You can now use an IRA to invest on Wefunder!
We recently integrated with Alto so investors can invest in startups with their IRA. Alto is an IRA custodian that lets individuals choose from a diverse portfolio of alternative assets like startups, real estate, and marketplace loans.
For most people, IRAs and 401(k)s make up a huge portion of their savings. Today, there is $20 trillion held in retirement funds, which make up 90% of all savings in the United States.
1. If you have a Traditional or SEP IRA, you can use your pre-tax dollars to make your Wefunder investments. All other payment methods, including an Alto Roth IRA, use after-tax dollars.
2. Investments on Wefunder are typically long-term, making them a good match for IRAs because returns can compound over time.
3. Having assets that aren’t correlated with the stock market helps diversify your portfolio to unlock potential returns in the private market.
To invest with an IRA on Wefunder, first open an AltoIRA.
Investing via an AltoIRA is only available for startups raising on a Convertible Note, SAFE, or Stock contract.
For a step-by-step guide on how to use your AltoIRA to invest on Wefunder, or to learn more about pricing, head over to Alto’s help center.
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