There is a lot of debate over whether or not using a Self Directed IRA to invest in real estate is a good idea. However, they often address two very different questions. Should a Self Directed IRA invest in real estate or should it stay in stocks? For that question, the advantages and disadvantages will focus on the advantages of real estate as a retirement asset. The question is whether you … [Read more...]
The Best Crypto and Bitcoin IRAs: A Comprehensive Breakdown
A cryptocurrency IRA can help reduce the amount of taxes you owe. Cryptocurrency IRAs are not suitable for every investor, but they can be a great way to help you make money in the long term while reducing your tax bill. This guide will explain everything you need to know about cryptocurrency IRAs. We will look at the positive and negative aspects of 4 popular cryptocurrency IRA options. … [Read more...]
The Best Crypto Exchanges for US Traders
Cryptocurrency regulation has changed a lot since Bitcoin was first created in 2009. The first cryptocurrency exchange — the now-defunct launched in 2010 BitcoinMarket.com — launched in 2010, followed by the now-infamous Mt. Gox trading platform. Cryptocurrency trading has evolved from being largely unregulated to being highly regulated. This change is due to KYC and AML requirements that most … [Read more...]
The Ultimate Bitcoin Tax Reporting Guide
Lost when it comes to Bitcoin tax? No matter where you live in the world, your tax office will want to know about your BTC activity. Here’s everything you need to know about Bitcoin taxes. Cryptocurrency's rise and appeal as an alternative payment method More and more people are interested in cryptocurrency these days. It is important to understand the tax implications of cryptocurrency … [Read more...]
The Pros and Cons of a Solo 401(k)
A Solo 401(k) plan is often considered to be the best self-directed retirement plan available. Solo 401(k)s offer high contribution limits and can invest in a variety of assets, while also giving the account holder checkbook control. The Solo 401(k) is the most flexible and controllable investment portfolio available. The Solo 401(k) is a powerful retirement plan option, but it might not be … [Read more...]
Top 10 Highest-Paying Best Crypto Affiliate & Referral Programs
If you want to earn money by recommending companies you already use and love, sign up for our affiliate program! A crypto affiliate program is just what you're after. Here's our round-up of the best crypto affiliate programs. If you're involved with cryptocurrencies in any capacity, whether that's on Reddit, Twitter, YouTube, or even running a blog, you can make some extra money by joining a … [Read more...]
Solo 401(k) Asset & Credit Protection Benefits
Retirement accounts have become many Americans’ most valuable assets. It is important that you have the ability to protect your assets from creditors, such as people who have won lawsuits against you. The strategies for asset/creditor protection that are available to you depend on the type of retirement account you have, your state residency, and whether the assets are yours or have been … [Read more...]
Self-Directed Roth IRA
Aroth IRa that allows you to choose where to invest your money is called a self-directed Roth IRA. The "Self-Directed" part of a Self-Directed Roth IRA refers to the fact that the account holder has control over how the money in the account is invested. The "Roth" part of a Self-Directed Roth IRA refers to the fact that the money in the account has already been taxed and can be withdrawn tax-free. … [Read more...]
Should You Use Your Real Estate IRA to Flip?
Many investors find out about the advantages of investing in real estate through a self-directed IRA and are immediately interested in flipping properties. Flipping houses can be a great way to make money and grow your retirement savings. However, flipping in a self-directed IRA is complex. You shouldn't go to the next foreclosure auction with your Checkbook IRA until you have evaluated the … [Read more...]
Intro to Crypto Estate Planning
Neither death nor taxes are something that crypto traders want to think about. It is crucial to have an estate plan, especially for those who have a lot of digital assets which would be hard for others to get to. It is important to plan ahead to ensure that your digital currency will go to the right people in the event of your death, without causing them undue hardship or excessive taxes. It's … [Read more...]