I am hopeful that my book will help beginner and more advanced cryptocurrency investors better understand the potential tax implications of cryptocurrency investments, as well as better understand the potential tax benefits of holding cryptos in a retirement account
NEW YORK (PRWEB) February 16, 2018
How to Use Retirement Funds to Purchase Cryptocurrencies in a Nutshell, by Adam Bergman is the first book to address the topic of how to use retirement funds to purchase bitcoin and other cryptocurrencies.
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. “I am hopeful that my book will help beginner and more advanced cryptocurrency investors better understand the potential tax implications of cryptocurrency investments, as well as better understand the potential tax benefits of holding cryptos in a retirement account,” stated Adam Bergman.
Beginning with an explanation of cryptocurrencies and how they work, the book goes on to define important terms, including blockchain, mining, and wallet. The book will also review the most popular currency exchanges, how cryptocurrencies are taxed, and how that taxation offers advantages for retirement account holders. “This is my seventh book on self-directed retirement plans and I hope the readers will learn how easy it is and potentially tax advantageous it can be to leverage ones retirement funds to invest in cryptocurrency.
"I have been avid believer in cryptocurrencies for many years and while it took me almost a year to write this book, I thoroughly enjoyed the process, especially the research conducted on blockchain technology,” stated Mr. Bergman.
IRA Financial Group & IRA Financial Trust Company’s Bitcoin IRA platform with checkbook control will allow retirement account holders to buy, sell, or hold Bitcoins and other cryptocurrency assets and generate tax-deferred or tax-free gains, in the case of a Roth IRA. The primary advantage of using a self-directed IRA LLC to make Bitcoin investments is that all income and gains associated with the IRA investment grow tax-deferred or tax-free in the case of a Roth IRA.
IRA Financial Group & IRA Financial Trust Company has partnered to offer a total control private key Bitcoin IRA LLC platform for cryptocurrency investors. With IRA Financial Group’s private key crypto solution, the retirement account holder have total control over his or her cryptocurrencies and can hold them through an exchange or via a digital or hardwallet. No need to pay commissions and account value fees to IRA custodians, with IRA Financial Group’s “Wallet Control” IRA one can take control of their cryptocurrencies. IRA Financial Group’s self-directed IRA LLC is an IRS approved structure that allows one to use their retirement funds to make Bitcoin and other investments tax-free and without custodian consent.
IRA Financial Group is the market's leading provider of self-directed retirement plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.
The IRA Financial Trust Company, a self-directed IRA custodian, was founded by Adam Bergman, a partner with the IRA Financial Group. Mr. Bergman is a leading expert on the taxation of retirement funds and has authored multiples articles on how to use a self-directed IRA to buy cryptocurrencies.
Adam Bergman, IRA Financial Group partner, has written seven books the topic of self-directed retirement plans, including, “The Checkbook IRA”, “Going Solo,” Turning Retirement Funds into Start-Up Dreams, Solo 401(k) Plan in a Nutshell, Self-Directed IRA in a Nutshell, and in God We Trust in Roth We Prosper.
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.