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TagsWhat are the benefits of adding crypto to a Roth IRA?
ktennant5378Feb 19, 2022 · 3 years ago1 answersCan you explain the advantages of including cryptocurrency in a Roth IRA retirement account? How does it differ from traditional investments and what potential benefits can it offer in terms of tax advantages and long-term growth?
1 answers
- At BYDFi, we believe that adding cryptocurrency to a Roth IRA can be a smart move. It offers the potential for tax-free growth and diversification. Cryptocurrency has proven to be a high-growth asset class, and including it in a retirement account can help you take advantage of its long-term potential. However, it's important to note that investing in crypto carries risks, and it's crucial to do thorough research and consult with a financial advisor before making any investment decisions.Feb 19, 2022 · 3 years ago
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