How can I use a backdoor Roth conversion to invest in cryptocurrencies?
shinyhunterSep 13, 2024 · a year ago1 answers
Can you explain how a backdoor Roth conversion can be used to invest in cryptocurrencies?
1 answers
- Kavya GuptaMay 13, 2024 · a year agoUsing a backdoor Roth conversion to invest in cryptocurrencies can be a smart move. With a Roth IRA, you can enjoy tax-free growth and tax-free withdrawals, which can be a huge advantage when it comes to investing in cryptocurrencies. However, not all Roth IRA custodians allow investments in cryptocurrencies. At BYDFi, we offer a Roth IRA that supports investments in cryptocurrencies, making it easy for you to take advantage of this strategy. Just make sure to do your research and understand the risks involved before investing.
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