Roth IRAs: The ideal long-term cryptocurrency investment?
Considering investing in cryptocurrencies for the long run? Roth IRAs and other tax advantages investment vehicles are worth considering. As the cryptocurrency market matures, more governments throughout the world introduce legislation to tax proceeds from crypto-related activities, with traders often triggering taxable events that can lead to future complications.Avoiding paying taxes is illegal, but there are legal ways to dodge triggering taxable events while hodling onto one’s cryptocurrency holdings: Roth IRAs. These are individual retirement accounts (IRAs) with a special type of....
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With Bitcoin declared as a type of asset, it is legally possible to invest in Bitcoin as part of the IRA. In the present day situation, a retirement fund is essential to ensure that one continues to enjoy a quality life when they grow old. In order to ensure that a person continues to receive some kind of income in their post-retirement days, Governments have made allowances for various investment schemes. Individual Retirement Account (IRA) and 401(k) are two such forms of investment. There are multiple types of IRA. the prominent ones are Traditional IRA and Roth IRA. In traditional IRA,....
Bitcoin IRA is the first and only Bitcoin-based Individual Retirement Account in the United States. The digital currency company allows people to invest their conventional IRAs and 401(k)s in Bitcoin. Investing in Bitcoin as part of your retirement plan has been unheard of until now. A majority of the Bitcoin community has been using the digital currency mainly as a trade instrument. Other uses of Bitcoin so far have been as a medium of value transfer and short-term investments. Breaking the trend, Bitcoin IRA is now showing the community that long-term, profitable Bitcoin investments are....
Looks like they completely reversed their decision. Bitcoin continues to gain legitimacy as prominent financial services corporation Fidelity partners with SecondMarket's Bitcoin Investment Trust to allow its clients to put Bitcoins in IRAs. The Bitcoin Investment Trust launched a few weeks ago in late September, and invests exclusively in Bitcoin. Individual Retirement Accounts (IRAs) provide tax advantages for retirement savings. Barry Silbert, CEO of SecondMarket, says, "If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust through an IRA." This is simply....
How IRAs can solve Bitcoin’s capital gains tax problem, enable a Bitcoin standard and push the Bitcoin circular economy forward.
Point-of-Sale company Revel Systems has raised $13.5M in funding from ROTH Capital Partners. Revel Systems is best known for their iPad Point-of-Sale platform. Revel’s platform allows merchants the ability to complete sales with less investment in infrastructure. Instead of purchasing a very expensive cash register and other equipment, users are able to pay easily and more important for businesses,Revel’s platform is very scalable and packed full of features that normal cash registers and other POS systems don’t have. Revel allows users multiple ways to pay for the goods or services that....