How can I use my Raymond James IRA to invest in cryptocurrencies?

1 answers

• Mar 18, 2022 · 3 years ago
  Using your Raymond James IRA to invest in cryptocurrencies is a great way to diversify your retirement portfolio. However, it's important to note that not all IRA custodians allow cryptocurrency investments. You will need to check with your specific custodian to see if they offer this option. If they do, you can open a self-directed IRA account and transfer funds from your existing IRA account. Once the funds are in your self-directed IRA, you can invest in cryptocurrencies through a reputable exchange. Keep in mind that investing in cryptocurrencies can be volatile, so it's important to do your own research and understand the risks involved before making any investment decisions.
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