How do you calculate the annual fees for holding digital currencies in an IRA?

1 answers

• PHEONIX INFINITUSNov 25, 2024 · 9 months ago
  Calculating the annual fees for holding digital currencies in an IRA can be done by considering a few key factors. First, you'll want to look at the custodian fees charged by the IRA provider. These fees can vary depending on the provider and the amount of assets held. Next, you should consider any transaction fees associated with buying or selling digital currencies within the IRA. These fees can vary depending on the platform or exchange you use. Lastly, if you choose to store your digital currencies with a custodian, there may be storage fees involved. To estimate the annual fees, you can multiply the custodian fees by the value of your digital currency holdings and add any transaction or storage fees. It's always a good idea to consult with a financial advisor or IRA provider for more accurate calculations and guidance.
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