Cryptocurrency, once thought of as a highly technical and somewhat shadowy monetary investment, has matured into a thriving, diverse, and mainstream market. As of early 2018, the cryptocurrency market was valued at almost $450 billion-a remarkable achievement for a form of virtual currency traditional economists were convinced would quickly fail.
The size, versatility, and rapid growth of cryptocurrency make the market attractive for investment by retirement-account holders. In his latest book, self-directed retirement-plan guru Adam Bergman, Esq., explains how easily self-directed IRA and Solo 401(k) plans can be used to invest in such cryptocurrencies as Bitcoin, Ethereum, Litecoin, and more without tax.
Beginning with an explanation of cryptocurrencies and how they work, Bergman goes on to define important terms, including blockchain, mining, and wallet. You'll discover the most popular currency exchanges, how cryptocurrencies are taxed, and how that taxation offers advantages for retirement account holders. Most importantly, you'll learn how easy it is and potentially tax advantageous it can be to leverage your retirement funds to invest in cryptocurrency.
From establishing a cryptocurrency exchange account to holding your cryptocurrencies through your own wallet, Bergman guides you through the new and exciting world of virtual currencies. Cryptocurrency is here to stay-and with it comes a host of investment opportunities.
About the Author: Adam Bergman, Esq., is the president of the IRA Financial Group & IRA Financial Trust Company, a leading provider of both self-directed IRA limited liability company and Solo 401(k) plans. Over the course of his career, Bergman has helped over twelve thousand clients self-direct their retirement funds. Prior to his time with IRA Financial, Bergman served as a tax attorney for White and Case LLP and other major law firms.
A prolific writer, Bergman is the author of six books related to retirement plans and taxation, including the popular Going Solo: America's Best Kept Retirement Secret for the Self-Employed, Solo 401(k) Plan in a Nutshell, and Self-Directed IRA in a Nutshell. He provides regular articles on retirement accounts to Forbes.com and has been quoted in hundreds of retirement and investment articles published by major news outlets.
