Crypto Retirement: Gamble or Goldmine?
Anne and Kenner discuss various topics related to cryptocurrency and qualified plans. They explore the possibility of contributing depreciated Bitcoin into a qualified plan, the complexities of investing in crypto within a qualified plan, and the advantages of using a 401k C Corp combo. They also touch on the lack of education and awareness around these topics and the importance of working with professionals who understand the intricacies of qualified plans and asset protection.
Anne mentions her involvement with the Guardian Academy, an educational organization that helps entrepreneurs and business owners connect with the right people and gain valuable knowledge and insights.
Takeaways
• Contributing depreciated Bitcoin into a qualified plan requires a cash transaction and cannot be done directly.
• Investing in crypto within a qualified plan involves buying the crypto in the name of the plan and selling it if it depreciates.
• A 401k C Corp combo allows individuals to fund their own company using their qualified plan assets.
• There is a lack of education and awareness around using qualified plans for investing in crypto and starting a business.
• Working with professionals who understand qualified plans and asset protection is crucial for maximizing benefits and minimizing risks.
• The Guardian Academy is an educational organization that helps entrepreneurs connect with the right people and gain valuable knowledge and insights.
Sound Bites
• The more you learn, the more you realize you don't know.
• Crypto as far as taxes. It's a very smart thing to do sometimes.
• I can contribute real estate as its cash value. But right now, regulation just kind of hasn't caught up with that.
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Thank you for listening!
