Re: How and why to hold bitcoins in your Roth IRA (yes, you can do it today!)
Thank you +1
Unless rolling over, this is limited to $5500/yr though correct?
Unless rolling over, this is limited to $5500/yr though correct?
Yes, unless you are over 50, in which case the limit is $6500 per year. I don't think there is any limit to the size of transfers, rollovers, and conversions.
This is correct. There are no limits for the size of transfers. Roth conversions used to have an income limit (you make to much you couldn't do it) but that went away a few years back. Anyone can convert IRA funds to a Roth IRA regardless of income these days. Powerful investment option for the super wealthy if you believe in the potential exponential growth in Bitcoin. Imagine having $100k in Bitcoin right now in a Roth. Grows to $1MM, $10MM, no taxes, ever. Nice thoughts.
