In the realm of digital investments, self-directed IRAs (SDIRAs) have emerged as a powerful tool for investors seeking greater control over their retirement portfolios. SDIRAs allow individuals to invest in a wide range of alternative assets, including cryptocurrencies like Bitcoin. However, choosing the right SDIRA custodian is paramount to ensuring the security and efficiency of your investments.
SDIRA custodians play a crucial role in safeguarding your retirement assets by:
Custodian | Experience | Security Features | Fees | Communication |
---|---|---|---|---|
AltoIRA | 5+ years | Multi-factor authentication, cold storage, insurance | 0.10%-0.25% annual account fee | Email, phone, chat support |
Kingdom Trust | 10+ years | AES-256 encryption, offline vaults, FDIC insurance | $100 setup fee, 0.45% annual custody fee | Email, phone, mail support |
Bitcoin IRA | 5+ years | Trezor hardware wallets, insurance coverage | 0.05%-0.12% monthly account fee | Email, phone, text support |
Action | Tax Treatment |
---|---|
Contributions to SDIRA | Tax-deductible (up to limits) |
Earnings in SDIRA | Grow tax-free |
Withdrawals before age 59.5 | Subject to taxes and penalties (exceptions apply) |
Withdrawals after age 59.5 | Taxed as ordinary income |
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