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I've thought about this too - and if you set up your IRA right you still have self-custody. If it comes to this and I 'owe' 40% of my savings, I'll probably take a permanent vacation out of the US before complying. And I suspect many others will do the same.

Telluride 1y ago

This is tricky. The rules are sketchy and IRS “could” claim since you took custody that its no longer sheltered. I had this EXACT conversation with a senior manager at Bernstein.

Swan offers a custody solution for a fee

Unchained offers a self custody option that id be more comfortable with now that the political landscape has shifted towards btc friendly policy.

None of this has been tested yet.

👊🏻🍻🧡

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Tracy 1y ago

Interesting and thank you - I was unaware of that while in the process of setting up a 'Roth' Unchained.

I would think eventually the law will have to face the realities of self-custody and the implications thereof.

But that doesn't change my sentiment nor potential vacation plans. 🤣