurrencies. They function similarly to traditional stock exchanges, but instead of stocks, you’re dealing with digital assets like Bitcoin, Ethereum, and countless others. 

• Crypto ETFs: As mentioned earlier, Crypto ETFs offer a traditional investment vehicle for those seeking exposure to the cryptocurrency market without direct ownership.  

How to access Bitcoin & Crypto in your IRA 

Crypto IRAs offer a unique opportunity to combine the tax advantages of traditional retirement accounts with the growth potential of digital assets. By investing directly in cryptocurrencies, you can take control of your financial future. 

BitcoinIRA¹ is a leading provider of self-directed IRAs dedicated to empowering investors like you. It´s platform offers the freedom to invest in Bitcoin and a wide range of cryptocurrencies within the tax-advantaged framework of an IRA. 

Why Choose BitcoinIRA?  

• Direct Ownership: Unlike Bitcoin ETFs, you directly own the underlying Bitcoin in your IRA.  

• Diversification: Invest beyond Bitcoin with a range of 60+ cryptocurrencies to potentially mitigate risk and align your portfolio with your investment goals.  

• Tax Advantages: Similar to regular IRAs, contributions to your BitcoinIRA may grow tax-deferred, potentially boosting your long-term returns. (Consult a tax advisor for specifics based on your IRA type).  

• User-Friendly Platform: The platform allows you to easily buy, sell, and manage your cryptocurrency holdings.  

• World-Class Custody: Your retirement account is held by Digital Trust®, which is a leader in alternative digital asset custody. Proprietary integrations with Digital Trust® enable proper custody of your assets.   

• Up To $250 Million Custody Insurance² Protection: Digital assets under custody are insured for up to $250 million.  

• 24/7 Self-Trading Platform: Buy and sell digital assets 24/7 in real-time with your IRA. 

Conclusion 

While Charles Schwab currently doesn’t provide direct access to buying and holding cryptocurrencies, it does offer exposure through cryptocurrency ETFs. However, for those desiring direct control over their crypto assets, crypto IRAs offer the unique advantage of combining direct cryptocurrency ownership with the tax benefits of traditional retirement accounts by providing a platform to buy, sell, and trade a wide range of digital currencies.  

Ready to future-proof your retirement savings? Open a Crypto IRA with BitcoinIRA today and start investing directly in Bitcoin and 60+ cryptocurrencies for a more diversified and potentially rewarding retirement portfolio. Here’s how:   

• Open an account here 

• Contact their top-rated customer support team via:   

• • Phone: 866-570-1947  

• • Email: [email protected]    

• • Scheduling a call with a specialist.  

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. 
2. Security, storage, wallet providers, and insurance may vary based on asset chosen and custody solution available. 

Thinking about consolidating your retirement savings or switching account types? Understanding how to rollover funds to a Solo 401k or a SEP IRA can be a strategic move for self-employed individuals and small business owners looking to consolidate their retirement accounts, reduce fees, or take advantage of different investment options. This article dives into the process of rolling over funds from a traditional IRA or 401k into a Solo 401k or SEP IRA, explores the key considerations, and outlines the benefits and potential drawbacks involved. 

How to Roll Over a 401k or Traditional IRA into a Solo 401k or SEP IRA 

There are two main methods for transferring funds into a Solo 401k or SEP IRA: 

• Direct Rollover: This is the preferred method as it avoids any tax implications. Your current custodian (bank or financial institution holding your IRA/401k) transfers the funds directly to your new Solo 401k or SEP IRA provider. Initiate the process by contacting your current custodian and requesting a direct rollover form. They will handle the transfer securely to your new account. 

• Indirect Rollover: Involves receiving a check made payable to your Solo 401k or SEP IRA for the rollover amount. You then have 60 days to deposit the check into your new retirement account. Crucially, any funds not deposited within these 60 days are considered a taxable distribution and may incur penalties. Due to this time constraint, indirect rollovers are riskier and less recommended. 

Important Note: Always consult with a financial advisor to ensure a smooth rollover process and to determine if a Solo 401k or SEP IRA best suits your retirement goals. 

Step by Step to Roll Over a 401k or Traditional IRA into a Solo 401k or SEP IRA 

Rolling over your existing 401k or traditional IRA into a Solo 401k or SEP IRA can be a strategic move. Here’s a step-by-step guide on how to do it: 

1. Research and Choose the Right Plan: Start by comparing Solo 401k and SEP IRA options. Look at factors like contribution limits, investment choices, and fees. 
2. Open the New Account: Once you’ve selected the appropriate Solo 401k or SEP IRA, open the account with your chosen provider. 
3. Initiate the Rollover: Contact your current 401k or traditional IRA provider to request a rollover. You will need to complete specific forms and provide information about your new Solo 401k or SEP IRA account. 
4. Rollover Funds: Funds can be transferred directly (trustee-to-trustee) to avoid tax implications or indirectly (you receive the funds and must deposit them into the new account within 60 days). 

Rules and Considerations for Rollovers 

When rolling over your retirement account, it’s crucial to understand the rules and considerations to avoid costly mistakes: 

• 60-Day Rule: If you choose an indirect rollover, you must deposit the funds into your new Solo 401k or SEP IRA within 60 days to avoid taxes and penalties. 

• One-Rollover-Per-Year Rule: The IRS allows only one rollover per year per IRA. This rule does not apply to direct trustee-to-trustee transfers and applies to all rollovers combined, not just those involving Solo 401ks or SEP IRAs. 

• Eligible Funds: Ensure the funds you are rolling over are eligible. Some employer plans have restrictions. 

• Tax Implications: Direct rollovers are generally tax-free, but indirect rollovers can incur taxes if not completed within the 60-day period. Rollovers maintain their tax-advantaged status, meaning they are not taxed as income. However, any non-rollover contributions (like withdrawing cash from your IRA) are subject to taxes and penalties. 

• Plan Provisions: Check the specific provisions of your new plan. Some plans may have restrictions or requirements you need to be aware of. 

• Contribution Deadlines: SEP IRA contributions can be made up to the tax filing deadline (including extensions) for the year the income was earned. The deadline for making Solo 401k contributions is the tax filing deadline for the underlying business (typically March 15 for S corps, multi-member LLCs, and partnerships, and April 15 for C corps, sole proprietorships, and LLCs taxed as sole proprietorships).  

Benefits and Potential Pitfalls of Rollovers 

Benefits: 

Understanding the benefits and potential pitfalls of rolling over your retirement account can help you make an informed decision: 

• Consolidation: Streamline your retirement savings by combining accounts into a Solo 401k or SEP IRA for easier management. 

• Lower Fees: Potentially reduce fees associated with maintaining multiple accounts. 

• Tax Advantages: Both Solo 401ks and SEP IRAs provide tax-deferred growth on contributions, allowing your retirement savings to compound tax-free. 

• Increased Contribution Limits: Solo 401k plans, in particular, offer higher contribution limits compared to traditional IRAs. 

Potential Pitfalls: 

• Loss of Contribution Options: SEP IRAs only allow employer contributions, while Solo 401ks allow both employer and employee contributions. Consider if this flexibility is important for your retirement strategy. 

• Plan Maintenance Fees: Solo 401ks often incur annual maintenance fees, which may not be present with SEP IRAs. 

• Understanding Complex Rules: Solo 401k plans have stricter IRS regulations compared to SEP IRAs. Consult a tax professional to ensure compliance. 

Upgrading Your Retirement Account with Crypto 

The rise of cryptocurrency has opened doors for investors seeking innovative ways to grow their retirement nest egg. While the IRS currently prohibits direct ownership of crypto within regular Solo 401(k)s or SEP IRAs, specialized platforms like BitcoinIRA1 have emerged to bridge the gap. These Crypto IRAs enable you to invest in a diverse range of cryptocurrencies while enjoying the tax benefits of a retirement account, similar to tax-deferred growth offered by traditional options. As the popularity of crypto soars, a growing number of investors are strategically incorporating these digital assets into their long-term retirement plans.  

Here’s how you can upgrade your retirement account with crypto: 

1. Choose a Crypto-Friendly Provider: Select a provider that allows for cryptocurrency investments within a retirement account such as BitcoinIRA¹. 
2. Open and Fund Your Account: Rollover, transfer or contribute funds into your new Crypto IRA. 
3. Select Your Cryptocurrencies: Decide which cryptocurrencies you want to invest in based on your risk tolerance and investment goals. BitcoinIRA offers 60+ crypto assets. 
4. Monitor and Rebalance: Regularly review your portfolio and rebalance as necessary to align with your retirement goals. 

Advantages of Investing in Crypto through a Crypto IRA 

A Crypto IRA lets you invest in cryptocurrencies like Bitcoin within a tax-sheltered retirement account. By strategically allocating a portion of your retirement savings to crypto via a Crypto IRA, you can unlock the following advantages: 

• Tax Advantages: Enjoy the tax-deferred growth depending on whether you choose a Traditional or Roth Crypto IRA. Contributions to a traditional IRA may be tax deductible, which lowers your current income now, and withdrawals from a Roth IRA may be tax-free when taken in retirement.   

• Diversification: Add a new asset class to your retirement portfolio, potentially reducing overall risk. 

• Security: If you choose a provider like BitcoinIRA that offers robust security measures your digital assets will be protected. 

• Liquidity: Cryptocurrencies can be highly liquid, allowing for easy buying and selling within your IRA. 

Ready to take your retirement savings to the next level? Bitcoin IRA, the leading provider in Crypto IRAs, offers a secure platform to invest in 60+ cryptocurrencies within a tax-advantaged retirement account.  

Open a Crypto IRA with BitcoinIRA today and start investing in the future of finance. With BitcoinIRA, you can diversify your portfolio with digital assets, enjoy potential tax advantages, and secure your retirement with the power of cryptocurrency. Here’s how:   

• Open an account here 

• Contact their top-rated customer support team via:   

• • Phone: 866-570-1947  

• • Email: [email protected]    

• • Scheduling a call with a specialist.  

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. 

Frequently asked Questions

Q: Can you rollover a solo 401k into a SEP IRA? 

A: Yes, you can rollover funds from a Solo 401k into a SEP IRA. The IRS allows rollovers between these retirement plans, with certain rules to follow. 

Q: Is a SEP to IRA a rollover or transfer? 

A: A SEP to traditional IRA rollover follows the same process as a rollover from any other qualified retirement plan to an IRA. It’s considered a rollover because the funds are moving between two different account types. 

As a self-employed individual, you wear many hats. But one of the most important is securing your financial future. Solo 401ks and SEP IRAs are two popular retirement savings options designed specifically for self-employed individuals. Let’s break down the key differences and tax benefits of each to help you decide. Plus, we’ll explore how Crypto IRAs can help you integrate exciting cryptocurrency opportunities into your long-term savings strategy. 

Solo 401k vs SEP IRA: Key Differences 

Solo 401k 

A Solo 401k, also known as an individual 401k, is designed for self-employed individuals or small business owners. Here are some of its key features: 

• 2024 Contribution Limits: Here’s where Solo 401ks shine, the total contribution limit is $69,000, or $76,500 if you’re 50 or older. This includes both employee deferrals and employer contributions of up to 25% of your net earnings. 

• Flexibility: Allows for both pre-tax and Roth (after-tax) contributions, allowing you to optimize your tax strategy. 

• Loan Option: You may be able to borrow up to $50,000 or 50% of your account balance, whichever is less. 

• Catch-Up Contributions: For individuals 50 and older, an additional $7,500 can be contributed. 

• Simplicity: Solo 401ks involve additional administrative tasks and may require professional help. 

• Eligibility: Solo 401ks are limited to self-employed individuals that do not have any employees other than a spouse.   

SEP IRA 

A Simplified Employee Pension Plan (SEP) IRA is designed for self-employed individuals and small business owners, including those with employees. 

• 2024 Contribution Limits: For 2024, contributions are limited to 25% of compensation, up to a maximum of $69,000. 

• Employer Contributions Only: Contributions are made solely by the employer as pre-tax. 

• No Catch-Up Contributions: There are no additional catch-up contributions for those 50 and older. 

• Simplicity: Easier to set up and maintain compared to a Solo 401k. They function similarly to traditional IRAs 

• Eligibility: SEP IRAs can be used by any size business. However, you must contribute equally to all eligible employees.   

Tax Benefits of Solo 401k and SEP IRA 

Both the Solo 401k and SEP IRA offer significant tax benefits, which can help reduce your taxable income and maximize your retirement savings: 

• Tax-Deferred Growth: Investments grow tax-deferred until withdrawals are made in retirement, allowing your investments to compound more effectively. 

• Tax Deductions: Contributions to both plans may be tax-deductible, reducing your taxable income for the year in which they are made.  

Upgrading Your Retirement Account with Crypto 

The world of cryptocurrency offers exciting investment opportunities. But how can you integrate crypto into your retirement plan? Here’s where Crypto IRAs come in. These specialized accounts allow you to invest in various cryptocurrencies. Here’s how you can upgrade your retirement account with crypto: 

• Choose a Reliable Platform: Select a reputable platform like BitcoinIRA1 that offers secure and compliant crypto investment options for retirement accounts. 

• Open a Crypto IRA: This process typically involves setting up an account, rolling over existing retirement funds, and selecting your crypto investments. 

• Fund Your Account: Transfer or rollover funds from your existing retirement account (such as a Solo 401k or SEP IRA) or contribute new funds into your Crypto IRA.  

• Choose Your Cryptos: Decide which cryptocurrencies to invest in. Popular options include Bitcoin, Ethereum, and other altcoins. 

• Monitor and Adjust: Regularly monitor your investments and adjust as needed to optimize your portfolio. 

Here’s how Crypto IRAs can elevate your retirement savings strategy: 

• Diversification: Crypto IRAs provide a way to diversify your retirement portfolio beyond traditional stocks and bonds. 

• Potential for Growth: The crypto market has a history of significant growth potential. 

• Tax Advantages: Similar to Solo 401ks and SEP IRAs, contributions to a Crypto IRA can be tax-deductible, and your crypto holdings grow tax deferred. 

 Conclusion 

Solo 401ks and SEP IRAs provide powerful tools for self-employed individuals to build a secure retirement. When deciding which retirement plan is right for you, consider your contribution goals, desired flexibility, and comfort level with administrative tasks when making your choice. Additionally, Crypto IRAs offer a unique way to incorporate cryptocurrencies into your long-term savings strategy.  

Ready to unlock the potential of crypto in your retirement plan? Open a Crypto IRA with BitcoinIRA today!  Their secure and user-friendly platform makes it easy to add cryptocurrencies to your portfolio and leverage the benefits of diversification and explosive growth potential.  

Start building your crypto-powered future with BitcoinIRA now! Here’s how:   

• Open an account here 

• Contact their top-rated customer support team via:   

• • Phone: 866-570-1947  

• • Email: [email protected]    

• • Scheduling a call with a specialist.  

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.

Fueled by a surge of over $ 1,286 million in inflows to major US spot-based Bitcoin ETFs during a period of Bitcoin price volatility, July 2024 has been a fascinating month for the cryptocurrency market. This institutional buying spree coincides with continued growth in the DeFi (decentralized finance) sector, raising questions about whether it’s a sign of FOMO (fear of missing out) or a strategic play on potentially undervalued Bitcoin. By unpacking these recent developments and their potential impact on the broader crypto ecosystem, we can glean valuable insights for investors and market participants navigating this dynamic landscape. 

Surge in Bitcoin ETF Inflows 

Source: Farside.co.uk

The Bitcoin ETF flows in the first two weeks of July indicate a significant trend: a substantial influx of capital into major US spot Bitcoin ETFs. From July 1 to July 12, this buying spree amounted to over $1,200 million (net inflows). Despite July not being the peak month for inflows, the noteworthy aspect of this trend is the consistent positive net flows over the weeks. This surge in investment occurred while Bitcoin was trading below $60,000, suggesting that institutional investors view this as a prime buying opportunity. 

Investor appetite for Bitcoin continues to surge, fueled by a significant $294.8 million inflow on July 8th. This momentum only intensified on July 12th, with various Bitcoin ETFs recording a record-breaking $310.1 million inflow – their best day since June 5th. This trend is also coinciding with the German government liquidating their seized Bitcoin holdings. Germany’s sale of seized Bitcoins is slowly resupplying the market, and the anticipated Mt. Gox repayments could further influence supply and demand dynamics. This movement signals significant investor interest and potential market impact. This daily total reflects a strong interest in gaining exposure to Bitcoin. 

Grayscale Falters as BlackRock’s iShares Bitcoin Trust Steals the Show 

While overall inflows are positive, there are differences in performance among various Bitcoin ETFs. Grayscale’s Bitcoin Trust (GBTC) has continued to experience outflows, losing $37.5 million on July 9th alone. This stands in stark contrast to BlackRock’s iShares Bitcoin Trust (IBIT), which has consistently seen inflows and currently boasts leading the inflows of July 8th contributing around 63% of the total of inflows of the day.  

On July 12th, BlackRock and Fidelity cemented their dominance. Their respective iShares and Wise Origin Bitcoin Funds raked in a combined $235.1 million, according to Farside Investors. Bitwise followed at a distant third with $28.4 million, while even Grayscale managed a rare positive inflow day of $23 million. The VanEck and Invesco offerings also saw inflows of $6 million and $4 million, respectively. Notably, several other Bitcoin ETFs failed to register inflows that day. 

This trend suggests that investors may be favoring newer ETFs with potentially lower fees. The current market dynamic appears favorable for bullish investors, with institutions eager to buy BTC while prices are around $60,000.  

You also might be interested in: Best Bitcoin ETF: Comparing Fees & Features 

Impact on DeFi Markets 

The surging popularity of Bitcoin ETFs coincides with the ongoing explosion in Decentralized Finance (DeFi). The total value locked (TVL) in DeFi skyrocketed to a staggering $94.9 billion in 2024, a remarkable 75.1% increase. This expansion might be fueled by the access to Bitcoin provided by ETFs. DeFi protocols heavily rely on Bitcoin for collateral and other crucial functions. The intricate relationship between Bitcoin ETFs and DeFi is further underscored by the industry’s reported 75.1% surge in TVL. This growth spans various DeFi sectors, including stablecoins and on-chain derivatives, potentially influenced by the increased accessibility of Bitcoin through ETFs. 

The interplay between Bitcoin ETF inflows and DeFi market trends is becoming increasingly clear. Traditional finance mechanisms that simplify Bitcoin access have far-reaching consequences for the entire crypto ecosystem, particularly DeFi protocols. This dynamic relationship is expected to have a ripple effect, potentially stimulating further growth and activity within both DeFi and the broader cryptocurrency market. 

A Look Ahead 

The increasing popularity of Bitcoin ETFs suggests growing mainstream interest in cryptocurrency. This trend has the potential to bring more liquidity and stability to the crypto market. However, it’s important to remember the inherent volatility of Bitcoin and the evolving regulatory landscape. 

Overall, the interplay between Bitcoin ETF flows and DeFi market trends is a fascinating development. As this space matures, we can expect to see this relationship continue to evolve and shape the future of the cryptocurrency ecosystem. 

Conclusion 

July 2024 has been a pivotal month for Bitcoin, with surging institutional investment and a strengthening DeFi ecosystem. The consistent inflows into Bitcoin ETFs, particularly those with lower fees, suggest a strategic play by investors who see Bitcoin as undervalued. The potential for further market activity fueled by DeFi and traditional finance convergence is undeniable. 

Ready to take advantage of this exciting opportunity?  

Consider investing in Bitcoin through a Crypto IRA. Crypto IRAs allow you to hold Bitcoin and other cryptocurrencies within a tax-advantaged retirement account. This means you can potentially benefit from long-term growth while minimizing your tax burden. 

BitcoinIRA¹ offers a secure and user-friendly platform to invest in Bitcoin for your retirement.  

Start securing your financial future and diversifying your retirement portfolio with the most trusted Crypto IRA Platform! Here’s how:   

• Open an account here 

• Contact their top-rated customer support team via:   

• • Phone: 866-570-1947  

• • Email: [email protected]    

• • Scheduling a call with a specialist.  

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.

When planning for retirement, choosing the right investment vehicle is crucial. Two popular options for self-employed individuals and small business owners are the Solo 401k and SEP IRA.  

This article breaks down the key differences between Solo 401ks and SEP IRAs, helping you pick the champion for your self-employed journey. We’ll also explore the exciting world of crypto investing within these retirement accounts, including the potential benefits of allocating a portion towards Bitcoin. 

Solo 401k vs SEP IRA 

Both Solo 401ks and SEP IRAs offer the possibility of tax-deductible contributions, but they cater to slightly different scenarios: 

• Solo 401k: Ideal for sole proprietors with no full-time employees (other than a spouse). It allows for both employer (your business) and employee (you) contributions, maximizing your retirement savings potential. 

• SEP IRA: A simpler option suitable for self-employed individuals with or without full-time employees. Contributions are made as an employer, and the same contribution percentage must be applied to all eligible employees (including yourself). 

Key Differences to Consider

• Contribution Limits: Both plans share the same contribution limit for 2024 of $69,000 (Solo 401ks have an additional $6,500 catch-up contribution for those age 50 or older).  However, Solo 401ks allow a unique feature: splitting contributions between employer and employee portions. This can significantly boost your contributions, especially if your business shows a profit. 

• Flexibility: Solo 401ks offer more flexibility. You can choose between traditional pre-tax contributions (taxed in retirement) and Roth post-tax contributions (possible tax-free withdrawals in retirement). You can also take advantage of loan options unavailable with SEP IRAs. 

• Setup and Maintenance: SEP IRAs are generally easier and cheaper to set up. Solo 401ks involve additional administrative tasks due to their more complex structure. 

Solo 401k vs SEP IRA comparison chart 

In a significant development, the U.S. inflation report showed a marked decline in June, according to the latest data from The Consumer Price Index (CPI), a primary gauge of inflation.  

The June CPI report decreased by 0.1% in June from the previous month and increased by only 3.0% over the past year. This marks a slowdown from May’s flat month-over-month change and 3.3% annual gain, exceeding economist expectations of a 0.1% monthly increase and a 3.1% annual rise.  

Notably, this is the third consecutive month that CPI has come in cooler than expected. However, July also marks the 39th consecutive month that inflation has remained at or above 3%. 

Good News on Inflation, But More Work Needed 

The June CPI report brings welcome news: inflation is finally declining! This is a significant improvement after years of above-average inflation. However, the fight isn’t over. The Federal Reserve’s target inflation rate is 2%, and we’re still above that level. 

The recent cooling trend could lead the Fed to hold rates steady in July, as expected by most analysts. But with inflation still exceeding their target, there’s a strong possibility of a rate cut by September (nearly 90% chance according to some estimates). Lower inflation eases pressure on the Fed to raise rates, potentially boosting the stock market. A September rate cut could further stimulate the economy by making borrowing and spending more attractive, leading to increased economic activity and potentially higher stock prices. 

Fight Inflation’s Bite: Strategies for Your Wallet 

While we can’t control inflation itself, there are ways to shield your wallet from its effects.  Diversification is key. Consider allocating a portion of your portfolio to assets that tend to hold their value, or even increase, during inflationary periods. 

One such option is Bitcoin. Bitcoin’s limited supply, capped at 21 million coins, makes it less susceptible to inflation compared to traditional currencies that governments can print at will. This scarcity, along with its decentralized nature (free from central bank manipulation), positions Bitcoin as a potential hedge against inflation, similar to how gold has functioned historically. Over the years, Bitcoin has gained recognition as a store of value, akin to gold. Investors seek assets like these to preserve value, especially during inflationary periods. As inflation erodes the purchasing power of traditional currencies, Bitcoin’s potential to retain or even grow in value becomes more appealing. 

Conclusion: A Cautious Look Ahead 

The June CPI report offers a glimmer of hope. Inflation is finally showing signs of cooling, exceeding analyst expectations for three consecutive months. This is a positive development, but the fight against inflation isn’t over. With inflation still above the Fed’s target of 2%, the Federal Reserve may hold rates steady in July, but a rate cut in September remains a strong possibility. 

For consumers, there are steps you can take to navigate this economic environment. Diversification is key, and assets like Bitcoin, with its limited supply and store-of-value potential, could help hedge against inflation. 

Ready to beat inflation with Crypto and unlock tax advantages?  

Consider investing in Bitcoin through a Crypto IRA. Explore your options and take control of your financial future. 

BitcoinIRA¹ offers a secure and user-friendly platform to invest in Bitcoin for your retirement. If you’re interested in a secure, tax-advantaged way to invest in Bitcoin, consider opening an account with BitcoinIRA. 

Start securing your financial future and diversifying your retirement portfolio with the most trusted Crypto IRA Platform! Here’s how:   

• Open an account here 

• Contact their top-rated customer support team via:   

• • Phone: 866-570-1947  

• • Email: [email protected]    

• • Scheduling a call with a specialist.  

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.

The latest jobs report from the Bureau of Labor Statistics (BLS) revealed a slowdown in hiring, with the unemployment rate edging up to 4.1% for the first time since late 2021. While this might seem concerning, there’s a bigger picture to consider, especially for those invested in cryptocurrency. 

Why is this news important? 

The unemployment rate is a key indicator of economic health. A strong labor market, with low unemployment, typically translates to higher consumer spending, which is the engine of economic growth. This, in turn, can boost corporate profits and stock prices. 

How does this impact crypto? 

The Federal Reserve closely monitors the labor market to guide its monetary policy. With inflation still a concern, a robust labor market could lead the Fed to maintain high-interest rates for longer.  

The slowdown in hiring, coupled with easing inflation, may raise hopes for a potential Fed pivot towards lowering interest rates in the future.  

Historically, strong economies have fueled investor appetite for riskier assets like cryptocurrency. However, Bitcoin’s potential lies not only in bull markets, but also in its ability to act as a hedge against inflation during economic downturns. This unique characteristic makes it a compelling diversification tool for investors seeking to navigate both economic prosperity and hardship. 

What does this mean for you? 

The June jobs report paints a complex picture. While the slowdown suggests a cooling economy, it could also pave the way for a future shift in Fed policy that benefits crypto. 

Why Bitcoin Can Be a Hedge Against Inflation 

Limited Supply: Unlike fiat currencies, Bitcoin has a capped supply of 21 million coins. This built-in scarcity protects against inflation, a key advantage over traditional currencies whose supply can be endlessly expanded by central banks. As inflation erodes the purchasing power of traditional currencies, Bitcoin’s limited supply could theoretically make it more valuable over time. 

• Store of Value: Bitcoin’s track record suggests it can function as a store of value. Unlike traditional assets that can depreciate due to inflation, Bitcoin’s limited supply and growing adoption could make it a hedge against inflation in the long run. 

• Decentralized Network: Bitcoin operates on a decentralized network, free from government control. This independence can be appealing during periods of high inflation, where investors might lose trust in traditional financial institutions. 

Bitcoin Dips: Correction or Opportunity? 

Bitcoin’s price recently dipped to a two-month low around $56,200. While this might seem like cause for alarm, it’s important to understand the potential factors at play and why this could be a buying opportunity for long-term investors. 

Two Main Drivers of the Dip 

• Fed Interest Rates: As mentioned before, the recent Federal Reserve meeting minutes signaled a cautious approach to lowering interest rates. This is a normal market reaction and doesn’t necessarily negate Bitcoin’s long-term potential. 

• Bitcoin ETF Inflows: The initial surge of inflows into the first US Bitcoin ETFs has slowed down. While this may contribute to the price dip in the immediate term, it doesn’t reflect a fundamental change in Bitcoin’s value proposition. 

Historical Trends  

Here’s why some analysts remain optimistic about Bitcoin’s future: 

• Historical Performance: Historically, Bitcoin price appreciation has followed a pattern of corrections after halving events, which reduce the supply of new bitcoins. The last halving occurred just two months ago. According to Thomas Perfumo, head of strategy at cryptocurrency exchange Kraken, historically, market cycles peak 12 to 18 months after a Bitcoin (as reported by CNBC).  

• Lower Prices as Entry Points: The current price point represents a significant discount compared to Bitcoin’s highs earlier this year. For long-term investors, this could be an attractive opportunity to accumulate Bitcoin at a lower cost and a strategic entry opportunity.  

Seize the Moment: Invest in Bitcoin with Tax Advantages through BitcoinIRA¹

Given the current economic landscape and Bitcoin’s historical performance, now may be an opportune time to invest in Bitcoin. The recent price dip presents a unique entry point for long-term investors, allowing you to purchase Bitcoin at a discounted rate compared to its previous highs. Moreover, investing in Bitcoin through a BitcoinIRA can offer significant tax advantages, enhancing the potential for future gains.  

BitcoinIRA allows you to use your retirement savings to invest in Bitcoin, providing both the growth potential of cryptocurrency and the tax benefits of a retirement account. Don’t miss out on this chance to bolster your portfolio with Bitcoin—explore the possibilities with BitcoinIRA today. 

Ready to Invest in Bitcoin with Tax Advantages? 

BitcoinIRA offers a secure and user-friendly platform to invest in Bitcoin for your retirement. If you’re interested in a secure², tax-advantaged way to invest in Bitcoin, consider opening an account with BitcoinIRA. 

Start securing your financial future and diversifying your retirement portfolio with the most trusted Crypto IRA Platform! Here’s how:   

• Open an account here 

• Contact their top-rated customer support team via:   

• • Phone: 866-570-1947  

• • Email: [email protected]    

• • Scheduling a call with a specialist.  

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.
2. Security may vary based on asset chosen and custody solution available.