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If you’re under 40 years old & qualify; you should STRONGLY consider an Unchained Capital Roth IRA or similar.

Buy BTC/ HODL:

* Tax-free forever, even when you withdraw in retirement, so long as you meet some basic requirements—as bitcoin’s value grows, your taxes do not.

* All transactions within a Roth IRA avoid tax—there’s no need to track tax basis

* Access to contributions before retirement age are tax penalty-free, meaning they’re accessible in a pinch

* There are no required minimum distributions—you can hold your bitcoin forever and pass it tax-free to heirs.

This is financial advice.

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Discussion

jimbocoin 🃏 1y ago

Counterargument:

- Roth IRA contributions are post-tax. You’ve already paid income taxes.

- You have to register your holdings with the State.

Is the lack of long-term capital gains tax (15%) worth revealing your stack? The future tax rate is unpredictable, but you can’t un-reveal your position.

nobody 1y ago

Solid argument. It really depends on the person. For some it is the smartest thing they could do right now. Without question.

jimbocoin 🃏 1y ago

Not worth it, IMO. The time horizon is too far out to have any confidence in the future tax rate. Better to get your coins in self-custody, revealing as little as possible to one’s potential future adversaries.

It’s not just the State you’re revealing to (although that’s reason enough). It’s anyone who hacks the State’s databases, now or at any time in the next several decades.

nobody 1y ago

What’s the tax rate for BTC going to be in the future?🧐🤔

Locking in at zero for life (assuming they don’t try to change the Roth rules which could lead to civil war).

jimbocoin 🃏 1y ago

The future tax rate is zero if you out-HODL the nation-state enterprise.

nobody 1y ago

🤝

jpfrogmd 🏴‍☠️⚡️ 1y ago

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nobody 1y ago

🧐🤔

Anonymous 1y ago

I will look into this

nobody 1y ago

💪

Sam 1y ago

If you have a traditional 401K or IRA that you can rollover it still makes sense. You're only taxed on the amount you withdraw in a given year when you start taking disbursements.

Also to the point of doxing your sats... if this thing is what we think it is, then your main goal should be to self custody as much as possible no matter what vehicle it's in, which can be done with an Unchained IRA.