What are the contribution limits for traditional and Roth IRAs in the context of cryptocurrency investments?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! The contribution limits for traditional and Roth IRAs in the context of cryptocurrency investments are the same as the limits for regular investments. For 2021, the maximum contribution limit for both traditional and Roth IRAs is $6,000 if you are under 50 years old, and $7,000 if you are 50 years old or older. This means that you can contribute up to $6,000 or $7,000 (depending on your age) to your traditional or Roth IRA, and invest that money in cryptocurrency if you choose to do so. It's important to note that these limits apply to the total amount you can contribute to all of your IRAs combined, not just for cryptocurrency investments.
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• Dec 25, 2021 · 3 years ago
  Hey there! When it comes to investing in cryptocurrency through traditional and Roth IRAs, the contribution limits remain the same as for regular investments. As of 2021, the maximum contribution limit for both traditional and Roth IRAs is $6,000 if you're under 50 years old, and $7,000 if you're 50 years old or older. So, you can contribute up to $6,000 or $7,000 (depending on your age) to your traditional or Roth IRA, and use that money to invest in cryptocurrency. Just keep in mind that these limits apply to all your IRAs combined, not just for cryptocurrency investments.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, suggests that the contribution limits for traditional and Roth IRAs in the context of cryptocurrency investments are the same as the limits for regular investments. As of 2021, the maximum contribution limit for both traditional and Roth IRAs is $6,000 if you are under 50 years old, and $7,000 if you are 50 years old or older. This means that you can contribute up to $6,000 or $7,000 (depending on your age) to your traditional or Roth IRA, and use that money to invest in cryptocurrency. Remember, these limits apply to all your IRAs combined, not just for cryptocurrency investments.
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