aliyaDec 16, 2021 · 3 years ago2 answers Is it possible to convert a traditional IRA to a Roth IRA and invest in cryptocurrencies?
I'm wondering if it's feasible to convert a traditional Individual Retirement Account (IRA) to a Roth IRA and use the funds to invest in cryptocurrencies. Is this allowed by the Internal Revenue Service (IRS) regulations? What are the potential benefits and risks involved in such a conversion and investment strategy? Can I take advantage of the tax benefits of a Roth IRA while participating in the volatile world of cryptocurrencies?