nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev brought up in this episode that there is some way to use 401k or IRA funds to buy bitcoin and hold your own keys, but didn't elaborate, does anyone have resources or companies related to this?
Discussion
roll over funds , look at Unchained Capital
Jeff Vandrews had a company around getting this setup. I just remember talking about it with him at length a couple years ago
Unchained
I checked it out, the yearly fees are $250 USD. In order to get comparable fees to something like VTI, you'd have to invest 6 BTC or $250k.
Unfortunately not Pleb friendly.
250/yr is pretty standard and maybe even low for a pension account, no?
The one through my employer is free.
That would be surprising. There are a variety of plan fees, custodian fees, fund expenses and the like in pension plans in EU and US.
No such thing as a free securities investment account
Fund expenses, yeah, but that's not related to the account. I've never worked at a company that charged their company for a 401k plan.
Youre not paying for it, then your employer is. Anyway, This is a rabbit hole i dont care much about.
Back to the seed of this thread, you asked the community for resources or options to set up a pension type account. Were you thinking there would be free options?
I dont use unchained as im not state side but 250 seems reasonable for an assisted multi sig in a special account type. Nunchuk assisted is 125 without special account type.
Free, no but fees around 0.1% was more what I was thinking. Unchained also charges 1% on top of that $250.
I don't think nunchuk does tax advantaged accounts based on their website
That they charge 900 setup at 250/yr isnt that out there imo. Tax advantaged accounts have unique requirements to make sure you dont take constructive receipt and there a distribution. A multi sig true bitcoin ira is a great value prop and custodial fees are to be expected.
But 1% ontop doesnt make sense imo. This is akin to an advisory fee and shouldnt apply here. Mighty fiat of them to transport the layers of fees from fiat to bitcoin.
Also, unchaineds assisted setup is 250/year after $900 setup fee.
"Self Directed IRA" is the keyword.