Using Casa for a self-directed IRA

A self-directed IRA (individual retirement account) is a retirement account option provided by some financial institutions in the United States. A self-directed IRA allows you to store alternative investments like bitcoin or ethereum for retirement savings in an account that you control. 

Some U.S.-based customers who want the most secure storage solution for the funds associated with their self-directed IRA choose to use Casa.

Casa is not a financial institution, and we are not tax professionals or financial advisors. Because of this, we recommend that you consult a tax professional when considering Casa to secure the funds in your self-directed IRA. How you store and move funds can have tax implications. 

Can I use Casa for my own self-directed IRA?

Yes! You can use Casa to store the funds associated with your self-directed IRA if you and/or your tax advisor have determined that it meets the legal requirements of a self-directed IRA. 

There are some important points to note when considering this:

  • You should store the funds associated with your IRA in a unique Casa account using a unique set of keys.
    • While Casa does have the ability to create multiple separate vaults within a single Casa account with a feature we call Subaccounts, and the funds in separate subaccounts do not commingle, they do use the same keys as the primary account, so we still recommend having a unique Casa account for your IRA. In the future, we may be able to update subaccounts and allow them to store funds for your IRA as part of your main personal account.
  • You should avoid using any personal funds (e.g., a personal credit card) to pay for your IRA's Casa membership. It's better to pay using your self-directed IRA's debit card, or with funds owned by your IRA.

If you don't yet have a Casa account, we recommend first signing up for a separate service like Choice by Kingdom Trust, a retirement account service, prior to signing up for Casa. 

Choice by Kingdom Trust pays the Casa membership fee on your behalf, to meet the requirement of not using personal funds to pay for your self-directed IRA. 

If you already have a Casa account, we also recommend signing up for a service like Choice by Kingdom trust, and then later opening an additional Casa account. 

How do I learn more about Choice by Kingdom Trust? 

You can learn more about our partnership with Choice by Kingdom Trust by clicking here.

What if I prefer to set up my own self-directed IRA?

That's perfectly fine, and you can still use Casa to hold your funds! We recommend talking to a professional about this.

Can I still benefit from Casa's Refer-a-friend program?

If you're a Choice customer, you can still refer friends to Casa! Every friend you refer will still receive an instant discount on their first year of membership. However, because technically your account is through Choice, you will not receive the referral discount on your next renewal. Likewise, if a friend refers you to Casa and you sign up via Choice, you'll still need to pay the full first year membership payment to Choice.

If you are not a Choice customer, though, and you pay for your membership using a credit card or debit card, you will be eligible for referral bonus discounts.

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