A viewer asked: With all my XRP in my IRA and the intent to hold indefinitely, what are my options to generate income? This recording is Jake Claver's answer, in full and unedited.
Looking for the full answer to “borrow against crypto without selling”? It is written up here: Borrowing Against Your Digital Assets.
What this recording covers
Claver discusses the regulatory limitations and strategic options for managing digital assets held within qualified retirement accounts such as traditional and Roth individual retirement arrangements. He explains that governing tax regulations strictly prohibit account holders from borrowing against or pledging the principal balance inside qualified plans. Any revenue generated through account activity can accumulate in designated sub-accounts, but the primary contributed assets remain restricted until the holder reaches the statutory age of fifty-nine and a half to avoid early withdrawal penalties. Upon reaching qualifying age, individuals can execute in-kind asset distributions, transferring holdings outside the retirement wrapper where they can be utilized as collateral. Claver notes that tax liabilities upon distribution depend on whether the account was established under traditional pre-tax or Roth after-tax rules.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.