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Wondering what all the acronyms mean? We’re here to help answer your frequently asked questions.
Whether you’re a retirement term expert looking for a quick refresh or a newcomer to Crypto IRAs, iTrustCapital is here to provide some info! ◄

Chapters:
00:00 Intro
00:14 What is an IRA?
00:18 Traditional IRA
00:38 SEP, SIMPLE, & Rollover IRA
00:56 Roth IRA
01:22 Outro

Transcript:

IRA stands for individual retirement account.

In a Traditional IRA, the individual can invest funds BEFORE paying income tax, while taxes are deferred.

Capital gains refer to money made over the principal amount invested.

When taking a distribution from an IRA after the age of 59 and a half, the money is taxed as ordinary income rather than capital gains.

The same concept applies to Simplified Employee Pensions (otherwise known as SEP IRAs),

Savings Incentive Match Plan for Employees (or SIMPLE IRAs),

And Rollover IRAs, which refer to IRAs created from funds that were previously in 401ks or similar employer savings plans.

That leaves one IRA that you may have already heard of: the Roth IRA.

What’s a Roth IRA?

It’s a similar concept to an IRA, but contributions are made with POST-tax dollars.

This means an individual will pay income tax on their paycheck, THEN invest funds into a Roth IRA.

Any gains are tax free, AND no additional taxes are due when taking distributions in retirement.

Consult with your tax advisor to determine which account option makes the most sense for you.

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DISCLAIMER
This is an advertisement by iTrust Capital, Inc. It is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any trading strategy.

iTrust Capital, Inc. is a cryptocurrency IRA platform. It is not an exchange, funding portal, custodian, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrust Capital, Inc. is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.

Cryptocurrencies are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Precious metals are a speculative investment with risk of loss. Historical performance is no guarantee of future results.

Some taxes and conditions may apply depending on the type of IRA account. ​​Investors assume the risk of all purchase and sale decisions. iTrust Capital, Inc. makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrust Capital, Inc. does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.

The Referral Program is subject to terms and conditions and are subject to change by iTrust Capital, Inc. in its sole discretion at any time.

iTrust Capital, Inc. makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations
(expressed or implied) or omissions from the information contained herein. iTrust Capital, Inc. disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information, which is provided as is, without warranties.

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