One of my early investors at @teachable invested $10K in our seed round via his Roth IRA
When we sold the company, that was worth ~$200K paid to his Roth with 0 taxes
Here's a step-by-step guide on how to invest in any startup on @AngelList from your Roth IRA:
When we sold the company, that was worth ~$200K paid to his Roth with 0 taxes
Here's a step-by-step guide on how to invest in any startup on @AngelList from your Roth IRA:
1 - Create a Self-Directed Roth IRA on @carryhq_
We support regular Roth IRA's (to invest in stocks + ETF's) along with self-directed Roth IRA's to invest in crypto, startups etc.
Make a deposit into the Roth IRA or transfer dollars from another account into it
We support regular Roth IRA's (to invest in stocks + ETF's) along with self-directed Roth IRA's to invest in crypto, startups etc.
Make a deposit into the Roth IRA or transfer dollars from another account into it
2 - Create a new investment on @carryhq_ and choose Invest in Alternative Assets
Enter the investment dollar amount and choose "Startup Business"
Add a memo for yourself and enter the name of the company you want to invest in
Enter the investment dollar amount and choose "Startup Business"
Add a memo for yourself and enter the name of the company you want to invest in
3 - On the @AngelList RUV or SPV, find the section that says Download Closing Docs
Take the document packet and upload it directly on Carry
On Angellist, under the question "How will you be investing?" choose Through a Self-Directed IRA
Take the document packet and upload it directly on Carry
On Angellist, under the question "How will you be investing?" choose Through a Self-Directed IRA
4 - As you go through the Angellist form, choose American Estate & Trust as the custodian
AL will pre-populate most of the information for you & all you need to do is add your personal information
You only need to do this one time, and every subsequent investment gets easier!
AL will pre-populate most of the information for you & all you need to do is add your personal information
You only need to do this one time, and every subsequent investment gets easier!
5 - For Tax Information, enter the following information:
- US Person
- Federal Tax Classification: Trust / Estate
- Tax ID Number: (EIN) 20-8936642
- Address: 6900 Westcliff Dr., Ste 603, Las Vegas, NV 89145
You should then be directed to a screen with wire information!
- US Person
- Federal Tax Classification: Trust / Estate
- Tax ID Number: (EIN) 20-8936642
- Address: 6900 Westcliff Dr., Ste 603, Las Vegas, NV 89145
You should then be directed to a screen with wire information!
6 - Final step: Go back to @carryhq_ and enter the wire information from @AngelList
Copy and paste the Angellist instructions including:
- Company Name: Angellist
- Account Holder Name: FBO Angellist - Your Name
- Copy & paste the memo + account numbers exactly
That's it!
Copy and paste the Angellist instructions including:
- Company Name: Angellist
- Account Holder Name: FBO Angellist - Your Name
- Copy & paste the memo + account numbers exactly
That's it!
Your investment is submitted & we'll reach out and complete it on your behalf
For subsequent investments on Angellist, most of the information is pre-populated & it should be much quicker!
And since it's made from a Roth IRA, you won't have to pay any taxes on it in the future
For subsequent investments on Angellist, most of the information is pre-populated & it should be much quicker!
And since it's made from a Roth IRA, you won't have to pay any taxes on it in the future
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