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Chris Kline

๐Ÿ‘ค Speaker
1132 total appearances

Appearances Over Time

Podcast Appearances

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

But I gave him that and I did the math because every time Steve outside of his IRA did it, he had to ante up 25 to 30% taxes on the capital gains.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So now the next time he went into the market, his purchasing power was 25 to 30% less.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

so he if there was a hundred thousand dollars now he's only got seventy thousand dollars meanwhile john sitting his ira has still has the full hundred thousand because he didn't have a tax bill you take that across four or five years and you give him five or six trades the gap now even though steve feels great because he's like well i'm a genius i got into bitcoin and i i'm up to 25 million dollars john's over here smiling because he's at 45 50 million dollars just because he didn't have that drag capital gains

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So with the solo case in particular, that's a great tool.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

You can borrow up to 50% of the value.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So imagine, and we're starting to get this at Bitcoin IRA.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

We're launching companion accounts next month.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

What's that?

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So many people are coming to us and saying, hey, I love the program, love the security, love the service.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

I have a whole bunch of Bitcoin sitting either on a ledger device or...

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

I hate when I hear this still on a hot exchange like Coinbase or Kraken or something, and I'd like to put it inside the system.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

Do you guys offer non IRA services?

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

And we've gotten more and more people asking for that.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So we've we've now built out.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

So anytime you open an IRA with us, it's like ordering a Presidente Margarita.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

You get a sidecar.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

Now you've got the side companion, your non IRA account open and eligible for you.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

what's really cool is we have partnered with um lending usa which is a group that we've worked with for years uh to allow folks with those companion accounts to borrow as and use your bitcoin as collateral which is i think there were two themes from the conference most of its financialization yield on bitcoin and other assets and uh the the financialization tool to use my holdings to get more money so i can go make real estate investments other asset investments whatever it might be leverage the power of my smart decisions

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

It's the same tool that people use with trust accounts, too.

The Pomp Podcast
How Smart Investors Turn Bitcoin Drawdowns Into Tax Wins | Chris Kline

If you look at any of the uber wealthy that are out there, they never have income.