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January 29, 2024

How to Buy Bitcoin with a Self-Directed Roth IRA with Checkbook Control

Key Points 

  • You can invest in Bitcoin through a Self-Directed Roth IRA with Checkbook Control.
  • With Bitcoin investments, you may diversify your retirement portfolio, enjoy greater returns, hedge against inflation, and more.
  • Broad Financial makes it a breeze to open a Self-Directed Roth IRA with Checkbook Control so you can invest in Bitcoin and other cryptocurrencies in real time.
invest in bitcoin on computer with self-directed ira

If you’re familiar with Bitcoin, you may be surprised to learn that you can invest in it to save for retirement. One account type to consider is a Self-Directed Roth IRA with Checkbook Control. This unique type of account can give you the freedom and flexibility to set yourself up for a fulfilling retirement through Bitcoin and other types of cryptocurrencies. Here’s everything you need to know about using a Self-Directed Roth IRA with Checkbook Control to buy Bitcoin and set yourself up for the retirement of your dreams.

Self-Directed Checkbook IRA investor writing a check from their IRA LLC checking account to make an investment in commercial real estate.

A Self-Directed Roth IRA with Checkbook Control is similar to a Roth IRA. You contribute after-tax dollars and watch your investments grow tax-free. It’s worth exploring if you’re possibly anticipating higher future tax rates and prefer not to pay taxes on your retirement income.

This account type has the added benefit of the power of checkbook control. Checkbook control allows you to place your everyday investment transactions without your SDIRA custodian's involvement. To place an investment, you'll simply write a check or send a wire for your IRA's dedicated checking account.

Because  you don’t need to wait for your custodian to place transactions with this account, you can invest in Bitcoin in real-time. With a Self-Directed Roth IRA with Checkbook Control, you’ll enjoy unmatched control of your cryptocurrency investments while saving time and money.

There are a number of reasons you may want to consider opening a Self-Directed Roth IRA with Checkbook Control to invest in Bitcoin, including: 

Benefits of Investing in Bitcoin with a Self-Directed IRA Infographic: (1) Diversification Opportunities - By investing in alternative products like Bitcoin and other types of crypto, you can diversify your retirement portfolio and in turn, potentially help protect it from possible market downturns. (2) Tax-Free Retirement Income - When you hold your Bitcoin investments in a Self-Directed Roth IRA, you’ll enjoy tax-free growth of your income in retirement. (3) Higher Potential Return on Investment - Bitcoin is an up-and-coming investment that has a potential for higher returns than Wall Street products, like stocks, bonds, and mutual funds. (4) Hedge Against Inflation - Investing in Bitcoin with a Self-Directed Roth IRA with checkbook control allows you to hedge against inflation. Typically, as the value of the dollar drops, the value of Bitcoin typically increases. (5) Invest in Real Time - With a Self-Directed Roth IRA with checkbook control, you may invest in Bitcoin in real-time, without involvement of your custodian for your everyday transactions. (6) Hold the Private Keys to Your Bitcoin - With a Self-Directed Roth IRA with checkbook control, you hold the private keys, meaning you store and trade on your time with no limitations from exchanges and have increased security from potential scams.

Bitcoin is one of the many types of cryptocurrencies you can invest in through a Crypto IRA. Here are several other options you might want to consider: 

  • Ethereum (ETH)
  • Cardano (ADA)
  • Solana (SOL)
  • XRP (XRP)
  • Quant (QNT)
  • Altcoins
  • Tokens 
  • And Other Emerging Cryptocurrencies!

If you’re interested in investing for retirement with Bitcoin, a Self-Directed Roth IRA with Checkbook Control from Broad Financial might be the ultimate option. To get started or learn more, we encourage you to contact us today.


Disclaimer: Broad Financial LLC does not provide legal, tax, or investment advice. Please consult with your tax or legal advisor before making investment decisions. 

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