Overview of Unchained IRA: Maximizing Tax Advantages for Bitcoin Savings

by | Sep 16, 2023 | Traditional IRA | 5 comments




Our Unchained IRA lets you save bitcoin on a tax-advantaged basis while holding your own keys. Whether rolling over an existing retirement account or starting an annual bitcoin stack, doing so in a Roth IRA means all future appreciation is tax-free. There are no messy legal complexities, either—your IRA vault sits right next to your personal vault in your Unchained account, and operates much the same way.

In this webinar, we cover the Unchained IRA product and its structure, what an IRA is, why you might want a bitcoin IRA, how to set one up, and much more.

Are bitcoin IRAs sustainable?
What you should know about McNulty v. Comm’r and bitcoin IRAs
Sign up for Unchained IRA:

0:00 Introduction
1:25 Why a bitcoin IRA?
3:27 What is an IRA?
5:00 Traditional IRA vs Roth IRA
7:00 Why not liquidate the old retirement account to buy bitcoin?
8:44 How does a Roth conversion compare?
10:08 Unchained IRA structure
14:00 The Unchained Capital platform
20:43 Take control of your retirement
20:27 Unchained IRA rollover process
25:38 Unchained IRA pricing and availability
28:15 Can I make bitcoin contributions?
28:37 Do I have to roll over the full amount of my IRA/401k?
28:55 Am I required to complete a rollover to set up an Unchained IRA?
29:15 Can I use my current hardware devices for an Unchained IRA?
30:40 Can I do in-kind rollovers?
31:18 Unchained IRA vs Choice, iTrust Capital, Bitcoin IRA
34:10 Bitcoin IRAs after McNulty
40:46 How does the bitcoin purchase work?
44:00 Is Unchained IRA bitcoin-only?
44:35 What is the minimum rollover or contribution?
46:00 What do I do if I have a KeyKeeper IRA?
48:24 What is the max contribution limit for bitcoin IRAs?
49:00 How does pricing with Concierge work?
53:30 How are Unchained IRA fees paid?
54:46 How does an inherited IRA work?
55:53 Why is holding the keys to your bitcoin IRA important?
59:25 Conclusion…(read more)

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Unchained IRA Overview: Tax-Advantaged Bitcoin Savings

As the popularity of cryptocurrencies such as Bitcoin continues to rise, investors are seeking ways to maximize the potential returns and minimize tax liabilities. One such avenue gaining traction is the Unchained IRA, a tax-advantaged account that allows individuals to invest in Bitcoin and other cryptocurrencies.

Traditional IRAs (Individual Retirement Accounts) have been a popular investment vehicle for many years, providing individuals with tax advantages to save for retirement. However, these IRAs are typically limited to traditional investment options like stocks, bonds, and mutual funds. With the emergence of cryptocurrencies, investors are now looking for ways to include them in their retirement portfolios, leading to the creation of the Unchained IRA.

The Unchained IRA is essentially a self-directed IRA that enables individuals to invest in Bitcoin through a specialized LLC (Limited Liability Company) structure. It allows investors to hold Bitcoin directly, opening up a range of potential benefits. By utilizing the Unchained IRA, individuals can gain exposure to the potential growth of Bitcoin while enjoying the tax-advantaged status of a retirement account.

One of the key advantages of the Unchained IRA is the ability to defer taxes on capital gains and investment income until retirement. Traditional IRAs offer tax-deferred growth, meaning investors can delay paying taxes on their earnings until they start withdrawing funds from the account during retirement. The Unchained IRA provides the same benefit for Bitcoin investments, allowing investors to potentially accumulate substantial gains over time without immediate tax burdens.

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Additionally, the Unchained IRA can be an attractive option for those looking to diversify their retirement portfolio. Traditional investments, such as stocks and bonds, can be unpredictable and subject to market fluctuations. By including Bitcoin in the mix, investors can potentially enhance their overall portfolio performance and reduce their exposure to traditional market risks.

It’s important to note that the Unchained IRA does come with certain requirements and restrictions. Firstly, it requires individuals to set up an LLC that will serve as the vehicle for Bitcoin investment. This LLC ensures that the Bitcoin is held within the structure of an IRA and remains compliant with IRS regulations. It also provides investors with greater control and flexibility over their Bitcoin holdings.

Moreover, individuals choosing to invest in Bitcoin through the Unchained IRA need to be mindful of security measures. Since cryptocurrencies are digital assets, they are vulnerable to hacking and theft. Proper security measures, such as utilizing secure wallets and implementing strong password protection, are essential to protect one’s Bitcoin holdings.

In conclusion, the Unchained IRA offers investors a unique opportunity to include Bitcoin in their retirement portfolios while enjoying the tax advantages of a traditional IRA. By deferring taxes on investment gains, individuals can potentially maximize their returns over the long term. However, it’s crucial to carefully consider the risks associated with cryptocurrencies and ensure proper security measures are in place. As always, consulting with a financial advisor is recommended before making any investment decisions.

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5 Comments

  1. Sebastian

    Can the assets be distributed in kind?

  2. distantyahoo

    what happens if unchained goes insolvent and they are required to cosign on a vault withdrawal?

  3. DW

    I loved everything right up until you got the the outrageous fees. $995 "set up
    fee?" 'Coiner please.

  4. Bradley Chambers

    Great to see you can use the same keys with your existing vaults.

  5. The Reformed Financial Advisor

    Is this still a self-directed IRA (like the old Unchained product) or is it a custodial IRA?

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