Click on the link below for the full blog post.
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Hey, let me start with a story.
Peter Theil is best known for creating Paypal with Elon Musk.
Peter Theil opened up an IRA (an individual retirement account) with $2,000 in 1999 full of Paypal stock and he turned it into a 5 billion dollar goldmine while paying NO taxes! Yea, crazy right? You have to give the guy credit for figuring this out!
He has the record for an IRA with the most money. There is another crazy story about him, Hulk Hogan, and a sex tape.
His whole retirement account story is extreme, but the point is you can earn money by not paying taxes.
The bad news is you're not supposed to touch the money until you're 59.5 years of age.
If you do make a withdrawal then you will pay a 10% penalty. Alto Crypto allows someone to put cryptocurrency into their retirement account.
More good news is it accepts a wide range of crypto not just Bitcoin. It accepts over 90 cryptos.
Another cool thing about Alto is The fees are also fairly reasonable with no yearly or monthly fees. The only fees would be a 1.5% trade fee, a $50 account closure fee, and $25 for an outbound wire transfer.
Of course, this could change in the future.
How it works is you would first set up an account. You would fill out some information about yourself, confirm your email address. Then you would choose why type of IRA you want to set up. For example, there is a Roth and traditional.
Then you would transfer crypto from Coinbase or any other exchange to Alto.
The bad news is the maximum amount of money you can put in an IRA is $6,000 a year. Oh, but if you do set up an account you can put a minimum of $10 in it, plus you get a $50 bonus for signing up.
To get more information on Alto Crypto I created a whole blog post about it. I talk about 2 additional ways to earn money with crypto and how that is impacted by an IRA.
I talk about how FDIC insurance works with Alto Crypto. I go into how FDIC was created and how Alto got its start. Plus a little more about the different retirement accounts you can have.
Oh, and even more info about the Peter Theil and Holk Hogan sex tape craziness.
All you have to do is click on the link below or go to trustthelink.com. Bye for now.
