As a passionate follower of the latest developments in the cryptocurrency world, I am thrilled to share the exciting news about KindlyMD's recent shareholder approval for its merger with the renowned Nakamoto Holdings Inc. This strategic move not only signifies a significant milestone for both companies but also paves the way for a groundbreaking transformation in the realm of Bitcoin treasury management.
The Path to Progress
A New Era in Bitcoin Treasury
KindlyMD's shareholders demonstrated overwhelming support for the merger, culminating in a pivotal moment on May 18, 2025. With the SEC's review underway and an informative statement in the pipeline for shareholders, the merger is set to be finalized in the third quarter of 2025, heralding a new chapter in the companies' journey.
Empowering Shareholders with Bitcoin's Potential
Visionary Leadership
David Bailey, the visionary Founder and CEO of Nakamoto, expressed his gratitude for the shared vision with KindlyMD. His aspiration to integrate Bitcoin into corporate balance sheets worldwide aligns perfectly with KindlyMD's commitment to revolutionize healthcare through data-driven strategies.
Redefining Capital Markets
Innovative Strategies for Growth
Nakamoto's strategic approach involves cultivating a diverse portfolio of Bitcoin-centric companies to reshape the landscape of capital markets. By focusing on treasury management and strategic acquisitions, Nakamoto aims to position Bitcoin at the core of global financial infrastructure.
Uniting Healthcare and Innovation
A Holistic Healthcare Model
KindlyMD's distinctive healthcare model emphasizes personalized treatment and education on alternative medicine to combat opioid dependency effectively. With services reimbursed by major insurance providers, KindlyMD's integration with Nakamoto promises a revolutionary approach to healthcare management.
Tim Pickett, the CEO of KindlyMD, echoed the sentiment of strategic alignment, highlighting the merger's potential to enhance the company's value proposition. By leveraging Bitcoin's prominence and utility, the combined entity is poised to deliver sustainable, long-term benefits to its stakeholders.
Embrace the future of Bitcoin-powered innovation and healthcare transformation with KindlyMD and Nakamoto. Join us on this exciting journey towards unlocking the true potential of digital assets and integrated healthcare solutions. Your participation is key to shaping a future where innovation meets impact.
Frequently Asked Questions
How can I withdraw from an IRA with Precious Metals?
You may consider withdrawing your funds if you have an account with a precious metal IRA company such as Goldco International Inc. You can sell your metals at a higher price if they are still in the account than if you left them there.
Here's how to withdraw your precious metal IRA money.
First, determine whether the precious metal IRA provider allows withdrawals. Some companies permit this, while some don't.
The second step is to determine if selling your metals will allow you tax-deferred gain. Most IRA providers offer this benefit. However, some don't.
To find out if fees apply, thirdly check with your precious-metal IRA provider. You may have to pay an additional fee for the withdrawal.
Fourth, ensure that you keep track your precious metal IRA investment for at least 3 years after selling them. For capital gains to be calculated, wait until January 1, each year. Follow the instructions on Form 8949 to calculate the gain.
The IRS requires that you report your sale of precious metals. This will ensure that you pay taxes on any profit earned from your sale.
Consult a trusted attorney and accountant before selling your precious materials. These professionals can ensure that you adhere to all procedures and avoid costly errors.
What are the pros and cons of a gold IRA?
If you want to diversify your holdings but aren't able to access traditional banks services, a gold IRA is a great option. It allows you to invest in precious metals such as gold, silver, and platinum without paying taxes on any gains until they're withdrawn from the account.
However, early withdrawals of funds will incur ordinary income tax. These funds are not held in the country so creditors cannot seize them if you default on your loan.
If you are looking to own gold without worrying about taxes, a golden IRA could be for you.
Can I store my gold IRA in my home?
An online brokerage account can be a great way to save your money. You have all the investment options you'd get if you had a traditional broker. However, you don't require any licenses or qualifications. You won't pay fees to invest.
Many online brokers also offer tools that can help you manage your portfolio. To see the performance and trends of your investments, you can download charts from these brokers.
How to Open a Precious Metal IRA
You can open an IRA in precious metals by opening a Roth Individual Retirement Account (IRA), which you can self-direct.
This account is more advantageous than other types of IRAs, because you don’t have to pay taxes on any interest earned from your investments until they are withdrawn.
People who are looking to save money and still need a tax break will find it attractive.
You are not limited to investing in gold or silver. You can invest in whatever you like, provided it conforms to IRS guidelines.
People often think of silver and gold when they hear “precious metal” but there are many other precious metals.
These include palladium, platinum, rhodium,osmium,iridium, andruthenium.
You have many options to invest in precious metals. These include purchasing bullion coins and bars, as well as shares in mining companies.
Bullion Coins & Bars
One of your easiest ways to get into precious metals is to purchase bullion coins. Bullion is a general term that refers to physical ounces of gold and silver.
You get actual bullion bars and coins when you purchase bullion coins.
Although you may not be able to see any change immediately after purchasing bullion bars and coins at a shop, you will soon notice some positive effects.
You'll be able to see a piece tangible of history. Every coin and every bar has a unique story.
The face value of a coin will often be lower than its nominal worth. When it was first introduced in 1986, the American Eagle Silver Coin cost only $1.00 per troy ounce. Today, however the American Eagle's silver coin is worth closer to $40.00 an ounce.
Many investors prefer bullion coins and bullion bar to futures contracts because of the dramatic increase in bullion's value.
Mining Companies
For those who want to purchase precious metals, another option is investing in shares of mining companies. When you invest in mining companies, you are investing in the company's ability to produce gold and silver.
In return, you will receive dividends based on the company's profits. These dividends are then used to pay shareholders.
The company's growth potential will also be of benefit to you. The share prices of the company should rise as more people buy the product.
Because these stocks fluctuate in price, it's important to diversify your portfolio. This allows you to spread your risk among multiple companies.
It's important to remember, however, that mining companies can still be subject to financial losses, just as any other stock market investment.
Your ownership stake could become worthless if the price of gold falls significantly.
The Bottom Line
Precious metals such silver and gold provide an economic refuge from uncertainty.
But, silver and gold can be subject to price swings. If you're looking to make a long-term, profitable investment in precious metallics, then consider opening a precious precious metals IRA Account with a reputable business.
You will be able to take advantage of tax incentives while also benefiting from physical assets.
What is the best way to make money with a gold IRA?
The answer is yes, but not as much as you think. It depends on what level of risk you are willing take. If you are comfortable investing $10,000 annually for 20 years, you could potentially have $1 million at retirement age. But if you put all your eggs in one basket, you'll lose everything.
You need to diversify your investments. Gold does well when there is inflation. You should invest in an asset that increases with inflation. Stocks perform this well because they rise whenever companies increase their profits. This is also true for bonds. They pay interest each year. So they're great during times of economic growth.
What happens if there is no inflation? During deflationary periods, bonds fall in value while stocks fall further. Investors should not put all of their savings in one investment such as a stock mutual fund or bond.
Instead, they should consider investing in a mixture of different types and funds. They could, for example, invest in stocks and bonds. They could also invest both in bonds and cash.
By doing so, they are exposed to both the positive and negative sides of the coin. Both deflation and inflation. They will still see a return in time.
Are gold and silver IRAs a good idea?
This is a great option if you're looking for an easy way of investing in both silver and gold simultaneously. There are other options as well. Please feel free to reach out to us with any questions. We are always here to help!
Statistics
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- The maximum yearly contribution to an individual's IRAs is currently $6,000 ($7,000 for those 50 years or older), or 100% of earned income, whichever is less. (monex.com)
- To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
- SEP-IRA”Simplified employee pension” For self-employed people like independent contractors, freelancers, and small-business ownersSame tax rules as traditional IRASEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less4. (sltrib.com)
External Links
en.wikipedia.org
takemetothesite.com
kitco.com
regalassets.com
How To
How to transfer your IRA into a gold IRA
Are you looking to transfer your retirement savings out of a traditional IRA in favor of a gold IRA. This article will guide you through the process. Here's how you can do it.
The process of transferring money out of one type of IRA (traditional) and into another (gold) is called “rolling over.” Rolling over an account has tax benefits. In addition, some people prefer investing in physical assets like precious metals.
There are two types IRAs – Traditional IRAs (or Roth IRAs). The difference is simple. Traditional IRAs allow investors the ability to deduct taxes whenever they withdraw their earnings. Roth IRAs are not. If you put $5,000 into a Traditional IRA today, after five years you can only withdraw $4,850. However, if you put the same amount into a Roth IRA you would be able keep every penny.
These are the things you need to know if your goal is to convert from a traditional IRA or a gold IRA.
You must first decide whether you want to transfer funds from one account to another or roll over your current balance to a new account. If you transfer money, income tax will apply to any earnings exceeding $10,000. But if you choose to roll over your IRA, you won't be taxed on those earnings until you reach age 59 1/2.
Once you have made up your mind, it is time to open a brand new account. It is likely that you will be asked to prove your identity by providing proof such as a Social Security card or passport. You will then need to fill out paperwork proving that you have an IRA. After you have completed the forms, submit them to your bank. You'll be verified and given instructions on where you can send your wire transfers and checks.
Now comes the fun part. You'll deposit cash into your new account and wait for the IRS to approve your requests. After approval, you'll receive a letter stating that funds can be withdrawn.
That's it! You can now relax and watch your money grow. Keep in mind that if your mind changes about converting your IRA to another type, you can simply close it and transfer any remaining balance to a new IRA.
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