How to Buy Crypto in a ROTH IRA - Step by Step Guide

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Mark J Kohler

Mark J Kohler

Күн бұрын

Пікірлер: 480
@dfusco
@dfusco 3 жыл бұрын
watch at 1.5 speed
@justinwypij1400
@justinwypij1400 3 жыл бұрын
Thanks
@walkdontrun6578
@walkdontrun6578 3 жыл бұрын
Try 2x!!!!!!!!!!!!!!!!!!!!!!!!
@Maxedaddy
@Maxedaddy 3 жыл бұрын
Holy moly! This guy is a financial beast trying to make us all make money! Gaaaaawd dang! I am so grateful for the KZbin algorithm gods for this suggestion!
@aruytpadyugf
@aruytpadyugf 3 жыл бұрын
I can’t believe this knowledge is free. Wow the times we live in. Thank you much for this information!!!!
@MrMobi007
@MrMobi007 2 жыл бұрын
yeah this channel is absolute pure gold
@sandramarcus5901
@sandramarcus5901 3 жыл бұрын
Successful people don't become that way overnight, most people see at a glance-wealth, a great career purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.
@woodyyap3036
@woodyyap3036 3 жыл бұрын
Hello, I'm new to Bitcoin trade and I've been making huge Losses but recently I see a lot people earning from it. please can someone tell me what I'm doing wrong
@sabastinerowland206
@sabastinerowland206 3 жыл бұрын
All you need is a professional trader else you will continue making losses
@nicholaskalf3976
@nicholaskalf3976 3 жыл бұрын
That's true! As a beginner who doesn't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional broker
@woodyyap3036
@woodyyap3036 3 жыл бұрын
How can someone know a professional account manager that is trustworthy when legit ones are hard to find these days
@mariawaldrep8762
@mariawaldrep8762 3 жыл бұрын
I highly recommend Jessica Robert, she is my current trader and her strategies are working
@bethwalcut9381
@bethwalcut9381 3 жыл бұрын
I appreciate this video This is exactly what I need as motivation 🥰
@millerbarry93gmailcom20
@millerbarry93gmailcom20 3 жыл бұрын
@Stevens Kaholoaa Same here I'm from Philippines, I wish I knew about this bitcoin trading earlier I suggest everyone should brace up and get bitcoin before it's too late
@piusmarkus4712
@piusmarkus4712 3 жыл бұрын
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trades with a company
@piusmarkus4712
@piusmarkus4712 3 жыл бұрын
Learning and trading under a guide I do same and I hardly make losses in the market
@diniacruz7175
@diniacruz7175 3 жыл бұрын
@@piusmarkus4712 I'm new to bitcoin trading, how do I get started with a professional expert?
@diniacruz7175
@diniacruz7175 3 жыл бұрын
@@piusmarkus4712 please any specific guide?
@kobelebron-q8r
@kobelebron-q8r Ай бұрын
Thank you for sharing. Very good information.
@tessydickson9836
@tessydickson9836 3 жыл бұрын
It is estimated that over 60,000 to 400,000 people have made a massive one million dollars in bitcoin pending on the type of broker involved for every investment to yield earning a professional broker should be involved. Mrs katie wallace is a professional broker who manages,handles and gives guidance on investments to get good profit.
@kevingeorge9787
@kevingeorge9787 3 жыл бұрын
How can i reach your broker, am little bit confused about bitcoin, i want to start investing.
@josephdavidson1208
@josephdavidson1208 3 жыл бұрын
As a bitcoin trader, it's almost inevitable that you're going to experience some ups and downs along the way. Alertness and decisiveness are both fundamental ingredient in the recipe for a successful bitcoin trader.
@tessydickson9836
@tessydickson9836 3 жыл бұрын
write her on telegram
@tessydickson9836
@tessydickson9836 3 жыл бұрын
write her on telegram
@tessydickson9836
@tessydickson9836 3 жыл бұрын
katie
@BIGGOODBOY
@BIGGOODBOY 2 жыл бұрын
Aren’t you the CFO of directed IRA? You should probably put that disclaimer somewhere
@antlerup
@antlerup 3 жыл бұрын
A lot of golden nuggets here, thank you for enlightenment :))
@markjkohier6393
@markjkohier6393 3 жыл бұрын
®️ Thank you ⊹ ① ⑧ ① ⓪ ⑥ ⑥ ⑥ ⑧ ② ③ ②
@markjkohier6393
@markjkohier6393 3 жыл бұрын
=what'sapp_"""
@icrucian
@icrucian 3 жыл бұрын
What about Itrust capital?
@egod7m995
@egod7m995 3 жыл бұрын
Really good video
@davidwaxman2285
@davidwaxman2285 3 жыл бұрын
8:20 - this is where he starts to answer the question "how to buy crypto in a Roth IRA"
@emeraldtumi
@emeraldtumi 3 жыл бұрын
thank you
@riyadblue20
@riyadblue20 2 жыл бұрын
Thank you thank you thank you
@nba3323
@nba3323 3 жыл бұрын
Thank you for this valuable info ❤️
@markjkohler9681
@markjkohler9681 3 жыл бұрын
Thanks for your wonderful comments and ratings ♥️ I'll advice you to invest in crypto/bitcoin like I do regarding making millions in it with my Expert as it's currently the most profitable investment right now best time to invest. Let's go!
@markjkohler9681
@markjkohler9681 3 жыл бұрын
± 1 7 8 1 2 5 7 8 8 4 3
@markjkohler9681
@markjkohler9681 3 жыл бұрын
ωrite ón ωhatsaap √
@powerof9915
@powerof9915 3 жыл бұрын
Option 1 is better and you really dont save time with crypto IRA because the rollover time is usually 2 to 4 weeks. So, you can do option 1 in 2 to 3 weeks
@michaelscott181
@michaelscott181 3 жыл бұрын
Very informative. Thank you!
@nickninjanizzle
@nickninjanizzle 3 жыл бұрын
If I already own crytpo can I transfer over into this Roth or do I have to create the Roth and buy within the roth? I don’t have any sort of Roth at all but I have stocks/crypto
@utprez
@utprez 3 жыл бұрын
I'm so glad I found this guy - great advice and you can tell he just lives and breathes this stuff! subscribed! 👍👍👍
@enudepochette455
@enudepochette455 3 жыл бұрын
Good job 👍 💚
@kellykx8120
@kellykx8120 3 жыл бұрын
How do you do a backdoor crypto roth?
@DyslexicDancer
@DyslexicDancer 3 жыл бұрын
Will this work with a Cold Wallet like the Ledger, I don't trust my crypto with an online wallet
@elizabethlaura6811
@elizabethlaura6811 2 жыл бұрын
HELLO MRS CLARISSA THE BITCOIN TRADER IS LEGIT AND HER METHOD WORKS LIKE MAGIC I KEEP ON EARNING EVERY SINGLE WEEK WITH HER NEW STRATEGY
@jerryjohn6525
@jerryjohn6525 2 жыл бұрын
Wow I' m just shock someone mentioned expert Mrs Clarissa I thought I'm the only one trading with her
@jerryjohn6525
@jerryjohn6525 2 жыл бұрын
She helped me recover what I lost trying to trade my self
@metallicmoster
@metallicmoster 2 жыл бұрын
@James Carter When you invest with genius like Mrs Clarissa you don't have any other choice then to keep winning she trading strategies are very productive and reliable. I made quite a huge profit today all thanks to Mrs Clarissa
@wizard5219
@wizard5219 2 жыл бұрын
Can I invest from Australia
@lindatomas6988
@lindatomas6988 2 жыл бұрын
@Matthew perna seeking for her contact details 👇
@ezmoolah6395
@ezmoolah6395 2 жыл бұрын
This is free knowledge everyone. I’m thankful for you boss! I’m only 21 and I’m investing all my cryptocurrency in a Roth ira, so once I’m in my 30s, I’ll be a millionaire with little tax to worry about.
@rea280
@rea280 Жыл бұрын
You need to be 59 to withdraw from a Roth Ira without penalties.... Its a retirement account dude.
@deeez8097
@deeez8097 3 жыл бұрын
So just for clarification purposes; when going the LLC route you are only paying to set up the LLC? After that you do not pay trading fees or any annual fees for having the IRA?
@savoirfaire312
@savoirfaire312 2 жыл бұрын
No the ANNUAL FEE is $295.
@JoeCnNd
@JoeCnNd 2 жыл бұрын
@@savoirfaire312 I think the LLC depends on where you live. Like in Idaho it looks like it's 100 for the filing fee and 0 annual but Indiana where I live it's like 90 filing and 30 every year.
@maximusdecimusmeridius9482
@maximusdecimusmeridius9482 2 жыл бұрын
This is low key going over some peoples heads but to the people who do this and actually invest wisely, this is how you build generational wealth! I’m about to max out for 2021 next week, got another year for 2022 😉
@SD420
@SD420 3 жыл бұрын
You rock! Looking forward to talking with you soon👍
@iamenough6958
@iamenough6958 3 жыл бұрын
What's your opinion on iTrust capital
@JACK_and_THOMAS_THE_RIPPERS
@JACK_and_THOMAS_THE_RIPPERS 3 жыл бұрын
Looking thin Mark. Nice job. Keep it going.
@taganrose6682
@taganrose6682 3 жыл бұрын
When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the present and investors of the past can provide us with guidance on how to invest 🙏🙏
@idudhepatrick4729
@idudhepatrick4729 3 жыл бұрын
After watching so many KZbin tutorial videos about trading I was still making losses untill Mr George William started managing my investment. now I make $6,800 weekly. God bless Mr George William . His been a blessing to my family.
@harunaabdullahi7446
@harunaabdullahi7446 3 жыл бұрын
My first investment with Mr George William gave me $24,300 and that has made me invest without the fear of losing, I got four of my friends that I referred to him and they are making profit just like me. May God bless Mr George William
@lauraness2971
@lauraness2971 3 жыл бұрын
on investing since I started trading with Mr George William his trading strategies are too notch am winning consistently trading with Mr George William . He really the best broker I've made a lot of profit investing with him.sting with Mr George William and how good he is, please how safe are the profit?
@lisaaddison2490
@lisaaddison2490 3 жыл бұрын
I trade with him, The profit are secured and over a 100% return on investment directly sent to your wallet.
@lisaaddison2490
@lisaaddison2490 3 жыл бұрын
you don't make money on cryto by holding your coins rather you trade to make gain
@paulsparrow2442
@paulsparrow2442 3 жыл бұрын
With method one can I stake my crypto?
@francksnotes7130
@francksnotes7130 3 жыл бұрын
Video is so good, I had to watch twice!!! Like, subscribe, and comment!!
@markcadajas5935
@markcadajas5935 3 жыл бұрын
Millions of people but only 2735 views? Thank you for this life changing video
@sladedichiaro4137
@sladedichiaro4137 3 жыл бұрын
Do you have to keep crypto in Gemini or Coinbase, or can you move to a cold storage wallet?
@lennybrewster4673
@lennybrewster4673 3 жыл бұрын
Yeah it's good for retirement, but I'll never sell my crypto. I'll just use it as collateral for a loan on blockfi at a low percentage instead of getting taxed 40% for selling it and losing almost half. And then when the blockfi loan is paid off I get the entire amount of my crypto back, no taxes.
@BrothaRich
@BrothaRich 3 жыл бұрын
Is that legit? If so I will definitely have to look into this.
@thomasbeebe8969
@thomasbeebe8969 3 жыл бұрын
Yea coinbase does as well but just for bitcoin. But this whole video is to show how to avoid paying taxes on it
@blackcatcaptain2022
@blackcatcaptain2022 3 жыл бұрын
smart ! I learn a lot. celsius offers 1% loan rate btw.
@joeygrayson
@joeygrayson 3 жыл бұрын
Yeah but how are you gonna pay the loan ? With what money
@hootans.4293
@hootans.4293 3 жыл бұрын
There is a big risk involved getting a loan against your crypto as a collateral. When the price drops either you have to put more crypto as a collateral or face liquidation and lose all of your crypto in a short period of time. At a 70% LTV your loan enters a margin call.
@cmo1135
@cmo1135 3 жыл бұрын
Are you allowed to trade on DEXs with your IRA wallet?
@CottonWoodBlues
@CottonWoodBlues 2 жыл бұрын
Im on my Gemini Acct now..nothing about IRA is there but as you said I have to set it up with you I guess ..Im lost..
@maximehamelin1062
@maximehamelin1062 3 жыл бұрын
Mark, do you offer service for canadien ? Thanks ! You look highly qualify !
@ThuNguyen-eg5il
@ThuNguyen-eg5il Ай бұрын
I currently have traditional ROTH IRA, can i open a separate SELF DIRECTED IRA for crypto investment? Or i have to combine the two into 1 account?
@WedjatEye35
@WedjatEye35 3 жыл бұрын
What states are you using, WY or Neveda To establish LLC.
@rlvtrader
@rlvtrader 3 жыл бұрын
A self directed IRA sounds great for the low cap cryptos or for being able to trade cryptos 24/7 (if the directed IRA allows it). Otherwise, if you are trading the big boys like BTC and ETH, you can buy the equivalent in your normal ROTH via GBTC and ETHE for example. You would save time and fees this way, but you are limited to trading during stock trading hours.
@janshuster1426
@janshuster1426 3 жыл бұрын
OBTC also at lower fee than GBTC
@nicholasanderson7884
@nicholasanderson7884 2 жыл бұрын
I don't think I can do this in NY state
@rd1ops1
@rd1ops1 3 жыл бұрын
Can I use a CRoth IRA and use a different wallet ?
@sobeseasandllc4747
@sobeseasandllc4747 3 жыл бұрын
I have crypto in my name non ira account what is best tax advantage way to move that into an crypto ira?
@agent-8699
@agent-8699 2 жыл бұрын
Do your conversion during bear market (like now) to save on taxes now and maximize tax-free gains later.
@quadview1
@quadview1 3 жыл бұрын
MJK FOR PRESIDENT !! 🔥 most valuable information I’ve heard in my whole life.
@markjkohler9681
@markjkohler9681 3 жыл бұрын
Thanks for your wonderful comments and ratings ♥️ I'll advice you to invest in crypto/bitcoin like I do regarding making millions in it with my Expert as it's currently the most profitable investment right now best time to invest. Let's go!
@markjkohler9681
@markjkohler9681 3 жыл бұрын
± 1 7 8 1 2 5 7 8 8 4 3
@markjkohler9681
@markjkohler9681 3 жыл бұрын
ωrite ón ωhatsaap √
@gamingwithdandanmteule3230
@gamingwithdandanmteule3230 3 жыл бұрын
Mark is the best
@victoriagalvan4850
@victoriagalvan4850 3 жыл бұрын
Maybe u guys could offer student discounts or something to offset some of the fees
@savoirfaire312
@savoirfaire312 2 жыл бұрын
Right the fees are RIDICULOUS! Just open a Roth IRA that has crypto else where…
@Exset20
@Exset20 3 жыл бұрын
It looks like you missed a critical step. For the Roth IRA scenario, a single owner LLC has 100% ownership, which breaks the prohibited transaction under IRC 4975. Please create a follow up video so others viewers are not misinformed.
@skorpyo331
@skorpyo331 3 жыл бұрын
🤔🤔🤔
@carlosortega8643
@carlosortega8643 3 жыл бұрын
We dont own the LLC personally , our IRA does, therefore, it won't be a prohibited transaction.
@skorpyo331
@skorpyo331 3 жыл бұрын
Somehow I think the bank attorneys had a hand in that law. After joining the crypto world recently, i truly understand the power(greed) of the banks, truly
@skorpyo331
@skorpyo331 3 жыл бұрын
@@carlosortega8643 and theres a custodian involved too right?
@mr.franco4972
@mr.franco4972 6 ай бұрын
So if I buy and sell crypto in a directed IRA with this method , will I not owe taxes when changing from one currency to another or when selling Bitcoin for dollars?
@AmyMcLean
@AmyMcLean 3 жыл бұрын
"The banker's brain will explode" 😂😂😂🤣🤣🤣 TRUTH!
@markjkohler9681
@markjkohler9681 3 жыл бұрын
± 1 7 8 1 2 5 7 8 8 4 3
@markjkohler9681
@markjkohler9681 3 жыл бұрын
ωrite ón ωhatsaap √
@thedot66
@thedot66 3 жыл бұрын
I thought this all sounded fantastic until I looked at all their fees.
@george25199
@george25199 3 жыл бұрын
still better then paying 20% to IRS
@victoriagalvan4850
@victoriagalvan4850 3 жыл бұрын
Dude yeah the fees are huge barrier to entry !
@karinealami8193
@karinealami8193 3 жыл бұрын
I use itrust Capital, is this a better option?
@mm96817
@mm96817 3 жыл бұрын
I wish you would have explained why the llc is required as a middleman. Why cant the SDR open up an account directly with coinbase like you did with gemini?
@str0be
@str0be 3 жыл бұрын
Anyone have an equivalent for Canadians? Can we save crypto in our RRSPs?
@aliapatrick4140
@aliapatrick4140 3 жыл бұрын
I have been making over 300% profit from my bitcoin investment every week since my Colleague introduced me to Expert Olivia who now trades for me while I receive the profit.
@smithsjohn8507
@smithsjohn8507 3 жыл бұрын
@@aliapatrick4140 Expert Olivia! I saw this recommendation some time ago. I ignored it only to see that someone is earning from her.
@adamuumar4122
@adamuumar4122 3 жыл бұрын
@@aliapatrick4140 choosing to invest in Bitcoin is the best decision anyone can make. with the right approach, it works.
@choicevictory9009
@choicevictory9009 3 жыл бұрын
@@aliapatrick4140 That’s true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and lack of experience
@basseyjoseph9357
@basseyjoseph9357 3 жыл бұрын
@@aliapatrick4140 Investing in crypto was fun till losses came in. couldn't figure out what I was doing wrong. I Lost all my money 😔😔
@allyndhynes6852
@allyndhynes6852 3 жыл бұрын
Can you mix in regular dividend stocks as well or is it strictly crypto?
@Akshatgiri
@Akshatgiri 3 жыл бұрын
Under the llc you can do both. Under the CRoth you can only do crypto.
@devonblaine
@devonblaine 3 жыл бұрын
My question too 🙌
@savoirfaire312
@savoirfaire312 2 жыл бұрын
So, question: Why didn’t you mention that you’re the CFO of this SD IRA site…?
@nicholasolivas317
@nicholasolivas317 3 жыл бұрын
If I open a Crypto Roth IRA could Later convert it to a self directed one to invest in both real estate and crypto?
@jaws7794
@jaws7794 3 жыл бұрын
Is the taxes the same for example 2 as example 1, because its a Roth and taxes are paid already? I knew of option 1 already.but I like option 2.....
@shoacca
@shoacca 3 жыл бұрын
Mark, I loved your set up for presentation, could you please let me now what technology you are using ? Is that a full board stand behind you ! appreciate that.
@hrollinsnyc
@hrollinsnyc 3 жыл бұрын
Directed IRA has a $300 annual fee. That seems rather high to me.
@Thekoreancouponer
@Thekoreancouponer 3 жыл бұрын
Another company with the same product has the same annual fee. Seems like it might be this rate until more platforms offer it and it gets more competitive.
@aolegario1
@aolegario1 3 жыл бұрын
Most also charge about a 1% trading fee like Choice by Kingdom Trust…but you still save more by not paying capital gains tax
@ritasplace1
@ritasplace1 3 жыл бұрын
Real Estate IRAs do the same thing & have a lot of rules.
@Thekoreancouponer
@Thekoreancouponer 3 жыл бұрын
@@ritasplace1 Can you buy crypto in a real estate IRA?
@TheOrangeCowboy
@TheOrangeCowboy 3 жыл бұрын
Thanks for an informative video Bank now asks the nature of the llc. Some banks freeze your assets when u try to buy crypto. Suggestions?
@betcoinking
@betcoinking Ай бұрын
believe that the lowest market cap with the highest potential in the Solana ecosystem is step finance
@chasehughes07
@chasehughes07 3 жыл бұрын
What If you already have crypto that you bought and it's sitting on cold storage. How do you transfer that into an IRA? Is this possible? From what I understand is you have to start out with cash first in the IRA account.
@janshuster1426
@janshuster1426 3 жыл бұрын
Yup
@AnnaKrueger809
@AnnaKrueger809 2 жыл бұрын
Hello, I'm new to crypto trading and I've been making losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong
@omarmarcos5888
@omarmarcos5888 2 жыл бұрын
As a beginner who doesn’t understand how crypto trading really works and you really want to make profit from it. I will advise you to first start working with a professional trader
@AnnaKrueger809
@AnnaKrueger809 2 жыл бұрын
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@AnnaKrueger809
@AnnaKrueger809 2 жыл бұрын
@Mark Asking please, how do I get through to him?
@SierraLeighanne
@SierraLeighanne 2 жыл бұрын
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses.
@AdelinaLanoszka1299
@AdelinaLanoszka1299 2 жыл бұрын
Investment needs intensive research, charting, and then to understand theta decay on options etc. so much to explain my friend. Hiring a coach like Luke Bellingham maybe the correct route for you.
@winks478
@winks478 3 жыл бұрын
How does the Roth become the owner of the LLC?
@JuanHernandez-bg2ye
@JuanHernandez-bg2ye 2 жыл бұрын
Wen Lambo?
@Yahweh-Chase-Bella
@Yahweh-Chase-Bella 2 жыл бұрын
I got the concept of this down. I'm wondering how does the Roth keep track of your crypto?
@daamodarabhat252
@daamodarabhat252 3 жыл бұрын
Investing in crypto now is very cool especially with the current rise in the market now
@daamodarabhat252
@daamodarabhat252 3 жыл бұрын
Most especially having an expert trader like Mrs Grace
@zulkifilusanibalarabe9232
@zulkifilusanibalarabe9232 3 жыл бұрын
Most intelligent words I've ever heard Crypto is the gold 🥇
@zulkifilusanibalarabe9232
@zulkifilusanibalarabe9232 3 жыл бұрын
Talking about expert Mrs Grace I think she is the best trader I have ever met
@zulkifilusanibalarabe9232
@zulkifilusanibalarabe9232 3 жыл бұрын
I invested $3000 and she made profit of $28,000 for me just in 15 days, her success story is everywhere
@shamsualaska4024
@shamsualaska4024 3 жыл бұрын
Wow I'm just shocked people mentioning expert Mrs Grace I thought I'm the only one trading with her, she helped me recover what I lost trading with the wrong trader
@sweetsperfection860
@sweetsperfection860 3 жыл бұрын
Can a Roth IRA account be create without an income source?
@zweihander7465
@zweihander7465 3 жыл бұрын
im interested in opening up a crypto roth ira with gemini but i already have a gemini wallet with purchased crypto. can i roll this wallet into a new wallet or would i have to open a brand new gemini wallet?
@thejusticejen
@thejusticejen 3 жыл бұрын
Oh awesome. I still need to back door the Roth contributions so it’s great that Gemini has a crypto traditional IRA
@francescajennings5497
@francescajennings5497 3 жыл бұрын
W,,,H,,,A,,,T,,,S,,,A,,,P,,,P,,, +,,,1,,,7,,,,,,1,,,6,,,6,,,6,,,6,,,1,,,4,,,5,,,,3..
@christineho4246
@christineho4246 3 жыл бұрын
What’s the low fees company to transfer from Roth IRA in Fidelity to a Roth Bitcoin?
@RonLevi
@RonLevi 3 жыл бұрын
Can a US-based SD Roth own an off-shore LLC? Or should it not? And if I create my own LLC, can I deposit funds from other sources or only through the SD Roth?
@allyndhynes6852
@allyndhynes6852 3 жыл бұрын
I have a Roth and would like to transfer/rollover it to one of the ones he’s describing. Is this doable?
@powerof9915
@powerof9915 3 жыл бұрын
Yes it's simple to do.
@janshuster1426
@janshuster1426 3 жыл бұрын
Yes
@NinjaAlex6r
@NinjaAlex6r 3 жыл бұрын
What if you want to use the crypto that you already have in a wallet?
@ManMountainManX
@ManMountainManX 3 жыл бұрын
TY. /
@adamm2716
@adamm2716 3 жыл бұрын
umm whats a backdoor roth?
@jamesperry3420
@jamesperry3420 3 жыл бұрын
I am 66 years old and recently retired. Can I still do a crypto Roth IRA?
@itzzjh__
@itzzjh__ 3 жыл бұрын
so you cant deduct any money out before the age of 59.5?
@crispbacon113
@crispbacon113 3 жыл бұрын
I wanted to trade within an ira but I am on disability and only make passive income no earned income so I can't have an IRA to trade in.
@williamtxhiajmooherr9148
@williamtxhiajmooherr9148 3 жыл бұрын
If I have a Roth IRA in TD Ameritrade, how can I go about converting that to a SD Roth IRA?
@janshuster1426
@janshuster1426 3 жыл бұрын
Rollover to the new Roth. Just like if you wanted to move from TD to Fidelity
@skorpyo331
@skorpyo331 3 жыл бұрын
Ira llc?
@grandmasdrugs
@grandmasdrugs 2 жыл бұрын
Yes. We put it together through Broad Financial.
@nextari
@nextari 3 жыл бұрын
Anyone who does not do this is crazy. Your crypto holdings may 100x over 5 or 10 years. And you will pay NO tax on that, vs paying $500k in tax. Because the gains in crypto are so much more (potentially) than in the stock market that getting in on the ROTH is 💥, a no brainer.
@rodric3005
@rodric3005 3 жыл бұрын
If i already have a crypto wallet (Coinbase, BlockFi) can i still do this? Or does it have to be done before you have a wallet?
@MarkJKohler
@MarkJKohler 3 жыл бұрын
You will have to set up a new wallet. When dealing with self-directed investments, you have to remember, the wallet can't be under your name, or owned by you, it is owned by your retirement account. So you can keep your personal wallet, but if you want your retirement account to own crypto, you will need your retirement account to open a wallet! If you have more questions, check out our crypto page at Directed IRA: directedira.com/cryptocurrency/
@tw4259
@tw4259 3 жыл бұрын
@@MarkJKohler i have cryptos in cold storage - can i open the roth, and instead of putting in money to buy crypto, can i just have it custody the cryptos i have now ? then trade within it ?
@tw4259
@tw4259 3 жыл бұрын
@@MarkJKohler thanks for your reply Mark !
@sallygilbert1847
@sallygilbert1847 3 жыл бұрын
I also would like to see Mark's reply to this!
@Chris.Plunkett
@Chris.Plunkett 3 жыл бұрын
Just wow. This is life changing stuff here. Say one has several hundred thousand+ already in crypto. One would need to cash out and pay cap gains I assume but the remainder could be used for the backdoor Roth I assume? Can one not do a self-directed Roth Crypto IRA on your site (specifically a backdoor) it looks like?
@MarkJKohler
@MarkJKohler 3 жыл бұрын
Hey Chris, glad you are enjoying my content! That's the goal... to change lives! Here is the link to the crypto IRA account we have at Directed IRA: directedira.com/cryptocurrency/ we have a world class customer service team, if you have questions, they should be able to help you!
@Chris.Plunkett
@Chris.Plunkett 3 жыл бұрын
@@MarkJKohler I'll reach out, thanks for your videos. This is really great stuff honestly.
@stevehite9215
@stevehite9215 3 жыл бұрын
Mark, can I trade crypto with “crypto bots” in a Self Directed Roth IRA?
@sungkim1728
@sungkim1728 3 жыл бұрын
For option 1 regarding LLC, I already have a regular non-crypto ROTH. Can I just just contribute my cash from my ROTH to LLC, and thus no need for self-directed IRA?
@sungkim1728
@sungkim1728 3 жыл бұрын
I'm trying to figure out if only SD ROTH IRA is allowed to open LLC and regular ROTH IRA does not have this option.
@enriqueta56
@enriqueta56 3 жыл бұрын
@@sungkim1728 yes. Only self-directed IRA's or any other self-directed retirement account can invest in this alternative investments besides the regular brokerages products. It has to be set up as self-directed.
@markjkohler9681
@markjkohler9681 3 жыл бұрын
@@sungkim1728 write on WhatsApp for more guidelines
@markjkohler9681
@markjkohler9681 3 жыл бұрын
@@sungkim1728. ± 1 7 8 1 2 5 7 8 8 4 3.
@christophererz578
@christophererz578 3 жыл бұрын
I think we may have talked a few years ago.
@RatherBeSailing
@RatherBeSailing Жыл бұрын
Who acts as wallet custodian in scenario B? I thought the Crypto IRA company was required by law to control custody? Explain who controls the Gemini wallet if Crypto IRA funds are used to open it? Will all Crypto IRA companies, like iTrust, allow the use a Gemini wallet??
@MarkJKohler
@MarkJKohler Жыл бұрын
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
@victoriagalvan4850
@victoriagalvan4850 3 жыл бұрын
Was going to start off with investing $333 into a self directed ira then I saw the $295 annual fee 🥴
@gigid9606
@gigid9606 3 жыл бұрын
can anyone give names of companies that actually set up a ROTH for crypto for less than a 15k entrance fee?
@SteveSiDo
@SteveSiDo 3 жыл бұрын
What if I already have a Roth IRA with Etrade, cam I open another Roth IRA somewhere else?
@janshuster1426
@janshuster1426 3 жыл бұрын
Yes
@JimmaCrackaCornAnd
@JimmaCrackaCornAnd 3 жыл бұрын
is 'back door roth' simply the conversion of existing traditional ira only? I want to make sure, ive never heard that term before.
@MarkJKohler
@MarkJKohler 3 жыл бұрын
Check out this video: kzbin.info/www/bejne/qqTMoYKEbJZropY
@EyeTurnRed
@EyeTurnRed 3 жыл бұрын
I have a Roth IRA with fidelity, does that mean I have to open a whole new self directed IRA somewhere else and can I move money from my roth to the self directed IRA?
@MarkJKohler
@MarkJKohler 3 жыл бұрын
Yes! That is exactly how it works! Visit directedira.com if you need help, we have a 5 star rated customer service team!
@MrDajiangyoude
@MrDajiangyoude 3 жыл бұрын
What is the scratch note software used in the video? Anybody knows it?
@BrokenCodeXXX
@BrokenCodeXXX 2 жыл бұрын
Is it allowed to move the crypto into a cold storage or hardware wallet? I asked this because crypto exchanges have some risks in the long-term. Like hackers and liquidation.
@meetjames1325
@meetjames1325 3 жыл бұрын
Can you set this up for me?
@MarkJKohler
@MarkJKohler 3 жыл бұрын
You can call and set up a consult at 888-801-0010
@kitty007muur9
@kitty007muur9 3 жыл бұрын
Can you put crypto into a Fidelity Account? I thought I saw something like that ? thanks love your show!
@ES-vb2wk
@ES-vb2wk 3 жыл бұрын
I think what fidelity is doing , they’re linking your Coinbase account to their platform where you can check balances, but that’s about it. You can’t invest in crypto with Fidelity yet. I wouldn’t be surprised to see it happening very soon.
@drewjames8594
@drewjames8594 3 жыл бұрын
@@ES-vb2wk I agree that something like what you mentioned has to be coming to the big brokerages with xyz fees of course. I will likely give it some time as this seems like a better option in my opinion.
@bronxp93
@bronxp93 3 жыл бұрын
Just buy Gbtc its the same thing. 10x in the future
@cryptofangirl7325
@cryptofangirl7325 3 жыл бұрын
Help! I live in NYC! I haven’t been able to find a Roth crypto company yet for NY. Any suggestions?
@MarkJKohler
@MarkJKohler 3 жыл бұрын
Visit: directedira.com/cryptocurrency/
@bradynields9783
@bradynields9783 3 жыл бұрын
If these IRA accounts offered like kind interest payments on the crypto they held for me instead of monthly fees I'd be a happier camper.
@CocoDawnUGC
@CocoDawnUGC 2 жыл бұрын
Where do you buy the Crypto IRA?
@8slkmic
@8slkmic 3 жыл бұрын
If I have a TSP from my employer that matches 5%, could I still do an "Acorns to SD IRA transfer" or just focus on the TSP?
@janshuster1426
@janshuster1426 3 жыл бұрын
If you are capable of saving money you do not need Acorns. Just put money into a ROTH as long as you fall in the income parramiters.
@8slkmic
@8slkmic 3 жыл бұрын
@@janshuster1426 I'm coming to that realization. Thanks for the push
@dimitrikatsaros9212
@dimitrikatsaros9212 Жыл бұрын
@15:54 there is a glance in the FAQ's that is a MAJOR TURNOFF: you do not have access to your private keys. This is entirely custodial. Remember folks, not your keys, not your crypto. Be careful out there!
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