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Can I spend the digital currencies from my new IRA account?

  • Updated January 11, 2023 17:39

Yes, please refer to this article on digital currency distributions.

Spending or withdrawing the funds from any IRA account before you reach the retirement age of 59 ½ will result in early withdrawal tax penalties. Any IRA account is intended to be a fund drawn upon only after you retire. Selling your crypto is approved so long as it is used to reinvest in a different asset, or is held in your retirement account in a liquid state.

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