If you’re in your early to mid-20s, how often do you think about the future? Are you lost in the hustle and bustle of the present? Focused on the here and now? There’s nothing wrong with enjoying yourself, but the reality is that as we age, it’s important to continuously plant the seeds that will allow us to grow a healthy retirement account that will offer us the opportunity to live a long, happy life.

We know. It can be tough to think about, especially when you’re young. It’s easy to get distracted, to spend money wildly, and to put things off for later. We all do it. But it’s not a wise choice and there’s a good chance you’ll look back years later and regret it. Additionally, you’ll certainly lose out in the short term by paying unnecessarily high taxes on the money you make. Do you enjoy giving the government your money for no reason at all? No! That’s not smart and nobody wants to do that.

However, there’s good news! It’s never too late to start planning for your retirement. NEVER! But if you’re not a financial whiz, or you’re inexperienced, where do you begin? At iTrust Capital, we’ve come up with an easy way for you to invest money in cryptocurrencies like Bitcoin, Ethereum, and more! But why choose cryptocurrency to fund your retirement? That is, quite literally, the million-dollar question.

BITCOIN’S GROWTH POTENTIAL

Over the past decade, Bitcoin has seen a meteoric rise in growth and has garnered increasing recognition as a powerful store of value. No stock or bond can rival Bitcoin’s ROI. Especially for the lucky investors who got in early. However, if you weren’t an early adopter or sat on the sidelines saying, “well it’s too late now, it’s too late now,” you probably feel like you’ve missed the boat. With Bitcoin’s price now stabilizing well above $60,000, it’s easy to feel like you’re late to the party… like you slept through the whole damn thing!

Maybe you didn’t hear about it until recently or didn’t take it seriously up until now. And maybe you still don’t. Maybe you still don’t understand Bitcoin, blockchain, or any of the other buzzwords that have been floating around recently. But it’s time to face the music. And there are three important notes you need to hear…

1. Cryptocurrencies are a revolutionary, game-changing technological advancements.
   
   
2. A paradigm shift is happening right before your eyes. It’s not a fad, a phase, or a bunch of nonsense. This is the future!
   
   
3. It’s never too late to invest. While it may seem like you’re lightyears behind on diving into the cryptoverse, this movement is only just beginning. And you’re right here, ready to take advantage of it!
   
   
4. If you don’t understand the technology or you’re not sure where to begin, just know you’re not alone.
   
   

We know it can be tough to save money and plan for the future, especially when you don’t know what you’re doing or don’t feel like you have enough to invest. Luckily, we’re here to help you learn.

It’s our goal to ensure that you're able to prepare yourself for retirement and to offer you the opportunity to create a bright, enjoyable future. After all, you don’t want to be working forever right?

If you’ve asked yourself why Bitcoin is so valuable and why it costs so much, there’s a number of complex answers that we could touch upon. For now, simply try to understand what Bitcoin has going for it. When you understand the points below, you’ll see why investing in cryptocurrencies like Bitcoin and putting them in your portfolio is a fantastic way to fund your retirement accounts.

A) Bitcoin is a digital store of value. It’s like gold, but digital. And like gold, it’s a scarce commodity. Therefore, the more popular it becomes and the less of it there is, the more value it holds.

B) As we said above, Bitcoin is a world currency. Nearly everyone around the world can use it, share it, pay each other with it, and avoid the costly fees and long waits normally associated with traditional currency exchanges. This means EVERYONE AROUND THE WORLD wants it. Therefore, its desirability, like gold, is shared with people around the globe.

C) Cryptocurrencies are a great way to hedge against inflation. Why? As the government continues to print more dollars and place them into circulation, that dollar’s purchasing power drops. While there’s no cap on the number of dollars that can be printed, that’s not the case for cryptocurrencies like Bitcoin. Only a certain number will ever be produced. Therefore, people who invest in Bitcoin know their money will never deflate in value. And as we said before, with an increase in demand comes an increase in the price.

D) Bitcoin has proven against all odds and against countless naysayers that its value as a commodity is both real, desired, and increasing… at a breakneck speed. For nearly 12 years, Bitcoin has proven time and again that it’s likely the most valuable asset of all time and that its value is only going up. With that said, why wouldn’t you want to invest in Bitcoin and put it away for your retirement?

It’s hard to say the same for most stocks and bonds you might normally fund your retirement account with. However, up until recently, those were the only available choices. Luckily, iTrust Capital is helping to change all that. We’re allowing young people just like you to invest in your future with the technology and money of our time.

With our simple interface, it’s easy to invest in your favorite cryptocurrencies, avoid high taxes on your earnings (known as capital gains), actually reduce how much taxes you currently pay the government, and to save for your retirement. Sounds like a good deal right!

Whether you already have other types of investments, a company-funded 401K, or you’re completely new to investing, adding cryptocurrencies like Bitcoin to your portfolio is a great way to diversify. Look at cryptocurrencies as one more tool in your toolbelt - another powerful option to help you achieve your retirement goals.

By diversifying your retirement savings to include cryptocurrencies like Bitcoin, you’re giving yourself a serious advantage. With cryptocurrencies finally being recognized as a valid long-term investment, you’ll give yourself a great opportunity to begin funding your retirement account with assets that have a huge potential for growth.

Remember this important fact: Investing in cryptocurrency has not been an option for any other generation in history. You’re the first. Think about that! Furthermore, this opportunity to LEGALLY fund a tax-deferred retirement account with crypto was not an available option until just a few years ago.

You have the advantage here. The chance to make a real investment in your future and to be a part of something exciting and new. To be part of a revolution. And best of all, you can save A TON on taxes, year after year, and reap the rewards for years to come!

THE TAX ADVANTAGES OF A CRYPTO IRA 

Nobody likes paying taxes. The average worker loses out on 20-30% of his or her income paying taxes of various types. That’s like working Monday-Friday and only getting paid for Wednesday, Thursday, and Friday. Ouch! But, there’s a great way to LEGALLY avoid paying taxes on some of that income AND to put that toward your retirement. You can accomplish this by funding a crypto IRA.

An IRA, or Individual Retirement Account, is a self-funded retirement savings account that can actually help you avoid paying taxes in the present. For younger investors like yourself, the government currently allows you to fund your IRA with up to $6,000 each year. All the money you put into your IRA is deducted from your income and you can pay fewer taxes or even get a refund as a result! Meanwhile, the crypto investments you choose to put that money into can grow over time and earn way more for you than a traditional savings account.

However, it gets even better! When it comes to cryptocurrencies and taxation, funding an IRA is a game-changing option for investors. Normally, all cryptocurrency earnings are subject to capital gains tax. And those can eat up your profits pretty quickly. Just check out this helpful calculator from NerdWallet to see how much you could lose if you sold your crypto assets for a profit. Again, you lose out on more of your earnings and pay more taxes to the government.

However, had you invested that money into a crypto IRA, all of your trades, sales, and increases in value would not accrue any additional tax liabilities for you in the present. No matter how much your investment grows, as long as you don’t remove the money from your IRA, you pay no taxes on it until your retirement. Meanwhile, your net worth can steadily grow and you’ll be able to set yourself up for a comfortable, happy life.

IN CONCLUSION

There are many investment options you can put your money into. However, the newly emerging opportunity to fund your IRA with cryptocurrency investments is a truly groundbreaking option. And as we’ve said before, you’re the first generation in history to be blessed with the chance to do this.

Whether you think it’s time you started planning for your retirement, or you’re interested in diversifying some of your current retirement assets into cryptocurrency, iTrust Capital is here to help you make it happen.

Until Next Time

The crypto world is an ever-changing ecosystem. A living, breathing beast. A force to be reckoned with. And best of all, a rich environment with boundless opportunity. Keep yourself in the know and stay up to date on the latest in Crypto and DeFi. How? By following us of course!

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   - The SkyHigh DeFi Team -