With the current government shutdown, economic market conditions, and fear of inflation, many individuals are searching for answers when it comes to protecting their retirement savings.
This is a question that few people have the answer too.
Why? Because financial experts and wealthy individuals are keeping these answers to themselves in fear of an increase in demand and shortage in supply. They understand the value of these assets in times of turmoil and collapse.
Luckily, we have discovered their secret: Bitcoin! Before it was literally impossible for regular individuals to capitalize on obtaining bitcoin with tax advantages, but luckily with the invention of the Bitcoin IRA, it has became a reality.
Protect Your Retirement with a Bitcoin Backed IRA
The fact of the matter is, if you currently have an IRA or 401(k) that is purely locked into one asset class, most likely mutual funds, you are in dire risk of losing all of your hard earned savings from things like currency devaluation, inflation, or even the government taking your money in an effort to pay down the rising $19 trillion debt deficit.
Luckily, you have the ability to change the outcome by doing a simple IRA rollover to add diversification to your retirement account by adding the popular digital currency, bitcoin. We explain how to do this below in 3 simple steps.
What is a Bitcoin IRA?
A Bitcoin IRA or Digital Currency IRA works in the same capacity as your current IRA or 401(k), only these accounts allow you to hold bitcoin for diversification. This is important because your entire retirement will not be based off of just one asset class. It allows you to hold bitcoin that are approved by the IRS.
Bitcoins are normally stored in a hardware or software wallet and sometimes in a digital vault for your safety. You will also have the flexibility to decide how much of your retirement is invested in bitcoin and can continue to add more overtime. This vehicle allows regular people to participate in one of the investments available to the big boys in venture capital.
What is a Self-Directed IRA?
The way that a Bitcoin IRA account is established is through an account called a self-directed IRA. This type of account gives the IRA account owner more control over the investment decisions on behalf of the retirement plan. Investments such as real estate, precious metals, bonds, stocks, mutual funds and of course bitcoin can be held under this type of account. IRS regulations require that either a qualified trustee, or custodian, hold the IRA assets on behalf of the IRA owner.
A “Tax-Free/Hassle-Free” Bitcoin IRA Rollover
Our chosen IRA custodian that we recommend in the IRA rollover process is Kingdom Trust. This company continues to exceed the expectations of it’s customers time and time again.
Even if you have a 401(k), 403b, 457b, annuity, or pension plan, you still qualify for a tax-free Bitcoin IRA rollover, which is a tremendous value since you won’t be losing any of your savings to taxes. All it takes is speaking with a Bitcoin IRA specialist, calling the 800 number on the website, or simply filling out the form on top with your name, email, and best phone number and you will be contacted within 24 to 48hrs to answer any question that you might have about the process.
Which accounts are Eligible for Rollover into a Bitcoin IRA?
The accounts below are all eligible for a Bitcoin IRA rollover:
- Roth IRA
- Traditional IRA
- TSP (Thrift Savings Plans)
- Some annuities
- Pension plans
7 Reasons to Invest in Bitcoin
- Portfolio Diversification
- Inflation Hedge
- Currency Hedge
- Geopolitical Uncertainty
- Increasing Demand
- Tangible Assets
Just What is Bitcoin’s Projected ROI?
Let’s say you had invested $200 in a Bitcoin IRA in 2011. Flash-forward five years, and your account value would now be worth over $1,000,000. Now that’s something to write home about.
How long should I keep Bitcoin in my IRA?
Each situation is unique and should seek expert financial advice to determine how long you should hold bitcoin. Usually, many investors see bitcoin is seen as a long-term investment, but it is important to understand that every investment comes with associated risks. Market and economic conditions can also influence the decision of how long bitcoin should be kept.
Where is the Bitcoin in my IRA Stored?
Your bitcoin will be held in a BitGo Wallet. BitGo has developed the most advanced multi-signature wallet that is setting the standard for the industry.
How do I liquidate a Bitcoin IRA account?
The great part of a Bitcoin IRA account is the fact when you start taking distributions out of your plan you can either take physical possession of your bitcoin or liquidate them for cash. This is a tremendous value and great option to have when you plan on making withdrawals from your account.