Alto IRA Review 2023
|By: Jeremy Biberdorf||Sep 27, 2022|
In a nutshell: Alto IRA is a company that allows investors to invest in alternative investments through their IRA. Choose what you invest in and no longer be limited by stocks, mutual funds, and ETFs. Hold assets like rental properties, gold coins, collectibles, art, cryptocurrencies, and other alternative investments in your tax-advantaged IRA account.
Read our Alto IRA Review and see why we give it 4 out of 5 stars.
|Alto IRA Fees||Cost|
|Account Fee||$10 per month ($100/yr)||Partner Investment Fee||$10 per investment executed by Alto IRA||Account Closure||$50||Investment Partners||Fees vary|
- Self-directed retirement accounts
- Diversify your Portfolio
- Simple Flat Monthly Fee ($10/month)
- Low Investment Minimum with most Partners
- Most investment partners are new companies
- Limited proof of success
- Only Alternative Investments - no stocks/ETFs/Bonds
Compare to Other Investment Platforms
Account Fee$10 per month ($100/yr)
Fees1.5% Per Year + 20% Of Profit
Alto IRA Overview
Alto IRA was founded by Eric Satz and is based in Nashville, TN. Alto IRA was launched in 2018 and they have two main divisions. The Alto IRA and the Alto CryptoIRA. Their Alto CryptoIRA allows investors to hold cryptocurrencies in an IRA. Alto CryptoIRA is a joint program with Coinbase. Coinbase is one of the largest cryptocurrency exchanges available.
This Alto IRA review will primarily focus on Alto IRA’s division for alternative investments and not their crypto IRA. The Alto IRA is a type of self-directed IRA that is held by a custodian (a financial company) that allows the investor to hold assets that aren’t normally held in IRA accounts.
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What are alternative investments and why should you consider them?
Alternative investments are those that fall outside the traditional assets of stocks, bonds, and cash. They can include everything from real estate and venture capital to commodities and hedge funds. While alternative investments may be less liquid than traditional assets, they can offer the potential for higher returns. For this reason, many investors allocate a portion of their portfolio to alternative investments.
One alternative investment that has gained popularity in recent years is cryptocurrency. Cryptocurrency is a digital or virtual asset using cryptography to secure transactions. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. While the price of the cryptocurrency can be volatile, some investors believe that it has the potential to generate significant returns over time.
Another alternative investment is real estate. Real estate investing involves the property’s purchase, ownership, and operation to generate rental income or capital appreciation. Common real estate investments include residential properties, commercial properties, and vacation rentals. Real estate investing can offer many benefits, including passive income, tax breaks, and the potential for long-term appreciation. However, it is important to remember that real estate investing is a long-term commitment and not suitable for everyone.
If you are considering adding alternative investments to your portfolio, it is important to do your research and consult with a financial advisor. Alternative investments can help you diversify your portfolio and potentially achieve higher returns, but they also come with risks. As with any investment decision, it is important to understand the risks involved before making any decisions.
Using an IRA
One of the best ways to grow your money is to invest it in an IRA. IRA
stands for Individual Retirement Account, and there are several different types that offer different tax advantages. With a traditional IRA, you pay no taxes on your contributions until you take a distribution, and with a Roth IRA, you pay no taxes on your gains.
The advantage of a Roth IRA is that you can withdraw your money at any time without having to pay taxes on it. However, if you withdraw money from a traditional IRA before you reach the age of 59½ , you will have to pay taxes on it plus a 10% early withdrawal penalty.
So, which IRA is right for you? It depends on your tax situation and what you want to do with your money. If you want to grow your money without having to worry about taxes, a Roth IRA might be the best choice. However, if you are saving for retirement and don’t want to pay taxes on your distributions, a traditional IRA might be a better option. Whatever you decide, an IRA can help you grow your money.
When it comes to investing in crypto, there are a few different options available. One is to invest in a crypto fund. Most crypto funds require you to be an accredited investor and usually have a specific partner. Another option is to invest in a CryptoIRA. The Alto CryptoIRA is a tax-advantaged account that is integrated with Coinbase. This allows for direct trading of more than 200 coins and tokens. There is also an insurance policy that covers Coinbase. Most crypto funds typically offer only a handful of digital assets, so the Alto CryptoIRA might be the better option if you’re looking to invest in a wider range of assets.
Alto IRA Partners
The key to Alto IRA’s success is how they have integrated with a vast network of partners. Below is only a sample of some of their current offerings.
- AcreTrader is a crowdfunding platform for accredited investors looking to invest in farmland with a $10,000 minimum investment.
- AngelList offers accredited investors a chance to invest in startups with a $1,000 minimum.
- Capital Engine is a marketplace for venture capital, crypto projects, and other alternative investors. You don’t need to be accredited to start with Capital Engine but you will need $1,000 minimum.
- FarmTogether is another farm focused investment opportunity for accredited investors ready to start with $15,000 minimum.
- Republic is a startup investment platform that allows anyone to be an angel investor with a low $100 minimum.
- Masterworks allows you to hold fine art in your portfolio and you can even buy shares of art. You don’t need to be accredited, but a $10,000 minimum is required.
It is also important to remember that Alto IRA doesn’t necessarily endorse or completely vet these partners’ investments. You still need to do your own due diligence when working with these options. Alto IRA is simply the IRA custodial that allows you to hold these investments in tax-advantaged accounts.
You could, for instance, open an account with some of these investment partners previously mentioned, without going through Alto IRA but you would then have a taxable account. It’s normally advantageous to hold assets like gold, real estate, and crypto within an IRA. Please remember that neither Alto IRA or Modest Money are licensed financial advisors.
Why should you invest with Alto IRA?
-Invest in what you’re passionate about with Alto IRA
-Diversify your retirement portfolio with alternative investments
-Gain access to exclusive investment opportunities through Alto IRA
-Keep more of your money by avoiding taxes on alternative investments
In conclusion, we hope this Alto IRA Review has helped you make an informed decision when choosing your alternative IRA investment partner. As we have seen, Alto offers a number of advantages, including low fees, a wide range of investment options, and flexible account terms. However, it is important to remember that no single IRA provider is right for everyone. Be sure to carefully consider all of your options before making a final decision.