16: Generational Wealth Building
Now that we’re feeling sufficiently gloomy about the state of our fianancial system and (eventual) impending collapse and reordering…we could use some optimism.
Once you’ve done enough of your PoW study of bitcoin, you realize Bitcoin brings you optimism, hope and peace when thinking about the future.
Unlike traditional savings mechanisms (IRA, 401k, brokerage accounts…) that look something like this, fighting to not only keep up with, but surpass, inflation:
Bitcoin plugs those holes (as we previously outlined). Bitcoin allows you to generationally store your wealth, your work, your energy, without fear of it being inflated away.
Now, how do you hold bitcoin in a retirement account? Here are some options:
Unchain Capital Roth IRA product
Swan IRA product
Microstrategy, Grayscale Bitcoin Trust (GBTC), Mining companies…
Hopefully this goes without saying, but not financial advice. ^
Important Note!
If you are thinking about including bitcoin in your will or a legal document, Current language in wills is “digital assets.” However, this could mean: pictures, files, etc. The language is outdated, so it’s better to be clear and specify “bitcoin.” And, if you want to get even further, set up trust so your assets don’t go through probate.
Again, obviously, I’m not a lawyer so the above is just food for thought, consult an expert. As I said at the beginning, “Don’t Trust, verify.”
