Self-Directed Crypto IRA to Diversify Retirement Portfolio: 2024 Guide Launched
The new guide analyzes cryptocurrency and Bitcoin IRAs (Individual Retirement Accounts), with detailed explanations of tax planning aspects, benefits and drawbacks, as well as brokers and crypto wallets.
To find more information, please visit: https://cosmosups.com/top-crypto-and-bitcoin-ira-complete-analysis-of-the-best-exchanges-and-brokers/
With Coin Telegraph reporting that half of all Gen Z and millennials wanted cryptocurrencies in their retirement portfolio in 2022, it's clear that there's demand for accessible information regarding these types of accounts. The latest retirement planning guide from CosmosUPS provides beginners with comprehensive advice, equipping them with the facts they need to make informed choices.
The guide explains that a crypto IRA is much like a traditional IRA but offers the choice to invest in cryptocurrencies on top of stocks. The biggest difference that can benefit retirement savers is that crypto IRAs don't require income tax on profits until withdrawal, says CosmosUPS. While there's no such thing as a risk-free investment, adding cryptocurrency to one's portfolio can make it more resilient to inflation and turbulence on the market.
Readers can also find instructions on how to get started with investing in cryptocurrencies, suggesting different options. CosmosUPS has listed accounts like 401(k), 403(b), SIMPLE IRA, and traditional IRA as some of the possible accounts for buying crypto. However, it's likely not possible to do this with a Roth IRA, and there are other drawbacks, like relatively expensive charges.
CosmosUPS's guide also contains a comparison of the different platforms and brokers, covering details like diversity, security, and fees. For example, readers will learn that CosmosUPS has rated a blockchain-based wallet as the most beginner-friendly, as well as which provider offers the most flexibility. This gives those new to self-directed IRAs a good base for understanding what suits their needs and goals best.
About
CosmosUPS is an online resource for people interested in digital assets and technological advancements. The website posts the latest industry updates and news as well as reviews and guides.
"A cryptocurrency IRA lets you diversify your portfolio and avoid paying capital gains taxes," said a spokesperson for the company. "We've reviewedsome alternatives if you consider moving into a crypto investment."
Those interested can learn more at: https://cosmosups.com/top-crypto-and-bitcoin-ira-complete-analysis-of-the-best-exchanges-and-brokers/
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COMTEX_445389262/2824/2023-12-23T11:02:14
