This week, we are, once again, going back to the listener mailbag. I got this email, a week or so ago from Doug in Florida:
My employer recently changed our health insurance plan, and I'm now able to easily invest in bitcoin via the CXBTF fund in my HSA. If bitcoin takes off, I think this would be a great way to take care of health care expenses in retirement, and avoid capital gains taxes. The only difference I see between using an HSA instead of a Roth IRA is that to avoid taxes with the HSA, I need to use it only for health related expenses. Do you think this is a good idea? Are there other drawbacks that I'm missing?"In response to Doug's question, we talk about:
✓ Should you invest your HSA in Bitcoin? Or anything else?
✓ Should you invest your Roth IRA in Bitcoin?
✓ Backdoor Roth for high income earners
✓ How should you invest retirement funds? Checkbook IRA? GBTC? Or CXBTF?
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DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.
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