Ep. 032: Should You Invest Your HSA In Bitcoin? What About Your Roth IRA?
This week, we are, once again, going back to the listener mailbag. I got this email, a week or so ago from Doug in Florida:
My employer recently changed our health insurance plan, and I’m now able to easily invest in bitcoin via the CXBTF fund in my HSA. If bitcoin takes off, I think this would be a great way to take care of health care expenses in retirement, and avoid capital gains taxes. The only difference I see between using an HSA instead of a Roth IRA is that to avoid taxes with the HSA, I need to use it only for health related expenses. Do you think this is a good idea? Are there other drawbacks that I’m missing?”
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In response to Doug’s question, we talk about:
✓ Should you invest your HSA in Bitcoin? Or anything else?
✓ Should you invest your Roth IRA in Bitcoin?
✓ Backdoor Roth for high income earners
✓ How should you invest retirement funds? Checkbook IRA? GBTC? Or CXBTF?
TO DIVE DEEPER INTO INVEST YOUR HSA:
The Cost of Healthcare in America - Brittainy Boessel
What Is a Backdoor Roth IRA? - Elizabeth MacBride
Using A Checkbook IRA To Invest In Cryptocurrency In Your IRA - Kim Snider (Sane Crypto)
Best Way to Buy Bitcoin in Retirement Accounts With Jordan Sheppherd - Kim Snider (Sane Crypto)
Where Does Cryptocurrency Asset Class Fit in an Overall Portfolio? - Kim Snider (Sane Crypto)
Fidelity Investment Begins Offering Bitcoin (BTC) ETN (XBT Network)
Bitcoin ETN Becomes A Hot Topic In The Crypto World - Ali Raza
QUESTIONS OR FEEDBACK:
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Twitter: @sanecrypto https://twitter.com/sanecrypto
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