How can I invest in cryptocurrencies with a fidelity non-deductible IRA?

3 answers

• Boyer HegelundJan 15, 2024 · 2 years ago
  Investing in cryptocurrencies with a fidelity non-deductible IRA can be a great way to diversify your retirement portfolio. To get started, you'll need to open a self-directed IRA account with fidelity that allows for cryptocurrency investments. Once your account is set up, you can transfer funds from your non-deductible IRA into your self-directed IRA. From there, you can use the funds to invest in various cryptocurrencies through approved exchanges. It's important to note that not all cryptocurrencies may be available for investment within an IRA, so be sure to check with fidelity for their approved list of cryptocurrencies.
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• Tomer P.Apr 10, 2024 · a year ago
  If you have a fidelity non-deductible IRA and want to invest in cryptocurrencies, you're in luck! Fidelity offers a self-directed IRA option that allows for cryptocurrency investments. Simply open a self-directed IRA account with fidelity and follow their instructions for transferring funds from your non-deductible IRA. Once the funds are in your self-directed IRA, you can start investing in cryptocurrencies through approved exchanges. Keep in mind that investing in cryptocurrencies can be volatile, so it's important to do your research and only invest what you can afford to lose.
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• ahmed abuelkhierNov 22, 2021 · 4 years ago
  Investing in cryptocurrencies with a fidelity non-deductible IRA is a popular choice among investors looking to diversify their retirement portfolios. With the rise of digital assets, fidelity has recognized the demand and offers a self-directed IRA option that allows for cryptocurrency investments. By opening a self-directed IRA account with fidelity, you can take advantage of the potential growth of cryptocurrencies while still enjoying the tax benefits of an IRA. However, it's important to note that investing in cryptocurrencies carries risks, so it's always a good idea to consult with a financial advisor before making any investment decisions.
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