IRAfi Crypto Promotion FAQ

IRA Financial’s IRAfi Crypto clients earn a 1% match (Match) on all new IRA, 401(k), HSA, or Coverdell contributions, transfers, or rollovers from a non-IRA Financial Trust Company institution to IRA Financial Trust Company starting on February 4, 2025, through March 31, 2025. The maximum amount to be paid under the Match program is $1,000 per person.

How do I qualify?

To receive the Match, the IRAfi Crypto account must be opened by March 31, 2025, and funded by April 30, 2025, with the first investment trade of at least $1,000 completed by April 30, 2025. Funds cannot rollover from an existing IRA Financial account.

The Match will be deposited into the IRAfi Crypto account by May 31, 2025. In addition, you must keep your assets in your IRA Financial IRA for at least two years, otherwise you may be subject to an early match removal fee.

How do I calculate my net deposits?

You can calculate your net deposits by adding up all your IRA contributions, inbound IRA transfers, or 401(k) rollovers initiated between February 4, 2025, through March 31, 2025, and subtracting all IRA transfers out of IRA Financial Trust Company between the same dates.

How is the transfer IRA match calculated?

When your retirement account contribution/transfer/rollover is complete, the amount of the match is calculated based on 1% of the total of new transferred retirement cash into IRA Financial Trust Company.

When your 401(k) rollover completes, the match will be calculated based on 1% of the total rollover amount.

Keep in Mind: You can only earn the 1% match on net new transfers from an external institution into your new IRA Financial IRAfi Crypto account.

How long does it take for IRA transfers and 401(k) rollovers to complete?

For IRA transfers, after we receive an account transfer request, it typically takes 5-10 business days for the transfer to be completed in your IRA Financial account. Whereas 401(k) rollovers, which must be initiated by the client, could take several weeks to complete.

Keep in mind: We don’t charge a fee to transfer assets in. However, your outside retirement account may charge you a transfer fee to transfer your assets.

If your other retirement or 401(k) plan administrator charges a direct rollover fee, that’s not eligible for reimbursement.

When will I get the Match?

We’ll deposit your 1% Match after the eligible deposits settle in your account by May 31, 2025. The IRA match is treated as interest income in your IRA. We won’t deliver a 1099-INT due to the tax status of IRAs.

Terms & Conditions

IRA Financial Group LLC (“IRA Financial”) and the IRAfi Crypto account is subject to these Terms & Conditions.

Eligibility. IRA Financial’s IRAfi Crypto is only available to customers who: (1) have successfully opened a Self-Directed Individual Retirement Account (SDIRA), Solo 401(k), HSA, or Coverdell, that is offered by IRA Financial Trust Company and custodied at IRA Financial Trust Company, and (2) have contributed new retirement funds in the form of a transfer of cash via a contribution, transfer, or rollover from a qualified account at an institution other than IRA Financial Trust Company, such as an external IRA or employer plan.

Offer. IRA Financial’s IRAfi Crypto clients earn a 1% match (“Match”) on all new IRA or 401(k) contributions or rollovers to IRA Financial starting on February 4, 2025, through March 31, 2025. The account must be opened by March 31, 2025, and funded by April 30, 2025, with the first investment trade completed by April 30, 2025. Funds cannot be rolled over from an existing IRA Financial account. The IRAfi Crypto 1% Match will be deposited into the IRAfi Crypto account by May 31, 2025. In addition, you must keep your assets in your IRA Financial IRA for at least two years, otherwise you may be subject to an early match removal fee.

Limitations. If a customer has received an IRA Financial 1% Match, and he or she transfers or distributes, for any reason, some or all of their IRA Financial retirement funds from his or her crypto account outside of IRA Financial Trust Company prior to the earn-out period of two (2) years from receiving their IRA Financial IRAfi Crypto IRA Match, a non-taxable IRA match early removal fee equal to the amount of the Match received will apply to the IRA as payment for services from IRA Financial, separate from and above any other fees, and this IRA Match early removal fee will be the amount that the customer has received via the IRA Financial IRAfi Crypto Match for any match received over the previous two years. The IRAfi Crypto Match early removal fee will be calculated with respect to all of the customer’s IRA Financial Trust Company accounts. Any distribution outside of IRA Financial Trust Company will potentially initiate the IRAfi Crypto early removal fee, including distributions that may be required by law such as required minimum distributions. However, the IRAfi Crypto 1% Match early removal fee will apply if the customer initiates a transfer or distribution request, and the customer’s IRAfi Crypto balance has decreased, for any reason including investment losses, to less than their IRA Financial Trust account deposits plus any IRAfi Crypto match they have received. If the customer has cash available in their IRA Financial Trust account, this crypto IRAfi Match early removal fee will be deducted from their available cash balance. If the customer has insufficient cash available in his or her IRA Financial Trust Company retirement accounts to pay the IRAfi Crypto match early removal fee, this fee may be debited from his or her outgoing financial institution.

The IRAfi Crypto 1% Match will not be granted with respect to contributions, transfers, or rollovers from another financial institution if, during the “offer period,” a customer’s withdrawals or transfers out of the IRAfi Crypto account are equal to or greater than the customer’s transfers to the IRA Financial Trust Company retirement accounts at other financial institutions.

In the event that IRA Financial determines, in its sole discretion, that there may have been fraudulent activity or a violation of these Terms in connection with the IRAfi Crypto Match, IRA Financial reserves the right to either decline to grant the IRAfi Crypto Match, or to rescind or liquidate the IRAfi Crypto Match, or any related dollar proceeds derived from the IRAfi Crypto Match, and via these Terms, the customer directs the removal, transfer, and potential liquidation from his or her IRA Financial Trust retirement account. The IRAfi Crypto 1% Match will be deposited into the IRAfi Crypto account by May 31, 2025, though this timeline may be delayed in IRA Financial’s sole discretion if, for example, IRA Financial determines that there are indications of fraud or a violation of these Terms.

The IRAfi Crypto 1% Match is not a recommendation of any investment or investment strategy and is not a recommendation that a customer roll over or transfer assets into an IRA Financial Trust Company retirement account. By participating in the IRAfi Crypto 1% Match, the customer represents that neither IRA Financial nor any IRA Financial affiliate has recommended any rollover or transfer to IRA Financial Trust Company. A rollover is one of four options, and other options include leaving the customer’s money at the old employer plan, moving it to the new employer plan, or cashing out. Please consult here for further guidance.

IRA Financial, through the IRAfi Crypto 1% Match, does not intend to provide the benefit of deferred compensation or to create an employee pension benefit plan under ERISA.

IRA Financial reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is not transferable, saleable, or valid in conjunction with certain other offers and is available to U.S. residents only. The offer is only available for personal use, and may not be used for commercial purposes.

Taxes. IRA Financial processes and treats the IRAfi Crypto 1% Match as interest earned by the IRA Financial Trust Company retirement account for tax reporting purposes. The interest amount is based on a percentage of contributions made into the IRA Financial Trust Company retirement account. The interest earned by the IRA Financial Trust retirement account will not be subject to, or impact, the maximum annual dollar contribution limit or the maximum annual deductible amount. Please note that the IRAfi Crypto 1% Match may be taxable income for conversions of a non-deductible IRA contribution to a Roth IRA.

IRA Financial does not provide tax advice. You are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this bonus award and the deposit of the bonus award in your account. Any taxes resulting from the bonus award are your responsibility.