The topic for today is Controlling Your Future Through Self-Directed Retirement. Unfortunately, self-directed retirement is the most under-utilized investment vehicle in the US. These vehicles allow investors to supercharge their returns by taking full control over their retirement savings. This is only of many reasons I am very excited to get into this topic. First, we are going to discuss what self-directed retirement accounts are, how you can use them, and, more importantly, how you can NOT use them.
As you will tell from this interview, creating a SDIRA allows you to invest in virtually anything while maintaining your plan’s tax-advantaged status. However, with this power comes great responsibility. Because of this, we want to make sure that we don’t make any major errors, which are usually called “prohibited transactions.”
Towards the end of the interview, we discuss some common financial situations and discuss some of the best retirement structures for that situation. However, one thing to keep in mind is that we are absolutely NOT in the business of providing financial advice. Just like every episode, these discussions are for illustrative purposes only, and you should always consult with your CPA before taking action, especially as it relates to Self-Directed IRA funds.
Feel free contact our guest Kaaren Hall from uDirect Services: udirectira.com/contact-us/
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