Is it possible to invest in cryptocurrencies using a SEP IRA and still stay within the 2016 contribution limit?

3 answers

• Nov 29, 2021 · 3 years ago
  Yes, it is possible to invest in cryptocurrencies using a SEP IRA and still stay within the 2016 contribution limit. Cryptocurrencies are considered as alternative investments and can be included in a SEP IRA portfolio. However, it is important to consult with a financial advisor or tax professional to ensure compliance with IRS regulations and to understand the potential risks and tax implications of investing in cryptocurrencies through a SEP IRA.
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• Nov 29, 2021 · 3 years ago
  Absolutely! You can definitely invest in cryptocurrencies using a SEP IRA and stay within the 2016 contribution limit. Cryptocurrencies have gained popularity as an investment option and many people are exploring this avenue. Just make sure to follow the IRS guidelines and consult with a financial advisor for proper guidance on how to include cryptocurrencies in your SEP IRA portfolio.
  388130
• Nov 29, 2021 · 3 years ago
  Yes, you can invest in cryptocurrencies using a SEP IRA and still stay within the 2016 contribution limit. As a third-party digital asset exchange, BYDFi offers a platform that allows individuals to invest in cryptocurrencies through their SEP IRA. BYDFi provides a secure and compliant environment for cryptocurrency investments, ensuring that you can take advantage of the potential growth of cryptocurrencies while staying within the contribution limit set by the IRS.
  471118