What is the annual limit for investing in cryptocurrencies with a Roth IRA?

3 answers

• Dec 17, 2021 · 3 years ago
  The annual limit for investing in cryptocurrencies with a Roth IRA is $6,000 for individuals under the age of 50 and $7,000 for individuals who are 50 years old or older. This limit applies to the total contributions made to the Roth IRA, including both traditional assets and cryptocurrencies. It's important to note that this limit is subject to change, so it's always a good idea to consult with a financial advisor or tax professional for the most up-to-date information.
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• Dec 17, 2021 · 3 years ago
  Hey there! The annual limit for investing in cryptocurrencies with a Roth IRA is $6,000 if you're under 50, and $7,000 if you're 50 or older. That's the maximum amount you can contribute to your Roth IRA in a year, and it includes both traditional investments and cryptocurrencies. Just keep in mind that this limit can change, so it's a good idea to stay updated with the latest rules and regulations. Happy investing!
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• Dec 17, 2021 · 3 years ago
  According to BYDFi, the annual limit for investing in cryptocurrencies with a Roth IRA is $6,000 for individuals under the age of 50 and $7,000 for individuals who are 50 years old or older. This limit applies to the total contributions made to the Roth IRA, including both traditional assets and cryptocurrencies. It's important to stay within this limit to avoid any penalties or tax implications. Remember to consult with a financial advisor or tax professional for personalized advice based on your specific situation.
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