With a practice focused on cryptocurrency and estate planning, I’m often called upon to help my clients with their IRAs, Roth IRAs, 401(k)s, and other retirement accounts.
As I’ll explain in this post, most “Bitcoin IRAs” aren’t cutting it. There is a better option for holding Bitcoin in an IRA.
As I write this, yields in many traditional retirement investments are at all time lows. This has sent investors scrambling to find creative ways to invest.
Bitcoin, being limited in supply, has appreciated in value against fiat currencies. Although nothing is guaranteed, many believe these trends will continue, especially with governmental and economic uncertainty throughout the world. You may therefore wish to move some retirement funds into Bitcoin or another cryptocurrency. For a variety of legal reasons, however, this can be tricky.