Topic: Bitcoin to fund 529 College Savings Plan (Read 326 times)
It looks like the last reply was quite a few years ago but it seems that it is still difficult to find a Wall Street firm that will hold BTC or crypto assets in a 529 plan. Hoping I'm wrong here -- please let me know if I am.
Hello, 529 plans are generally sponsored by the individual states and, as i am aware, there is no means to "deposit" cryptocurrency (or other property for that matter) into the trust. With a self-directed IRA you can deposit cryptocurrency, but you take a penalty if you withdraw before 59 1/2 years you take a penalty. thus, it could work for your purposes depending on when you need to pay for college. Setting up a self directed ira is easy, but typically cannot be done directly through the ira sponsor. i hope this helps. AT
Is anyone out there aware of any financial services organizations that will accept BTC to fund a 529 college savings plan? I know Fidelity Charitable will accept BTC to fund a donor advised fund, but doesn't look like the main branch will yet accept BTC otherwise.
I'd be surprised if there isn't at least one enterprising 529 plan out there, but can't seem to find one.
I'd be surprised if there isn't at least one enterprising 529 plan out there, but can't seem to find one.
Jump to: