BITCOIN IRA CUSTOMER SUPPORT CONTACT INFORMATION
Phone Number: 877-936-7175
Phone Hours: Monday through Friday: 6:00 am – 5:00 pm PST
Email Address: support@bitcoinira.com
Support Center: https://help.bitcoinira.com/hc/en-us
Account Types
As its name suggests, Bitcoin IRA is primarily focused on IRAs, though it offers other types of retirement accounts as well. Here are the various types of individual retirement accounts you can open and access through Bitcoin IRA.
Traditional IRA
Traditional IRAs are those funded with pre-tax dollars, which means your contributions grow tax-deferred and are eventually taxed as regular income in retirement. There are IRS rules governing how much someone can contribute to any and all IRA funds they may own, known as the annual contribution limit. For 2024, the contribution limit is $7,000, or $8,000 for those aged 50 and over.
Roth IRA
The Roth IRA works in the other direction: You pay taxes on the money now to enjoy tax-free withdrawals come retirement time. Along with being subject to the annual contribution limit, however, Roth IRAs are also governed by income eligibility restrictions, and the five-year rule must be followed to ensure the distributions remain tax-free.
SEP and SIMPLE IRA Accounts
These types of IRAs are built specifically for small business owners and, in some cases, independent contractors. They allow entrepreneurs to maximize their employees’ retirement savings by making employer contributions (and for self-employed people, they can substantially increase their overall contribution limit).
Rollover IRA
A rollover IRA is an IRA set up to catch retirement funds rolled over from an old account, be it an employer-sponsored one like an old 401(k) or another IRA. You can initiate a rollover larger than the annual contribution limit, but keep in mind that the rollover IRA must have the same tax structure as the account whose funds are coming to it. For instance, an old traditional 401(k) must be rolled over into a traditional IRA.