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Optimizing Your IRA Investments: Things to Consider

TLDRWhen considering moving your Bitcoin IRA funds, it’s important to be aware of the custodian's reputation and security measures. Prime Trust, previously affiliated with I Trust Capital, faced bankruptcy due to a security incident. They are now operating under Fortress Trust, but transparency is limited. It's crucial to research and choose a reliable custodian for your IRA investments.

Key insights

💼Research the reputation and security measures of custodians for your IRA investments.

🔒Prime Trust, previously affiliated with I Trust Capital, faced bankruptcy due to a security incident.

🛡️Fortress Trust is currently the custodian for I Trust Capital, after acquiring Prime Trust.

Transparency and information around these custodians' practices are limited, raising concerns about their reliability.

📚Prioritize research and choose a trustworthy custodian to safeguard your IRA investments.

Q&A

What happened to Prime Trust, the custodian for I Trust Capital?

Prime Trust faced bankruptcy due to a security incident and is no longer the custodian for I Trust Capital.

Who is the current custodian for I Trust Capital?

Fortress Trust is the current custodian for I Trust Capital after acquiring Prime Trust.

What concerns are raised regarding these custodians?

Limited transparency and information about their practices raise concerns about their reliability.

How should I approach choosing a custodian for my IRA investments?

Prioritize thorough research to ensure the reputation and security measures of the custodian are trustworthy and reliable.

Why is it important to choose a reliable custodian?

A reliable custodian will safeguard your IRA investments and provide peace of mind.

Timestamped Summary

06:53It's important to research the reputation and security measures of custodians for your IRA investments. Prime Trust, previously affiliated with I Trust Capital, faced bankruptcy due to a security incident. They are now operating under Fortress Trust, but transparency is limited. It's crucial to research and choose a reliable custodian for your IRA investments.