FuelGems raised almost $800k! We excited to be one of the top campaigns on Wefunder. 4 days left to invest!
I am providing the following info because it seems it can bring real investment value to some investors. Wefunder made an intro to their partner company Alto IRA. I spoke to Alto and had an email exchange with them. The product they offer seems interesting. It allows investors an easy way to diversity their portfolio and get tax breaks. I had a conference call and an email exchange with Also’s representative and here is what she wrote:
“Investors never pay taxes on gains in a Roth IRA, and will pay taxes later (upon retirement or withdrawal) in a Traditional IRA. That way, any gains can be reinvested and grow tax-advantaged.
The incentive to doing this is that it is part of individual investors annual retirement planning (individual investors may make a contribution up to $6k a year) which in turn will be tax-advantaged. To be specific, a Traditional IRA contribution is tax deductible and can grow until withdrawal without being taxed. A Roth IRA contribution is pre-tax and can grow tax-free in an IRA until withdrawal. In both cases, any gains or distributions from individual investors investment can be reinvested without paying capital gains or income tax. The famous example here is Peter Thiel, who invested in Facebook in his Roth IRA and never had to pay capital gains tax when his investment grew to $1 billion. Here is a walkthrough on investing on Wefunder, for exact steps.”
Just in case here is their support email: email@example.com
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