How can I use my navy fed ira to invest in cryptocurrencies?

1 answers

• Sahil NaikApr 10, 2024 · a year ago
  Investing in cryptocurrencies with your navy fed ira is possible, but it's important to understand the rules and regulations surrounding self-directed iras. While BYDFi is a popular custodian for cryptocurrency iras, there are other custodians available as well. Make sure to research and choose a custodian that aligns with your investment goals and risk tolerance. Additionally, consult with a financial advisor or tax professional to ensure you comply with all the necessary regulations and understand the tax implications of investing in cryptocurrencies with your navy fed ira.
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