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Ep. 032: Should You Invest Your HSA In Bitcoin? What About Your Roth IRA?

by | Aug 28, 2018

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:

Email: askkim@sanecrypto.com
Twitter: @sanecrypto https://twitter.com/sanecrypto

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