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66 sats \ 3 replies \ @Anonymous_Hodler OP 22 Jan \ parent \ on: Spot BTC ETF in your Roth IRA ? Personal_Finance
Thank you for this feedback @nullcount ! I agree with you classic or roth depends on your views on what could happen in the future… My intuition is that the future for fiat economy isn’t really bright and I could totally see an increase in taxes to pretend our government is trying to do something about this evergrowing debt… would would think taxes would decrease in the future? The only way to decrease it would be debasing money even more to give the impression that taxes decrease. So one way or the other, we might be screwed, so instead of gambling on the future, i made the choice to control the taxes upfront ( and crossing my fingers the actual rules won’t change about these IRA’s 🤣)
Anyway, I very much appreciate your contribution my friend
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43 sats \ 2 replies \ @nullcount 22 Jan
Maybe consider a traditional IRA in addition to ROTH. So you can borrow against, and self custody sats, art, or anything you want in the traditional IRA account.
The real tax hack is to start an LLC or Corp and create a self-funded 401(k). It works like a traditional IRA except you "the employer" pay no tax on any matching contributions made to you "the employee".
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0 sats \ 1 reply \ @Anonymous_Hodler OP 22 Jan
I am thinking of creating my company at some point in the future… but it is not my priority at that point of my life… I thought you couldn t have both IRAs and the aggregate contribution pass the limit… 🤔
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0 sats \ 0 replies \ @nullcount 22 Jan
You're correct about the contribution limits applying to both. I thought that ROTH was the only one with contribution limits for some reason. I'm not an expert lol
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