Podcasts about ira how

Most people have never even heard of a self-directed IRA—let alone understand what it can actually do for their financial freedom. With only 5% of IRA holders choosing this path, it raises the question: is the traditional route limiting your investment options? In this episode, we're joined by Aaron Fragnito—real estate investor and founder of People's Capital Group—to demystify self-directed IRAs. He explains how you can invest in real estate, private businesses, and even crypto inside your IRA... while avoiding common pitfalls that could land you in hot water with the IRS. If you've ever wondered whether alternative investing belongs in your retirement strategy, this episode is for you.

"It's not passive, it's your asset and it's your money so you don't just sit back and hope someone else is taking care of your money because no one cares about your money like you do." -Kaaren Hall    Today I am interviewing Kaaren Hall who is the founder of uDirect IRA Services. uDirect helps thousands of people self direct their IRA's into private equity investments such as real estate, notes, performing & non performing debt, crowdfunding and more. Assisting people with taking their retirement out of wall street and into private equity, Kaaren opened uDirect IRA in 2009, just a year after the 2008 downturn. She has presented at many local meetings including my FIBI Pasadena meeting numerous times as well as been a previous guest on my show.    Kaaren Hall: Prior to her career in IRA services and investing, Kaaren was a radio host and a news and on air traffic reporter. She then began working in the banking and real estate industry before taking a leap and beginning her own practice in Southern California. Understanding the importance of retirement and the power of taking care of your own financial freedom, uDirect IRA specializes in helping people create their own future in which they have full control over their retirement and financial freedom.    TOPICS COVERED IN THE EPISODE   Being a woman in a male dominated industry  What are we responsible for  The importance of a morning routine  Inner determination  How do we build discipline  What you can and cannot do with a self directed IRA How do we make this process simple  Learn the rules of the game  New changes in the IRA industry  What is a 529 plan  What is a sep IRA How are people currently being impacted by the recession Has fraud died down  How do contribution limits impact an account What is Finra Broker Check  No one else will care about your money like you Why this is not a passive asset  The importance of multiple streams of income for retirement  What do you need to retire   Listen now and find out how Kaaren found her Real Estate Breakthrough!   The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every other week and learn everything you need to know to invest in real estate on Youtube, iTunes, Spotify, and more. You can watch Kaaren's interview on Youtube here.    Find out more about Kaaren here:    Website uDirectIRA.com Email info@udirectira.com

Financial autonomy meets retirement savings in today's episode featuring Dana Udumulla as we dive into the dynamic world of self-directed individual retirement accounts. Tune in to discover how to transfer your 401k into a self-directed IRA, along with the importance of reflecting, researching, and having a clear sense of your retirement goals in securing your financial future.     Key Takeaways To Listen For Madison Trust Company: Their services and the advantages of working with them How to use your self-directed IRA to invest in real estate What is UBIT and why do investors need to be aware of it Alternative ways to fund your retirement savings account Reasons you should invest in a self-directed IRA vs. a traditional IRA How do you keep track of your IRA-funded investments?     Resources/Links Mentioned In This Episode Charles Schwab Fidelity Investments Merrill Lynch Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Audiobook, and Paperback     About Dana Udumulla Dana Udumulla is an investment manager at Madison Trust Company, specializing in alternative investments and self-directed IRAs with a portfolio exceeding $4 billion. She joined the company in February 2020, and as the manager of the Investments and Compliance Department, she is dedicated to improving departmental procedures, streamlining investment processes, and exploring innovative ventures. Furthermore, Dana holds a Master of Science in Financial Analysis from Rutgers University and a Bachelor's degree in Finance from Ramapo College of New Jersey.     Connect with Dana  Website: Madison Trust Company LinkedIn: Dana Udumulla Mobile Number: 845-400-8454     Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/.     Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554

In this episode of the Smart Buildings Academy Podcast we talk with Abby Massey of Calvetti Ferguson. Abby has a deep understanding of the 179D tax code changes and how they impact the building automation market.  In this episode you will learn: What 179D is The changes to 179D as part of the IRA How you can use 179D to create more retrofit opportunities The requirements of a 179D tax deduction

In the past two episodes, I have talked about financial education for our children and instilling them with a basic working knowledge and literacy when it comes to money. I also discussed in Episode 136 about how you should start saving for retirement in your 20s and how it can be done. But what if you started earlier than that? What if our kids started saving for retirement even before they graduated from high school? In this episode of the podcast, I will talk about how parents can help their children start saving for their retirement and get the earliest start doing it. In this episode you will learn: Why starting your child in saving for retirmenet is a good idea Why a Roth IRA is a better choice How to set up the IRA How to fund the IRA

Self-directed IRA: How to use in real estate, qualifications, and investment optionsThings that people should know about UBITHow Secured Investment Corp helps investors in funding deals and its value in the marketPerforming vs. non-performing notesMajor advantages of investing in non-performing notes The Life & Money Show Spotlight:Your Life & Money: What is one thing you're doing to live a meaningful and intentional life by design?Other's Life and Money: What is one life or money hack that you can share that will make an impact in others' lives right now? Life & Money in the World: What's the one thing you're doing right now to make the world a better place? ABOUT HEATHER DREVESHeather Dreves is the Director of Funding at Secured Investment Corp. She is a tenured employee that has worked in the Private Money Industry for over 15 years and held her Series 63 license. Heather has been directly involved in the sale of over 75 million dollars in Trust Deed Mortgages and raised over 10 million in Secured Investment Corps High Yield Equity Funds. She has had experience in assisting underwriting and managing the Cogo and Servicing team in addition to Investor Relations. CONNECT WITH HEATHERWebsite: Secured Investment CorpEmail: hdreves@securedinvestmentcorp.comPhone: 800-971-5988 (Ext. 1402) To connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!

Welcome back to the Creative Capital Podcast with Josh Ferrari! In this No-Limit Minute segment, I am going to talk about a recent issue regarding the government trying to prevent self-directed IRAs to be used in investments. First, we'll define what an IRA actually is and how much money is on IRAs today in the US. Also, I'll share with you the most recent improvements on this matter and talk about the possible effect of this on the real estate market. Listen in! [00:01 - 07:43] The Unexpected Right Hook to Real Estate Investors   What the government is trying to do regarding the IRA What is the purpose of an IRA? How much money is on IRA nationwide today Investing in an IRA How this issue on the IRA can affect the real estate market Key Quotes:    “We, as multifamily syndicators, are always looking for new capital. We're also always looking for new passive investors, and I can guarantee you, we have a good place that we can put that money. All that to say, retirement account investing, it's possible. They tried to make it not possible, but it is.” - Josh Ferrari You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube    You can also email me at Joshferrari901@gmail.com  For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com   SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.  LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.   Listen to our previous episodes here 

When we think about IRAs, we think of getting income without having to pay taxes at the time the income is earned. Listen to this episode to learn the most important things you should know about the UBIT tax and self-directed IRAs. Key takeaways to listen for An overview of Self-Directed IRAs What is UBTI in an IRA How to assess which transactions trigger the UBTI Tax Resources mentioned in this episode CamaPlan   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here. Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

There seems to be a lot of confusing about what investing is and isn't. Don shares his definition of an investment.Plus we hear from listeners wanting to know:What to do with an inherited IRA?How to build the best possible portfolio at Vanguard?What is the right investment strategy for a wife's Roth?

What do you do if you inherit your Mom's IRA? What if it's a Roth IRA? How does it have to be distributed? What's the best way to handle the resources? In this episode of Retirement Made Easy, I'll let you know how you can handle an inherited IRA (and how the SECURE Act comes into play). You will want to hear this episode if you are interested in... [1:43] How to handle inheriting your Mom's IRA [5:27] Should you take a withdrawal? [6:30] The impact of the SECURE Act [10:01] Is inheriting a Roth IRA different? [14:11] Other important factors to consider [15:48] Why you can't transfer to your own IRA How to handle inheriting your Mom's IRA If your mother passes away and you're the beneficiary of her IRA, where do you start? I recommend that you contact the custodian of the IRA (Fidelity, Charles Schwab, i.e. whatever name is on the statement). You call the 800 number and let them know that your Mom passed away and ask what your next steps are.  They'll likely give you some forms to submit to them with a copy of the death certificate (I always recommend getting a few extra copies of the death certificate—you'll probably need it). When you submit the paperwork, they open a Beneficiary IRA in your name. At that point, the assets are transferred from your Mom's IRA to yours. Be absolutely sure that you're designating beneficiaries for your account.  These forms are tricky and a pain-in-the-neck. If you have a financial advisor, get their help to make sure you're handling it correctly. It often requires a medallion signature or notary stamp. Once it's set up, you'll be able to invest this account however you decide. Since it's an IRA you can change the investments to suit your goals.  How withdrawals from an inherited IRA work Do you have debt you want to pay down? Maybe you want to pay off your home earlier? An inherited IRA brings more resources to the table that you can draw from to pay off other debt such as school loans, auto loans, or credit cards. You can take a withdrawal from this account, and will simply pay income taxes on the withdrawal(s). If you inherit a Roth IRA, any withdrawals are absolutely tax-free. The nice thing is, if you're under 59 ½ the early withdrawal penalty does NOT apply to inherited IRAs. But if you take it out of your own IRA, you get hit with the 10% early withdrawal penalty.  How the SECURE Act changed everything  If you inherited your Mom's IRA in 2019 or earlier, you'd have what's called a Stretch IRA. You'd have to take required minimum distributions throughout your lifetime. You'd be forced to take money out, 3–4% a year, sometimes a lot higher. That all changed with the SECURE Act.  If you inherit an IRA in 2020, you have 10 years to take all of the money out of the account and pay taxes on it. Anything that's left after 10 years must be completely withdrawn. When and how you distribute it is completely up to you and your financial advisor. Your situation will dictate what makes the most sense. Other important factors to consider One important factor to remember is that you may likely inherit other assets as well (checking, savings, CDs, home, etc.). Luckily, as long as your mother listed beneficiaries, the account will NOT go through probate. Secondly, you can't transfer or move your Mom's IRA into your own IRA. They must be kept separate. It's how the government tracks the ten years that you have to remove the money from the IRA.  Listen to the episode as I share some client examples and ideas for how you can distribute the money—or continue to let it grow.  Resources & People Mentioned Get my SECURE Act Summary Connect With Gregg Gonzalez Email at: Gregg@RetireSTL.com Podcast: https://RetirementMadeEasyPodcast.com Website: https://StLouisFinancialAdvisor.com Follow Gregg on LinkedIn Follow Gregg on Facebook Follow Gregg on YouTube Subscribe to Retirement Made EasyOn Apple Podcasts, Spotify, Google Podcasts

Alpesh Parmar is an entrepreneur, real estate investor, business owner, author, mentor, and podcast host who is passionate about wealth, life, and health. Alpesh is Host of the real asset investing Podcast – “Wealth Matters”. Alpesh is also co-author of Amazon # 1 Bestselling book – Resilience: Turning Your Setback into a Comeback. He has invested in the USA, Belize, Panama, Paraguay, and India. He owns and manages a portfolio of duplexes and small to medium-sized apartment buildings in Birmingham, Atlanta, and Dallas markets. In 2018, Alpesh Parmar decided to share his story with others by co-authoring a book with other well-respected authors and industry leaders. This book “Resilience – Turning your Setback into a comeback” hit Amazon # 1 best seller in multiple categories. (00:01-00:55) Opening Segment - Introduction of the speaker, Alpesh Parmar - Alpesh introduces the episode's topic, Different Types of Retirement Plan in the U.S (00:55-1:47) Reasons Why People Need Retirement Plan - Why people work hard? - Retirement plans are not a one-fit-all benefits - What to look for a retirement plan? Retirement Plans that Work for Employees (1:48-05:54) 401K Plan - Alpesh explains what is 401k Plan - How does 401k plan work? - Pros and Cons of 401K plan (05:55-7:48) Individual Retirement Account - What is IRA? - How does IRA work? - Pros and Cons of IRA (07:49-09:25) Roth IRA - What is Roth IRA? - How do Roth IRA works? - Pros and Cons of Roth IRA (09:26-09:43) Retirement Plans that Work for Self-Employed and Business Owners (09:44-10:43) Simple IRA - What is Simple IRA? - How does Simple IRA works? - Pros and Cons of Simple IRA? (10:44-13:22) Simplified Employee Pension (SEP) IRA - What is SEP IRA? - How do SEP IRA works? - Pros and Cons of SEP IRA? (13:25-15:03) Solo 401K vs SEP IRA (15:04-16:40) BREAK (16:41-22:00) Self Directed IRA - What is Self-Directed IRA? - How do Self-Directed IRA works? - Pros and Cons of Self-Directed IRA (22:01-27:48) Second Segment - How to Subscribe to Wealth Matters Newsletter - Reasons why Alpesh do not prefer to invest in retirement plans - Open opportunities you can reach out to Alpesh (27:49-28:12) Closing Segment

What are the rules now when you inherit an IRA? How has the SECURE Act changed things, and what was a stretch IRA? It’s the second installment of our series on the SECURE Act and what it means for your retirement.   Show notes and additional resources: https://coveryourassetskc.com/episode-62-secure-act-changes-part-2-inherited-iras/    Today's rundown:  0:47 - What are inherited IRAs and how does the SECURE Act change it? 3:09 - Other than a few exceptions, you will have to clear out your inherited IRA within 10 years. 4:00 - The money is taken out sooner and therefore taxed sooner. 4:48 - What are the exceptions to the rule? 6:39 - Minor children will have a ten-year timeframe once they meet majority. 7:12 - If you set up your IRAs to list your trust as your beneficiary, you’ll want to talk to an estate planning attorney right away. 10:48 - When you inherit money, that’s not a bad problem to have, but you’ll want some good advice on how to best handle it.

ENTER TO WIN A $100 AMAZON GIFT CARD! US residents, fill out our podcast survey by August 18:  https://www.surveymonkey.com/r/2019ymyw The revamped 2019 tax "postcard," how the SECURE Act could be a tax problem for those with IRA trusts, and is indexed universal life insurance a good investment for education costs? Should you roll your 401(k) to an IRA? How much can you convert from 401(k) to Roth after age 70 and a half? Will you go to jail for filing your taxes before receiving form 5498? Transcript, free financial resources, and show notes: http://bit.ly/YMYW-234

Nate Hare attended Auburn University on a baseball scholarship in 1996 and played in the College World Series in 1997. He graduated from the University of Portland with a Dual Degree in Business Management and Marketing in 2001, and was the recipient of numerous athletic awards from 1995-2000. After college, Nate moved to Nevada where he attended Key Realty School and later held his real estate license with Keller Williams. His love for Real Estate and numbers then led him to a long lasting career as a Senior Loan Consultant in Nevada. He worked with the largest Private Lenders in the state for 6+ years, and was a top producing Consultant with Silver State Mortgage, Meridias Capital, and The Royal Bank of Canada (RBC). In 2003, Nate was submitted as a nominee for the Mortgage Loan Consultant Rookie of the Year award for all Loan Consultants across the nation. In 2012, Nate's experience in lending and real estate attracted the attention of Quest Trust Company, Inc. Nate began his journey with Quest Trust Company to become an IRA Specialist under the guidance of President H. Quincy Long, and CEO Nathan Long. Since that time, Nate has been a key component of Quest Trust Company's 300% growth and has excelled into the role of Executive Vice President. He currently oversees and manages the IRA Specialist Team, Sales and Marketing Department, Transactions Department, as well as plan Quest's large Networking Events that are hosted throughout the nation. Additionally, Nate Hare is a Certified IRA Services Professional as well as an Executive Officer for Quest Trust Companys Board Committee, the 7-member leadership team responsible for setting the corporate strategy, goals, and annual targets for the company. What you'll learn about in this episode: Who Nate and Quest Trust Company are and what sort of work they do to help people invest and grow funds from their retirement accounts Nate explains the difference between a traditional individual retirement account (IRA) and a Roth IRA How contribution limits work, and why contributions are limited but the profits you can gain are not What “entity investing” is, and how ownership of and management of an LLC that is investing your IRA funds is a critical concern What can happen if you are charged by the IRS for a “prohibited transaction”, and how it can be catastrophic for your IRA and for your personal taxes How many investors use their IRAs for wholesaling deals, and why it doesn't take much to contribute to your IRA How to use your small IRA account for the purpose of rehabbing a property, and how your IRA is generally protected from creditors What steps to take to protect your IRA through the use of LLCs, and what actions to avoid taking that could jeopardize your IRA How to get a steep discount on Quest Trust Company's services by mentioning that you heard about them through Ron LeGrand's podcast Additional resources: Website: www.questtrustcompany.com Phone: 1-855-FUN IRAS (1-855-386-4727) Phone: 281-492-3434 (Local call in Houston, TX) Email: iraspecialists@questtrust.com Website: www.thementorpodcast.com/ftdigital

In episode 159 of Financially Simple, Justin looks at several ways to withdraw money from your retirement funds before you're 59.5 years old. If you're needing to dip into your retirement funds before your actual retirement, or even before the 59.5 years old limit, you could incur a 10% penalty on the amount you withdraw. But, there are ways to get around paying that 10%. Justin goes over 10 ways that you can get the money you need from your retirement accounts without paying penalties. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TRANSCRIPTION:  BLOG: Can You Avoid the 10% Early Retirement Penalty? 10 Possible Ways   TIME INDEX: 01:07 - How Do I Take Income From My Retirement Accounts if I retire Before Age 59.5 Without Paying The 10% Penalty? 04:06 - The 59.5 Rule 04:48 - IRA Withdrawal for Medical Expenses 06:31 - IRA Withdrawal to Pay for Health Insurance 07:50 - IRA Withdrawal for a 1st Time Home Purchase 08:35 - If You Are Disabled 09:06 - The 72 T Calculation 10:58 - Leave The Money in The 401K 11:38 - 401K Loan 12:32 - An Inherited IRA 13:27 - ROTH IRAs 15:58 - Wrap Up ________________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! When You Shouldn't Roll Your 401K into an IRA How to Manage an Inherited IRA ________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

THE Jill Schlesinger returns to the basement to talk about three horrible investments people buy: gold, reverse mortgages, and hedge funds. We'll also discuss annuities, permanent life insurance, and other frequent offenders. If you're using any of these products, don't panic! These can all be used successfully in your plan, and Jill will talk about the horrible ways people are tricked into using these products so that you don't make the same mistakes. Then, in our headlines, we'll cover a piece about industry "sheriff" FINRA cracking down on companies offering expensive 529 plans. Companies will have until April to report themselves and avoid potentially big fines. We'll break down the big picture and what it means to you before we field a call from Trim CEO Thomas Smyth. Mastercard is unrolling a new plan to add consumer protections against those tricky "free" trials that we've all fallen pray to at one point or another. We'll dive in with Thomas to figure out what's all going on with the world of subscriptions and hidden fees. We're also throwing out the Haven Life Line to Xandra, who's fully invested in the total stock market index fund. With her 401k, HSA, and IRA taken care of, should she be branching out into emerging markets and small cap growth funds to diversify? We'll field a letter from Huy, who's being doing well with their 401k, but wants to open a Roth IRA. So... what exactly is an IRA? How do you open one? We'll break it down for Huy during out letters segment. And don't worry... we'll still have time for Doug's trivia. Thanks to Omax Health for supporting Stacking Benjamins. Visit Tryomax.com/sb for your free box of Omax3 Ultra-Pure with your first purchase. Thanks to Away for supporting Stacking Benjamins. Go to AwayTravel.com/sb and use the promo code sb to get $20 off a suitcase!

How to Make Money in Your IRA What guidelines should you follow when withdrawing money from an IRA? How do you know if you are withdrawing principal or interest? Is it important?

Listen to This EpisodeIf you’re serious about flipping houses, building wealth for retirement, and slashing the taxes you owe, you NEED to listen to this interview!Honestly, this blew me away…Edwin is an IRA specialist… and let’s just say he’s a genius when it comes to administrating self-directed IRAs. I thought I knew everything I needed to know about my IRA… but I was wrong.Edwin may have just saved me over a million dollars with this one interview. Click the link below to listen!Episode 101: Show NotesA few takeaways from today’s episode.What a self-directed IRA is and how it works…The two categories of IRAs… and why getting the right one makes such a HUGE difference…The type of IRA that 98% of Americans have… and why it’s not the best option…The 4 things that a traditional IRA will allow you to invest in… and how a self-directed IRA opens up your options to far more opportunities…The core advantages of a self-directed IRA…How and when you can move funds from a company plan into your own IRA…3 ways to deposit money into a self-directed IRA…Contribution limits that affect much money you can deposit into an IRA in a given year…The difference between tax-deferred and tax-free accounts…How to invest in real estate through your IRA…The 2 ways you can potentially trigger a tax even in a tax-deferred or tax-free account…The huge debate about whether you can flip houses through your IRA, how many you can flip per year, whether you owe taxes on profits made, and more…A legal “back door” you can use to go way beyond the contribution limits for an IRA…And much more!Links and ResourcesTo learn more about self-directed IRAs or to set one up with Edwin and his firm, head over to SpecializedIRAServices.com. While your’e there, grab Edwin’s just-published book, which you can get for free! He’s also waiving the $97 consultation fee, so you can get a full consultation at no cost as well… definitely check it out!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them! The post HFHQ 101: How to Flip Houses Through a Self-Directed IRA (Without Paying Taxes): Interview With Edwin Kelly appeared first on House Flipping HQ. See acast.com/privacy for privacy and opt-out information.

Part One of an interview with Kendall Mathews of TheInvestmentRealEstateCorner.com In this part of the interview the Tax Lien Lady tells about her background and reveals: * How she got started in tax lien investing * Why invest with a self-directed IRA * How much money do you need to get started

Part One of an interview with Kendall Mathews of TheInvestmentRealEstateCorner.com In this part of the interview the Tax Lien Lady tells about her background and reveals: * How she got started in tax lien investing * Why invest with a self-directed IRA * How much money do you need to get started

Original Show Notes: Greg McBride from Bankrate   Bankrate.com is a one stop shop for financing. They offer services such that include personal finance loans, automobile loans, mortgages and credit cards. Today we are speaking with Greg McBride, a Chief Financial Analyst and a graduate from the University of Florida. He is the Senior Vice President for Bankrate.com. He helps provide analysis and advice on personal finance. With two decades of experience in personal finance. He also has the ability to provide an in-depth interpretation and practical advice to listeners.   Greg has some awesome advice on for people looking for information on investing for retirement. Greg, hopefully you can help our Chainer’s out with planning for home buying and retirement. [0:59] Tell us a bit about yourself. ·      Passion: to help people save more money [1:35] How can a person decide if it’s the right time to buy? What should be considered? ·      In it for the long haul ·      Have a long term view [2:33] When it comes to purchasing a home, what area do you see people getting hung up on most? ·      Lack of savings [3:48] How are you able to know how much house you can afford? Is there a formula to knowing what your budget can be? ·      Find the housing calculator at Bankrate.com [4:41] S&P Dow Jones indexes managing director David Blitzer said “Home prices have reached new all-time highs,” on October 31, 2017. What are your thoughts about the housing market at the moment? Do you think the increase is sustainable and do you foresee any potential correction in the coming months or years? ·      Areas where prices have gone way up- a risk there ·      Most of America- nothing equated to 2006 [6:11] We know that leaving mass amounts of money sitting in a bank account is not the best idea. Where do you recommend young professionals put their money? ·      Have emergency fund in bank account ·      Workplace 401K ·      Roth IRA ·      Teach yourself to save 10%-15% of your income [7:12] Can you explain a bit about a Roth IRA and a traditional IRA? How do I know which is right for me? ·      Can do both ·      Roth IRA- paying taxes on the front end ·      Traditional IRA- pay taxes when you take money out ·      Snow ball analogy [8:28] What is a CD? Are there different types and again, how do I know which one is right? ·      Certificate of Deposit ·      Committing money for an amount of time ·      Range a few months- years ·      Make sure you don’t need the money [10:21] How do I know that I am saving and investing enough to retire in 40 or 50 years? ·      Save 10%-15% percent of your income for retirement [11:43] A statement that has been told for a long time is not to plan on receiving Social Security when am millennials are older. How much truth is there to that? ·      Do not plan on Social Security ·      Save for yourself Sponsors [13:17] Chain of Wealth – If you’re enjoying the podcast don’t forget to subscribe, rate and review. Head over to Chain of Wealth. If you have an iPhone, subscribe in iTunes! Value Link Round (VLR) [13:56] Why do you think that people struggle to save and plan for the future? ·      Don’t prioritize saving [14:20] Do you recommend any other podcasts or books? ·      Books: The Millionaire Next Door [14:53] What is the best advice that someone has ever given you? ·      Think long term and save [15:22] What is your favorite quote? ·      “Don’t save what’s left over after spending, spend what’s left over after saving” [15:58] How can our listeners get in touch with you? ·      Twitter: @bankrategreg ·      Facebook: Money Masters Support this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsWant to advertise on this podcast? Go to https://redcircle.com/brands and sign up.