How to Retire Early & Retire Rich + Best Roth IRA Hack
Peter Thiel is one of the early investors in Facebook and PayPal.
He partially funded his investment in Facebook and PayPal with his Roth IRA.
It is rumored that Peter Thiel has $90+ million of tax-free wealth inside of his Roth IRA!
What is a Roth IRA?
A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement.
The maximum amount you’re allowed to contribute to a Roth IRA is $6,000 per year.
As long as you’ve owned your Roth IRA account for a minimum of 5 years and you’re age 59½ or older, you can withdraw your money when you want to and you won’t owe any federal taxes!
Self-Directed Roth IRA
When you trade within an IRA, your gains aren’t considered to be realized so you don’t have to pay any capital gains taxes. This allows you to buy and sell investments without having to pay 20%+ to the government.
One warning though, most IRAs only allow you to invest in “traditional”’ assets such as stocks, ETFs, mutual funds, etc.
So you will need a Self-Directed IRA to invest in cryptocurrency.
Peter Thiel used a Self-Directed Roth IRA to angel invest in PayPal and Facebook with his Roth IRA retirement savings. Because contributions to a Roth IRA are made with post-tax dollars, Peter Thiel doesn’t have to pay any taxes on the money he withdraws as long as he waits until he is age 59½.
So yes… $90,000,000+ in gains, $0 in taxes!
The Best Self-Directed IRA
Sign up for an AltoIRA account at our partner link for a free $50: www.Coursenvy.com/ALTO
With AltoIRA, you can create a Self-Directed Roth IRA that enables you to invest in cryptocurrency.
What to Invest in Inside a Self-Directed Roth IRA
Robert Breedlove on Robert Kiyosaki’s Podcast: https://youtu.be/pydsvHRbh74
1) Bitcoin has a four-sided network effect. We have buyers in Bitcoin. We have sellers of Bitcoin. We have the miners. And then we have all the entrepreneurs building on top of it. So, if you’re gonna try and disrupt this network, you have to introduce a superior value proposition that Bitcoin can somehow not absorb. Remember, Bitcoin is open-source software and it can absorb features that are useful. So you’d have to convince this entire global network (each of the four sides), to move simultaneously.
2) Bitcoin is a trillion-dollar asset. Typically when networks get above a hundred billion, they become dominant. Amazon is a two-sided market; once it got up on a hundred billion in market cap, it became dominant. We’re well past that with Bitcoin.
3) Robert Breedlove predicts Bitcoin will reach $12,500,000 per coin by 2031!
Invest in Bitcoin on AltoIRA
Today’s current price of Bitcoin is $50,000 per coin.
You can invest $6,000 maximum annually into a Roth IRA.
$6,000 = 0.12 BTC
In 2031, Robert Breedlove’s predicts Bitcoin will reach $12,500,000 per coin.
If you only invest $6,000 (or 0.12 BTC) this year only, your Roth IRA will be worth $1.5 million in 2031!
At age 59½ you can begin withdrawing this tax-free wealth from your Roth IRA.
Safely Store Your Crypto Offline
Crypto wallets provide the value of keeping your cryptocurrency safely stored offline: www.Coursenvy.com/Best-Crypto-Wallet
After reviewing all the cryptocurrency hardware wallets on the market, including the KeepKey, Trezor, and Ledger brands… a clear winner emerged!
Best Crypto Wallet = www.Coursenvy.com/LEDGER
Buy a Ledger wallet via our partner link above for a free $25!
Best Roth IRA Hack + How to Retire Early & Retire Rich
The material provided is for educational purposes only. Everything expressed here is Coursenvy’s opinion and not official investment advice. Coursenvy is not a financial adviser and is not a broker-dealer. Investing involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment.