CAN I BUY CRYPTO IN A TRADITIONAL IRA
Here’s a summary of the main problem reported and the solutions discussed:
- Main Problem: User is inquiring about rolling over a 401k to a traditional IRA and whether they can use the funds to buy cryptocurrency.
- Solution Provided: Fidelity representative clarified that their crypto accounts are currently only available for Individual and Joint non-retirement registrations, and did not provide information on future enhancements regarding this capability.
- Additional Offer: Fidelity offered assistance with questions about rolling over the 401(k), although the user did not pursue this further.
In summary, the user seeks to invest in crypto through an IRA rollover but is informed of current limitations on such transactions at Fidelity.
Here’s the full thread
Hello, I currently have a 401k with fidelity that I am thinking about rolling over to a tradition IRA. Can I use some these funds to buy crypto?
Hi @Dougm82 Currently, Fidelity Crypto accounts are only available for Individual and Joint non-retirement registrations. We aren’t able to discuss what may or may not be in the works for future enhancements, but you can check out our crypto server for future updates. https://discord.com/channels/1006237207121641555/1074746646719643698
Do you have any questions about rolling over your 401(k)? I’m happy to provide more information.
no that was all. Thank you.
No problem, have a great evening! 🟢