Yasss Zero capital gains are doable with Crypto!

What if I told you it’s possible to trade and retire with crypto… tax free?
Zero capital gains on crypto.

Let’s talk about crypto retirement accounts and how they can save you thousands of dollars and how you can get set up step-by-step.

We’re going to cover the two most popular types of IRA’s..
The traditional IRA and Roth IRA.

It’s important to understand a few key similarities and differences between these crypto retirement accounts.

The most important similarity is trading. Trading crypto within either a Traditional or Roth IRA is not a taxable event

In a regular account, ANY profitable trade you make is subject to capital gains tax.

Short term capital gains can be as high as 37% meaning if you profited $1000 on a trade.. Up to $370 can go to Uncle Sam.

That same trade in a Roth retirement account has a tax of…. $0.

The most important difference between these accounts is when and how you ARE taxed

Traditional IRAs are called “tax deferred” which is a fancy way of saying you don’t pay income tax on funds added to the account.

You only pay tax on earnings you pull out in your retirement after age 59.5.
Those earnings are taxed as income at that time.

The idea is if you defer your taxes to your old age you will pay a lower income tax rate because you are no longer in your prime earning years.

Roth IRAs on the other had grow tax-free.

This means you pay regular income tax on funds added to the account but you pay nothing at retirement.

So let’s say you added $1000 to your Roth IRA and it grew to $10,000 at retirement.

You would pay your regular income tax on that $1000 now and $0 on the $9000 in gains at retirement

This is what Peter Thiel did and now he has $5 billion dollars in one of these accounts tax free.

DISCLAIMER: Please be advised that nothing in this video shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor. All personal opinion is intended for general information purposes only.

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Yasss Zero capital gains are doable with Crypto!

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