REGULATION IS COMING! PANIC & RUN, PANIC & RUUUUNNNN!
If you follow crypto closely you know that major regulations are on the horizon, but you surely don't need to panic and run! With recent developments in the SEC, CFTC, and now Google following suit with banning cryptocurrency ads on it's platform, there has been a lot of FUD going around. I got an email from one of my followers asking about alternative ways to invest in Bitcoin like Bitcoin IRA's. Thanks to Pam G. for suggesting the topic as I know many people are curious about this type of cryptocurrency IRA. I decided to do some digging into this estuary of an investment where the traditional financial vehicle meets the emerging cryptocurrency markets. Follow along as The 'Stache breaks down what a Bitcoin IRA is and if it is really worth it.
What Is An IRA Anyway?
Here is one of those things they just don't teach you in school (along with a host of other life skills... but that's a rant for another blog!), and I really didn't understand them until I was in my late 20's. IRA stands for "Individual Retirement Account" and is specifically designed to give you a tax break for investing for your retirement. This special type of savings account is great because not only do you get tax deductions (up to a certain IRS limit), but an IRA account contribution is also "tax-deferred". This means that as long as the money stays in your IRA account you don't...KEEP READING ON MY WEBSITE: https://www.cryptostache.com/2018/03/15/is-a-bitcoin-ira-really-worth-it/