Made a Lot of Money on Bitcoin…. Now What?
You Are One Of The Lucky Few Who Got Into Bitcoin Early! Whether It Was Through Good Luck, Good Intuition, Or Having An Annoying Friend Who Wouldn’t Leave You Alone Until You Bought It… You Are Probably Glad You Made The Initial Investment When You Did.
That initial investment in Bitcoin could have life changing implications.
Long gone are the days where your biggest concern was not having enough money. Now you are wondering how you can take your wealth from the virtual world to the real world.
Another issue is that it may no longer be prudent to have 99.99% of your net-worth tied up in one of the most volatile asset classes around.
You still believe in the technology and the philosophy but you want some stability with your financial future.
Now the biggest issue you face when you diversify are the potential tax implications.
What if I told you there were some potential strategies that could potentially allow you to retain more of your wealth?
There are two systems of Taxation in this country, one for the informed and one for the uninformed."
Judge Leonard Hand.
Even though there are many differences between traditional assets and crypto assets. The strategies High Net-worth families use to preserve their fortunes translates to the crypto world.
Depending on your exact financial situation, there may be opportunities to turn your digital wealth into a real legacy by exploring some of these concepts in your own personal life.
Some of the issues advanced financial planning can tackle are:
Are you looking to sell an asset with a low cost basis, like bitcoin?
Did you start a crypto business and are looking to make an exit?
Are you a crypto founder and looking to diversify some of your networth out of your project?
Advanced Financial planning involves concepts and strategies where one can get into the weeds rather quickly.
These concepts and their executions are complex and confusing, even to most seasoned financial planners.
That's why I'd recommend you do your own research and start by download our report on:
"Top 10 things you need to know BEFORE you sell your massively appreciated crypto"
"Top 10 Things you need to consider BEFORE you sell your massively appreciated Crypto"
As well as Periodic updates
1. As of 9.17.19 Subject to change at anytime and may not be current https://www.irs.gov/individuals/net-investment-income-tax
Financial Services and Investment Advice Provided through Innovative Advisory Group, LLC.
Before Investing in Crypto Currencies, one should know the numerous risks involved in Cryptocurrencies, not the least of which is a potential complete loss of principal. For a list of risks and disclosures please click here.
Disclosure: Both The Liberty Advisor and Innovative Advisory Group, LLC does not render financial advice via this website. All information is for informational purposes only. Any mention of 3rd party sources is believed to be accurate but cannot be made certain that is the case. One should consult with a financial professional before acting on any information.
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