Crypto/self-directed IRAs: Smart or Not?
Are you tired of being restricted to plain-vanilla investments in your IRA such as stocks, bonds, and mutual funds? If you want to walk on the wild side and invest your retirement money in assets such as real estate or cryptocurrency, a crypto/self-directed IRA could be for you.
What Is a Crypto/self-directed IRA?
As far as the IRS is concerned, you can invest in anything through an IRA (or SEP-IRA or SIMPLE IRA) other than collectibles such as art and antiques, life insurance, and S corporation stock.1