10-23-2020, 02:03 PM
(10-23-2020, 11:01 AM)fab10 Wrote:(10-16-2020, 10:31 AM)RTBoss Wrote: Just rolled over my entire Roth IRA into a self-directed cryptocurrency Roth. I will be converting it entirely into Bitcoin, which will grow tax-free and one day withdrawn completely tax-free. Got a good great feeling about this move.
I’m not sure where you live but in most countries there is no such thing as tax free withdrawal sadly. Source : a couple of very unpleasant “conversations” with tax authorities in two different countries.
That said, I am still bullish on Bitcoin.
The US. With a Roth IRA, you can't touch it until you're 59.5, but after that, withdrawals are tax-free. With a regular IRA, you get to contribute pre-tax dollars, but the withdrawal is taxed. Not a great deal in comparison.
