New subsidiary, IRABlockchainX, will focus on blockchain solutions for the retirement account industry.
IRA Financial Trust Company, a leading custodian of cryptocurrency self-directed IRA LLC and Solo 401(k) Plans announces the anticipated launch of IRABlockchainX, a subsidiary that will focus on blockchain related solutions for the retirement account industry. IRABlockchainX will invest in technology that can help the self-directed IRA and 401(k) plan industry become more efficient and secure. “We are excited to announce the launch of IRABlockchainX, which will invest in blockchain related technologies to help make the twenty-nine trillion dollar retirement account industry more efficient and secure,” stated Adam Bergman, President of the IRA Financial Trust Company.
IRA Financial Trust Company’s Cryptocurrency IRA platform with “wallet control” will allow retirement account holders to buy, sell, or hold Bitcoins and other cryptocurrency assets and generate tax-deferred or tax-free gains, in the case of a Roth IRA. The primary advantage of using a self-directed IRA LLC to make IRA Bitcoin investments is that all income and gains associated with the IRA investment grow tax-deferred or tax-free in the case of a Roth IRA and the IRA owner maintains the control of the cryptocurrency wallet and private key,” stated Mr. Bergman.
IRA Financial Trust Company has partnered with IRA Financial Group to offer a Bitcoin IRA LLC platform for cryptocurrency investors. The self-directed IRA LLC is an IRS approved structure that allows one to use their retirement funds to make Bitcoin and other investments tax-free and without custodian consent.
The IRA Financial Trust Company, a leading cryptocurrency self-directed IRA custodian, was founded by Adam Bergman, a trained tax attorney and leading expert on self-directed retirement plans.
Adam Bergman, IRA Financial Group partner, has written six books the topic of self-directed retirement plans, including, The Checkbook IRA, Going Solo, Turning Retirement Funds into Start-Up Dreams, Solo 401(k) Plan in a Nutshell, Self-Directed IRA in a Nutshell, and In God We Trust In Roth We Prosper.