common-close-0
BYDFi
Trade wherever you are!

How can I convert my IRA to a Roth account using Turbotax and take advantage of digital currencies?

avatarAli KhalesiDec 28, 2021 · 3 years ago1 answers

I am interested in converting my IRA to a Roth account using Turbotax. However, I also want to take advantage of digital currencies. How can I go about doing this?

How can I convert my IRA to a Roth account using Turbotax and take advantage of digital currencies?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Converting your IRA to a Roth account using Turbotax and taking advantage of digital currencies can be a great way to diversify your retirement portfolio. Here's how you can do it: 1. Start by opening a Roth account with a financial institution that offers digital currency investment options. 2. Contact your current IRA custodian and request a direct transfer of funds from your IRA to the Roth account. 3. Once the funds are transferred, you can start investing in digital currencies through the platform provided by the financial institution. Keep in mind that there may be tax implications associated with converting your IRA to a Roth account, so it's important to consult with a tax professional or financial advisor before proceeding. Happy investing!