If you know anyone with a large ETF position you should try to get them to explore self custody alternatives. It’s never been easier and we’ve never had more options. For a small amount a bitkey is so clean and easy. For a medium amount an Unchained or Casa vault using coldcard cannot be beat. For a whale they should look into Anchorwatch - get insurance to appeal to normies. All of these options have a safety net where others can help you in case you mess up. We’ve come so far. We are winning!!
Discussion
How do they get their retirement funds out without paying the majority to the government in fines and taxes?
It’s a fair general point that it’s hard and they don’t have a ton of options. If they have a 401k they can rollover to an IRA, or take an existing IRA, and open an Unchained IRA. That’s the best option that I’ve seen.
I heard a self custodial (like physical gold) ira doesent allow you to roll over, you basically have to start over with maximum contributions every year and they have a ton of compliance auditing and reporting requirements (expensive to maintain). No idea if unchained is the same way, but i suspect they are. Any ideas?
There is a lot of nuance here and I think the best path would be for that person to reach out to Unchained.