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What are the implications of the AGI limit for individuals looking to include cryptocurrencies in their Roth IRA portfolio?

avatarjjm99Nov 23, 2021 · 3 years ago1 answers

What are the implications of the Adjusted Gross Income (AGI) limit for individuals who want to add cryptocurrencies to their Roth IRA portfolio?

What are the implications of the AGI limit for individuals looking to include cryptocurrencies in their Roth IRA portfolio?
Cryptocurrencies
Roth IRA
AGI Limit

1 answers

  • avatarNov 23, 2021 · 3 years ago
    As an expert in the field, I can say that including cryptocurrencies in a Roth IRA portfolio can be a smart move for individuals looking to diversify their investments. Cryptocurrencies have the potential for high returns, and by including them in a Roth IRA, individuals can benefit from tax advantages. However, it's important to be aware of the AGI limit. If your AGI exceeds the limit, you may not be able to contribute to a Roth IRA or may have your contribution limit reduced. Therefore, it's crucial to consider your AGI and ensure it falls within the limit before including cryptocurrencies in your Roth IRA portfolio.

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