Swan IRA is one of the best ways to hold Bitcoin in a tax-advantaged way. We offer both a self-directed Traditional IRA or Roth IRA, with Bitcoin held in a legal, regulated trust account.
Both Traditional IRAs and Roth IRAs have tax advantages. Traditional IRA’s typically have pre-tax contributions that grow tax-deferred until disbursement. While Roth IRA’s typically have post-tax contributions that grow tax-free.
Traditional IRAs can accept annual contributions (with limits varying by owner’s age), transfers from other Traditional IRAs, or rollovers from other pre-tax accounts like a 401(k)’s, solo401(k), 403(b)’s, 457, SEP, SIMPLE IRA, etc.
Roth IRAs can accept annual contributions (with limits varying by owners age), transfers from other Roth IRAs, or rollovers from other post-tax accounts like 401(k) Roths.
Read more about IRAs at this IRS website: Individual Retirement Arrangements (IRAs) | Internal Revenue Service (irs.gov)
Does the Swan IRA hold Bitcoin in a custodial or non-custodian approach?
The Swan IRA holds Bitcoin in a custodial legal trust account at Prime Trust, in your name as beneficial owner. Each account has a unique ABA and account number. Bitcoin is held by Prime Trust, a regulated US chartered trust company.
Can I withdraw my Bitcoin from my IRA?
Bitcoin can be sold and proceeds disbursed under standard IRA disbursement rules.
Bitcoin can not be withdrawn into self-custody given legal and regulatory risks. Please contact us at firstname.lastname@example.org for more information.
Can I open multiple Swan IRA accounts?
Yes, you can open multiple Swan IRAs accounts.
Can I open a ‘Back Door Roth’ at Swan?
You can open a Roth IRA at Swan, complete other contributions and conversions with another financial institution such as Fidelity or Vanguard, and then complete a Roth transfer into the Swan IRA.
What is the pricing of the Swan IRA?
The buy and sell transaction fee is 0.99%, funded from IRA funds, per IRS regulations.
The Swan IRA has a flat monthly administration fee of $20 until a balance of $100,000. Above $100,000, the monthly administration fee is 0.02083% of the balance at month end (0.25% annually). All administration fees will be charged monthly from outside the IRA balance, per IRS regulations.
How can I open a Swan IRA?
Swan IRA is launching soon, so please signup for the waitlist at swanbitcoin.com/ira.