Podcast appearances and mentions of ira what

Have you been looking for ways to grow your retirement savings long term and to enjoy potential tax benefits? Look no further! Investing in an IRA will either benefit you from tax-deferred income until you take withdrawals or your investment gains accumulate tax-free and you can also withdraw it tax-free! Tune in to this episode to learn and earn tons of nuggets and mindset shifts from Bernard Reisz, a CPA and the founder of ReSure LLC with vast experience in the alternative investment and finance industries including self-directed retirement account needs. He is full of wisdom when it comes to the tax code and facets of real estate. This might be quite a lengthy episode but you'll surely be blown away with heaps of knowledge about retirement accounts most especially how self-directed IRA works in achieving tax-free wealth! We discuss topics like: Two Groups of Retirement Accounts and its differences: IRAs (Individual Retirement Arrangement) What is IRA (Individual Retirement Account)? How many clients does Bernard get who are quite clueless to the idea of retirement account investing? How to invest in an IRA? What do you do if you don't have an IRA? Types of IRA What is a self-directed IRA and how does it work? QRPs (Qualified Retirement Plans) Pros and Cons of using retirement accounts in real estate Should you invest in 401K as well? What does the tax code say about investing? What do the TPAs do (Third Party Administrators)? ROTH account vs. the Traditional IRA Asymmetric Risk Reward Profile Investing in Syndication Which is more important: The Deal or The Sponsor? How do you vet a good Sponsor? How can you use cost segregation in retirement plans? PPP loans and UBIT Sales and Leaseback transactions Core questions: What is your favorite book? Where are you headed in the future? What is the oddest job you ever had to earn a book? What piece of advice would you give to our listeners who want to succeed in real estate? Resources: Leonard Modinow - The Drunkard's Walk (book) https://www.401kcheckbook.com https://www.agentfinancial.com https://www.resurefinancial.com Listen all the way to the end of this one because we've got some pretty exciting news for 2021 for the future of Ferrari Capital! More to come! For more information about Ferrari Capital, visit us on our website @ https://www.ferraricapital.com

Today’s guest is Clint Coons, an author, lawyer, and a real estate asset protection expert. Clint has applied his experiential knowledge, together with his innovative and dynamic strategies, to support his clients in saving millions of dollars and building real wealth. He is one of the founding partners of Anderson Business Advisors, a business planning and consulting firm based in Seattle, Washington and Las Vegas, Nevada. Anderson provides high-quality services and resources to real estate investors, stock traders, solopreneurs and business owners. [00:01 – 06:51] Opening Segment We introduce our guest, Clint Coons Clint talks about his background and how his real estate journey started[06:52 – 19:30] Retirement Talks Clint talks about the difference between a qualified retirement plan and a self-directed individual retirement account (IRA)What is advisable to use in what situation? Clint tells us the limitations of the qualified retirement plan He shares some tips that passive investors can take to start a real estate business[19:31 – 24:10] Preparing for RetirementClint talks about the process of transferring assets from a self-directed IRA to a qualified retirement plan Clint shares a few opportunities about the qualified retirement plan that you would not want to miss![24:11 – 29:13] Closing SegmentClint’s book recommendations:UnbrokenFREE BOOK from Clint available here: Asset Protection for Real Estate Investors. Use the code “Invictus.”Connect with Clint online! See the links below.Final thoughts Tweetable Quotes:“Having the power of leverage, I think, is really important for investors.” - Clint Coons “Challenges are great. They build character and they're gonna make you stronger.” - Clint Coons Resources Mentioned:Anderson Business Advisors You can email Clint at ccoons@andersonadvisors.com or follow him on LinkedIn and Twitter. Learn more about real estate asset protection on his YouTube channel. Also, check out his blog. Visit their company online at Anderson Business Advisors, LinkedIn, Facebook, Twitter, Instagram, and YouTube. LEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms. To learn more, visit us at: https://www.invictuscapitalventures.com**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictuscapitalventures.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

Invest in objective realityeQRP- control money outside of the IRA, protects the money from vulture.What is a 401K?What is eQRP?How to get ZERO Taxes (Legally)?How to pay NO Tax for life?What is a self-directed IRA?What is the difference between self-directed IRA and eQRP?What is UBIT (Unrelated Business Income Tax)?If you have a part time employee, can you have a Solo 401k?Can you invest in your own deal with eQRP?Be smart, don't cheat and hire an attorneyWhat's the process in setting up an eQRP plan?What is a security plan, comfort plan and rich plan?  GUEST BIODamion Lupo began his career as an entrepreneur when he was 11. The son of an Army veteran, from an early age he had a strong work ethic and an inquisitive mind. Damion doesn’t just learn, he consumes information, embodies it and circulates it with a dedication for empowering others.Over the last quarter century he’s owned and operated successful businesses ranging from insurance, precious metals, financial consulting, real estate and venture capital. He’s also written a dozen books on these topics. All of this accumulated knowledge led him to the creation of a better path leading to financial freedom. RESOURCES FROM THIS EPISODEText EQRP to 7200 CONNECT WITH USTo 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 the Investing For Good 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!

What was a stretch IRA? Forced withdrawals Tax Brackets Who is affected by the death of the stretch IRA? What is going to replace the stretch IRA?

Many people think they can only invest in traditional investments like individual stocks and mutual funds using their IRA.  However, it is totally legal to invest in almost anything using your retirement funds and with a smart IRA real estate investing strategy, you can really super charge your tax free returns! There is more to investing using IRAs than meets the eye. And in this episode I cover the smart way to use your IRA to invest in real estate. In addition, I’ll also provide a few recommendations so you can fully enjoy all the benefits this method can offer.  If you’re looking for different strategies you can use to purchase rental properties and build wealth while reducing your tax burden, this method is something you should definitely consider!    Key Takeaways What self-directing your IRA means and how you can go about it What IRA custodians can do Some of the things you can invest your retirement funds in Two main rules to observe when using your self-directed IRAs to invest Why reaching out and talking to your accountant is recommended prior to making any self-directed investments Why investing in real estate through your IRA is both smart and controversial Main benefits of investing in real estate using your IRA What he’ll recommend to investors Why the Roth Method of self-directing IRA is preferable Links Individual Retirement Account (IRA) - https://www.investopedia.com/terms/i/ira.asp Roth IRA - https://www.investopedia.com/terms/r/rothira.asp IRA Custodian - https://www.yieldstreet.com/resources/article/what-is-an-ira-custodian 401(k) - https://guides.wsj.com/personal-finance/retirement/what-is-a-401k/ Midland IRA Custodian - https://www.midlandtrust.com/ Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/ Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA

In this podcast, Jim talks to Clay Malcolm of Advanta IRA about investing in real estate with your IRA. This is not just great podcast for real estate investors…. This is also very valuable learning opportunity for those of you who have a 401k with a company you are no longer with. Two things he likes about Advanta IRA: customer service and speed of transactions What the typical, first investment with a self-directed IRA looks like The scenario of a private money loan What about the “gap” between deals? Some of the things you can do with a self-directed IRA What you can do if you are no longer with the company where you had your 401k How to move your 401k money to Advanta. It’s easy at advantaira.com How long can it take to move your 401k to an IRA You’ve found a great real estate opportunity. What’s next? Using your money to make an offer What does Clay mean when he says to “think of your IRA as a remote-control version of yourself as an investor” How to collect rent on an IRA invested property   Advanta IRA: 470.695.0620  Questions about self-directed IRAs? Contact Clay at cmalcolm@advantaira.com   Follow on Jim on: Instagram  Facebook Twitter

This week on the podcast, I’m answering your questions about how the coronavirus crisis impacts retirement. I recently opened up a voicemail box that listeners (and newsletter subscribers) can use to ask questions - and I’m going to keep doing that as the crisis goes on.On this week’s program, I tackle these questions submitted by listeners:My husband lost his job recently - should he roll over his 401(k) to an IRA?What will the impact of the crisis on the Social Security and Medicare trust funds?Does dollar cost averaging work work with active mutual funds?Can I delay an IRA contribution until July, now that the IRS has pushed back the deadline for filing tax returns to that date?Should I plan to delay my retirement a couple years, if I can make that work?I’ll be recruiting top experts to answer your questions, and I’ll answer a few on my own, too. This week, we get expert input from:Sheryl Garrett, founder of the Garrett Planning Network;Jeff Ptak, the head of global manager research at Morningstar;Ed Slott, the well-known expert on IRAsPaul Van Der Water, senior fellow at the Center on Budget and Policy PrioritiesDo you have a question for me?The number to call is 847.238.2015. Leave your name and a phone number where you can be reached in case I need to get further clarification on your question. If you want to leave only a first name, that’s fine. I may use your question on a future edition of the podcast. You can also email your question here. How Medicare is updating coverage during the crisis If you’re on Medicare, the program already covers much of what you may need if you contract the coronavirus and become seriously ill. But Medicare also has expanded some services and loosened some rules in response to the crisis. In a story for The New York Times this week, I take a look at at what enrollees can expect from Medicare, some problems to look out for and some additional changes that advocates think still need to be made.If you recently lost your job . . .One point I explore in the Times story is how to sign up for Medicare if you’ve been working past age 65 and recently lost your job. The paperwork is a bit complicated right now because of the closure of Social Security field offices. If you are younger than age 65 and now out of work, check out this Times Upshot column, which walks through the options. These may include COBRA, special Obamacare exchange enrollment opportunities and Medicaid. Scammers take no holiday during the crisisFraud watchdogs warn that Social Security and Medicare scammers are taking advantage of the crisis to ramp up identity theft and other fraud schemes. I can’t even begin to fathom the depth of this depravity, but I can pass along warnings to you. Here’s an article from the Associated Press on what’s going on with Medicare fraud. Give your Medicare number only to participating Medicare pharmacists, doctors or people you trust to work with Medicare on your behalf. The agency will not call you to ask for your Medicare number or to check on it.Medicare’s website offers tips for protecting yourself against fraud; the Federal Trade Commission’s website has a page of tips on Covid-19 and scams. And the national network of federally funded Senior Medicare Patrols also can help.On Social Security, the closing of field offices has opened up some opportunities for fraud, too. More on that here.What’s in the stimulus bill related to retirement?The Senate’s $2 trillion stimulus bill (the CARES Act) is expected to pass the House on Friday, and then be signed into law quickly by President Trump. It contains several provisions related to retirement saving:Enrollees in Social Security retirement and disability benefits will receive the same one-time $1,200 stimulus payments that are being sent to most adults, subject to the same income limitations ($75,000 in adjusted gross income for single filers and $150,000 for joint filers).The current limit on loans from 401(k) accounts and other tax-deferred retirement plans will double to $100,000 for participants diagnosed with the coronavirus or who are affected by related economic losses. Participants with existing loans can delay any repayments due in 2020 for one year. People affected by the virus or related economic circumstances will be able to take withdrawals from workplace plans and IRAs up to $100,000 this year without the usual 10% penalty due for people under age 59-1/2. Income taxes are still due on the withdrawn amounts, but the law allows you to spread out this liability over three years. You also have the option to redeposit the withdrawn sums during that period. The law suspends the need to take required minimum distributions (RMDs) from tax-deferred accounts for retirees, or others who have inherited an IRA.Medicare Part D plans must list restrictions on extended supplies of prescription medications during the crisisFor more details, see my column for Reuters this week. Also see this Morningstar video interview with IRA expert Ed Slott. And, the stock market Oh, right - the stock market is a mess too. John Rekenthaler of Morningstar has had two excellent coluns of late: When will stocks recover, and It’s hard to make money as a bear. Free financial planning help on offerThe New York Times has created an online hub for financial help during the crisis that will be updated regularly. Already, the hub contains articles on how unemployment insurance works; who and what the new paid leave law covers; how to pause federal student loans; income tax filing deadline extensions and more.One section I found especially interesting includes links to financial planners who are offering free advice to people experiencing financial stress.This includes dozens of members of the XY Planning Network; the Financial Planning Association has its own list of volunteer certified financial planners as well. A bit of relief during lock-down: Virtual concerts, plays, and other culture you can enjoy from homeNothing can replace live concerts, plays, museum visits or other cultural events, but plenty of cultural experiences are available online. CNN pulled together a great list of concerts, museum tours and other virtual experiences you can explore from home.Coronavirus roundup: Other things I’m reading this weekWhat to do if you or a loved one might have the coronavirus . . . How to think about the risk if you’re over age 60 . . . .Eleven states and Washington D.C. opened up special enrollment to allow uninsured sign up for Obamacare . . . Why hospitals don’t have capacity to deal with overflow demand in a pandemic . . . One New Yorker’s coronavirus test: 5 days, a dozen calls, hours of confusion . . . A war footing: surfing the curve of COVID19 . . . Healthy living tricked boomers into thinking we’re invincible: The generation that’s redefining old age is now being redefined by a virus . . .The tech headaches of working from home and how to deal with them . . . Coronavirus is destroying older Americans’ retirement dreams.Subscribe to the newsletterIf you haven’t subscribed to the free edition, give it a try if your finances permit in this tough economy. You’ll be supporting independent journalism dedicated to covering what matters for older Americans. Subscriptions cost $5 per month or $60 year, and you can cancel at any time.If not, no worries - I’m committed to providing everything I’ve got on the coronavirus crisis in the free edition for as long as this lasts.Stay safe and stay well - I’ll see you next week. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe

This week on the podcast we’re answering your questions! 1 - I was overpaid by my employer, what should I do now? 2 - Should I convert my 401k into an IRA? What considerations should I keep in mind? 3 - I have some IRS debt. Should I prioritize my debt snowball or get after that tax debt owed to the IRS? 4 - What’s the deal with my savings account interest rate dropping? 5 - I have an ESPP that is offered at work. Should I participate, and if so, how should I go about taking advantage of my employee stock purchase plan? And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/ During this episode we enjoyed a Mexican Chocolate Yeti by Great Divide - a big thanks to our friends there at the brewery! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money! Best friends out! Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

What is an IRA? What makes it special? Bruce and Peg dig deep and give you the scoop on how to take full advantage of this investment vehicle.        

Did you recently inherit an IRA? What rules do you need to know and what options do you have in order to make the best decision for you and your family?   Show Notes: https://coveryourassetskc.com/episode-52-3-things-to-know-about-inherited-iras/   Today's Rundown:  1:22 - What do you need to know about a normal IRA?    2:48 - What if you inherit an IRA from a spouse? 3:47 - What happens with an inherited IRA from a parent or family member? 5:14 - How to create a beneficiary IRA. 6:06 - What are the RMDs on an inherited IRA? 9:03 - Is it possible to inherit an already inherited IRA? 11:45 - The SECURE Act proposed limits on inherited IRAs to a maximum of 10 years.

n this weeks episode of the Faith and Finance Podcast we're covering the basics of Investing. As I've mentioned on Instagram, I have decided to begin investing again in 2020. I made the decision to stop investing a couple of years ago because I wanted to pay off my student loan debt. Last year, I was blessed with a new job that offers not only a pension but a 401K match. I contributed to the 401K for one month and stopped. A decision I regret. To prepare to begin investing in 2020, I decided to research all of my investment options. As a result I've taken my previous knowledge and the new knowledge gained through my research and compiled it into a podcast. The topics discussed are: What is a 401K and how much should be invested monthly? What are stocks, bonds and mutual funds? What is an IRA? What's a Roth IRA? What's a Traditional IRA http://faithandfinance.co/ig/

Today we get into all things IRA:What is an IRA? What are the types?How does it affect people in different tax brackets?What are RMDs?Are there additional taxes I need to worry about?What is so good about the Stretch IRA?And much more!

This past week at our Wednesday lunch meeting the topic of Self-Directed IRA’s came up and that became the theme of our Facebook live presentation. If you hurry over to Facebook you   might still get to view that conversation before it disappears. If, however you missed it, you can make up for it today. In a few minutes I have an expert coming on the show and you are definitely going to want to hear his thoughts about investing through your self-directed IRA.    Brian Eastman is a principal and Sr. Consultant at Safeguard Advisors, LLC based in Boulder, Colorado.   Brian has personally worked with thousands of independent investors over the years and has a deep understanding not only of the tax framework that governs self-directed retirement plans, but how to actually use such a plan successfully in a variety of real estate-related transaction types.   Brian has been investing in real estate personally and with his self-directed plan for 15 years, and has participated in sub-division development, flipping properties, rentals, lease options, and trust deed financing of various types of property.   Prior to joining Safeguard Advisors, Mr. Eastman spent nearly two decades in the development and implementation of complex software systems, with a focus on client education. His ability to present complex and wide-ranging topics in a clear and understandable fashion translates well to the educational approach that is critical to helping investors discover the potential of a self-directed retirement investing strategy.   A graduate of UC Berkeley, Mr. Eastman enjoys exploring the wonders of the Rocky Mountain backcountry with his family and cheering for his son’s hockey team.    How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.  Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest: Brian Eastman In plain English, what are self-directed IRA and 401(k) plans and why do they matter to real estate investors? How can a real estate investor get more from their self-directed IRA? What tax issues should an investor be on the lookout for, which can occur inside their retirement plan? What are some examples of using a self-directed plan for real estate investing?Describe for our listeners some of the benefits and complexities involved if they were to use debt-financing to invest with a self-directed plan. What benefits are associated with a checkbook control Self-Directed IRA or 401(k) plan? Self-directed IRA & 401(k) plans - an overview Getting more from your self-directed IRA Real estate investing with a self-directed plan (rentals, syndicates, development/flipping) The benefits and complexities of using debt-financing (i.e. mortgages) when investing with a self-directed plan Tax issues that can occur inside a retirement plan and how to understand and strategize around those issues   News: Millennials can’t afford real estate — destined to remain sad apartment dwellers https://nypost.com/2019/08/31/millennials-cant-afford-real-estate-destined-to-remain-sad-apartment-dwellers/ Artificial intelligence in residential real estate: Reality or hype? https://www.housingwire.com/articles/50044-artificial-intelligence-in-residential-real-estate-reality-or-hype International investors take a small step back from US commercial real estate, as yield is less attractive https://www.cnbc.com/2019/08/30/international-investors-pull-back-from-us-commercial-real-estate.html Weekly mortgage refinances fall further, despite lower interest rates https://www.cnbc.com/2019/09/04/weekly-mortgage-refinances-fall-further-despite-lower-interest-rates.html Redfin Publishes Agent Commissions with Its Listings https://magazine.realtor/daily-news/2019/08/30/redfin-publishes-agent-commissions-with-its-listings   https://www.cnbc.com/2019/09/04/sam-zell-on-wework-every-single-company-in-this-space-has-gone-broke.html?__twitter_impression=true&recirc=taboolainternal   Your Questions: Send emails to questions@rogerblankenship.com Hector, Sacramento, CA. “Have you ever flipped a farm? I’m looking at buying one to keep this guy out of foreclosure but I don’t want to keep it.Article I found to help: http://www.businessvaluations.net/blog/valuing-a-farm-business Eva, Pittsburgh, PA, “My lender has options for my rental. I can do interest only at 4.8% (5 years then convert to amortized) or I can do a fully amortized loan at 4.75%.” We followed up: She is in her 30s and plans to hold them indefinitely. Purchase price is 180,000. Putting 40,000 down. Loan amt is 140,000. My calculations: PI pymt is $730/month. Interest only is $560. $170/month difference. $10,200 over five years. Options are keep renewing interest only for maximum cash flow or refinance the amortized loan every 7-8 years to improve Return on Equity.  Carmela, Port St. Lucie, FL “I’ve been wanting to write for a couple of weeks, but we have been a little busy here preparing for Dorian. It looked like we were going to get hit hard, but were spared thankfully. I was thinking about your show and wondered if you go in and buy storm damaged houses. And I’m not saying this about you, but I’m thinking about doing it and looking for an answer when people tell me I’m praying on the misfortune of others. Do you have a good answer to that?” Frieda, Jacksonville, FL “I saw how you helped my friend with her roof contractor situation. I’ve had a couple of bad experiences with contractors also and I’m wondering if there is a better way to protect myself in the future?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day   "Have intense and unfailing love for one another, for love covers a multitude of sins." - 1 Peter 4:8  

What is an IRA? What is a Roth IRA? How much can you save each year? We break down everything you need to know about saving for your retirement.

Description Invest in a Roth or traditional IRA What if your tax rates are the same, now and in the future What are Required Minimum Distributions and who needs to take them When would a traditional IRA be favored to a Roth When is a Roth IRA favored Do your homework before you make your contributions  Think about Roth conversions in gap years / low income years LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website   ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here 

On today’s episode we have the President/CEO of UDirectIRA services, Kaaren Hall. Despite being in the midst of a recession and mortgage market collapse, Kaaren Hall founded and made resounding success of uDirect IRA Services. The single mom discovered a strategic way to put her 20+ years experience in mortgage banking, real estate and property management to use. The solution was an untapped market for both her skills and for investors – self-directed IRAs. Through uDirect IRA, she has guided tens of thousands of Americans through the process of diversifying their investments using self-directed IRAs. Learn more about Hall and her thriving company at uDirectIRA.comOn this episode you'll learn:-What is a self-directed IRA?-What are the benefits of a self-directed IRA?-Self-directed IRA prohibited transactions-Roth vs Traditional self-directed IRAs?-Cost/Fees-Self-Directed IRA - Real Estate (UBIT, Private Lending)-Solo 401K - (Eligibility, Cost/Fees)Contact Info:Website: https://udirectira.com/Show notes and more on www.biggercashflow.com

Should you do a 401(k) rollover to an IRA? What happens to your retirement accounts when you hit the magical age of 70 ½? How and when you withdraw money from your accounts makes an enormous difference to the overall success of your financial plan. On today’s podcast, Joel will walk us through some of the most common questions revolving around some of retirement’s most ubiquitous retirement accounts. Full show notes here: https://johnsonbrunetti.com/what-you-need-to-know-about-ira-401k-withdrawals-rollovers What You'll Learn: 0:51 – Contributing To A 401(k) Is The Easy Part Things get complicated when you withdraw money from IRAs, 401(k)s, TSPs, etc… The way you withdraw money can have a profound impact on how much money you keep, live on, pay the IRS or pass on to the people you love. Without a strategy, you can trigger higher taxes. 2:43 – Why Is The Age 70 ½ An Important Age? The IRS forces you to start taking money out of your retirement accounts. This is an important age because it needs to be planned for. The reality is that you lose some control and flexibility of your retirement money. 4:27 – What Happens If You Don’t WANT To Withdraw The Funds? Joel shares a story about a meeting with a client’s son coming to the realization of how big a chunk taxes were going to take out of his income. Retirement accounts like IRAs and 401(k)s give you tax breaks throughout life. That’s why eventually the IRS wants those dollars back. 6:32 – The Required Distributions Are Not Required On All Accounts It only applies to qualified retirement accounts (403bs, 401(k)s, etc…) and IRAs. This does not apply to Roth IRAs or the Roth portion of a 401(k). Life insurance plans that are designed for tax-free future income are also exempt from the mandatory withdrawals. Certain annuities are also a part of this exception. 8:17 – What Happens If You Have Multiple Accounts At 70 ½ The IRS doesn’t care which accounts you take your money out of. They just tell you the total amount you need to withdraw. 9:53 – Can You Lessen The Tax Burden The Withdrawals Create? Not really. Unless you do it ahead of time with some advanced tax planning strategies. But if you wait until you’re taking the withdrawals, your options are a bit more limited. The key is to be proactive before you hit that magical age. 11:34 – Rolling A 401(k) Into An IRA There are certain reasons you might want to stay in a 401(k). But most people find several benefits to rollover to an IRA. They gain access to more investment options, get better control over the account and can also get more effective professional advice. Some people will see a drop in fees going from a 401(k) to an IRA (or vice versa), but that doesn’t tell the whole story in every situation. As with most things, it’s a pros vs. cons kind of conversation. 14:27 – Common Rollover Reason: High Cost Investments A lot of large companies have gotten better at reducing their fees due to multiple lawsuits. Sometimes smaller companies will have higher fees. 15:14 – Common Rollover Reason: The Financial Junk Drawer Many people accumulate multiple 401(k)s as they bounce between different jobs. This can lead to more complicated planning because of so many various accounts of differing amounts. That’s why many find it beneficial to roll into an IRA where it’s simpler to track. 16:44 – Common Rollover Reason: Need More Bond Funds A lot of 401(k)s lack in their access to bond funds. For some people, this is a big reason to do a rollover. 17:34 – Common Rollover Reason: More Withdrawal Flexibility Some 401(k)s limit how many trades or withdrawals you can make. 18:24 – Warning: Don’t Implement A Rollover Without A Review It won’t make sense in every situation. Understand all of the pros & cons and how a rollover fits into your overall situation before pulling the trigger on an action like this.

Jerry and Nick pull some questions from out of the mailbag and tackle the following questions:- What can you do to stay safe and earn better than the measly 1%-2% that the banks are offering?- What accounts should you spend first when you retire? Should it be the ROTH? Should it be the 401k or the IRA? What should be spent first? Jerry and Nick give you the 4-Step Process.- How do I know if I’m really diversified? If I have 8 different accounts am I diversified? Jerry and Nick dive into what is True Diversification and what isn’t.FREE GIVE: On The Money Retirement Toolkit…CLICK HEREEnjoy the show! Resources In Today's Episode:- Free Resource Download Page- Schedule Your Complimentary On The Money 5-Step Retirement Review by calling 1.800.245.0546- Check out our website: Group 10 Financial/- Follow us on Facebook- Follow us on TwitterDisclaimer

Thought processes shouldn't change but conclusions will change over time. Check out these short 4 segments in this radio including: What do you do with the 401k from your previous Employee? Is there a time, if any, when you shouldn't put money into an IRA What to do with your digital assets? Health records, passwords, financial records... Who takes over? All about charitable gifting... Rules, how much you can deduct, to whom, and more!

Did you know you could buy a horse as an investment in your IRA? What about real estate and other assets? Kirk Chisholm, of Innovative Advisory Group, joins us to explain how self-directed IRAs work. They a tricky thing, so you need to understand the rules before taking any action. You will learn what a Disqualified Person is, the rules behind handling real estate in an IRA, and what other things you can find in a self-directed IRA. For more information, visit the show notes at http://www.bigpictureretirement.net/089

The last decade’s hottest investment strategy among individual real estate investors is dying a very rapid death. Find out what it is… and why it’s dying right now. I’m Bryan Ellis. You’re listening to Episode #302 of the largest, fastest-growing self-directed investor podcast in America…-----Hello, Self-Directed Investor Nation! Welcome to Self-Directed Investor Talk, the SHOW OF RECORD for savvy self-directed investors like YOU! Before we get into the thick of things today, I’ve got to ask you: do you THINK you really know the fundamentals of self-directed IRA’s? Do you really? Well if you DON’T know those fundamentals, you’re in luck. And if you think you DO know them… you may be having even BETTER luck. That’s because for a very brief time, you can receive FREE access to a very highly regarded $297 training program called the SDI Wealth Guide to Self-Directed IRA Fundamentals, available now at SDITalk.com/fundamentals. That video-based training is available to you right now… and in it, you’ll receive the unexpected… but TOTALLY accurate… answers to questions like: What is a self-directed IRA? What kind of self-directed IRA’s are available? What’s the best type for YOU? And are there any self-directed investing alternatives that are SUPERIOR to the IRA? So check it out now, because your status as a listener to SDI Talk gets you something very special: FREE access to this training – normally priced at $297 – just by visiting SDITalk.com/fundamentals.Ok, my friends, this is episode #302, so all of the links and resources I mention in today’s show can be found, very conveniently, by visiting SDITalk.com/302. But I’d like to take about 20 seconds to express to you something kind of personal but very important, and that is that…I have a sincere thank you for you people. As you know, I’ve been on hiatus from doing this show for some time. To be honest, I’ve been struggling with some pretty severe personal challenges, and my mind wasn’t where it needed to be to give you folks what you deserve in this show. But yesterday, the time had come to begin this show anew, and that’s why I want to thank you: Yesterday, this show got HUGE download numbers, even though it was the first episode I’ve published in 6 months, and even though I did nothing to promote it. Still, you people downloaded this show en masse… and I’m so very sincerely, sincerely grateful to you. Thank you from the bottom of my heart.Ok, let’s do this.In the last decade, there’s been a dramatic rise in something known as “turnkey rental property investments”. This is a type of rental property investing made for people who want the money, but not the time commitments, of rental ownership.The way it works is simple: If you buy a turnkey rental property, you’re buying more than just a rental property. You’re buying the property itself, sure… but that property has already been renovated to rent-readiness. But there’s also been a tenant identified, qualified and moved into the property. And to top it all off, there’s a property manager already in place who is handling the entire tenant relationship so that you, as the investor, can just collect the checks rather than be a landlord… and it also gives you the ability to invest your capital into markets where it really makes sense to do so, rather than being limited only to investing in your own back yard.So, a pretty cool concept… right? Sure is. With turnkey rental properties, you’re not buying a house, you’re buying an asset that’s presently producing cash flow.As a side note, this is one of those places where I think the very famous book Rich Dad, Poor Dad by Robert Kiyosaki really painted too rosy of a picture. The message of that book is great: Invest in assets that produce cash flow. The secondary message is that real estate property is the best way to generate such cash flow. But the story seems to suggest that merely by owning these rental properties, you’re going to experience the theoretically possible cash flow.It’s just not that way. I was having a conversation last night with one of my subscribers named David who has a vast array of experience as a landlord in multiple markets, and we were looking critically at how one might successfully manage a portfolio of properties from a distance. The conclusion is that it’s not easy to do, and merely owning properties – even good ones – is a long way from guaranteeing your success.And that’s where the whole turnkey thing comes into focus. When you buy a turnkey property, assuming you’re buying a good property with a good property manager, then what you’re doing is acquiring a real cash-flowing assets… the kind that Kiyosaki praised so heavily in Rich Dad, Poor Dad.And it’s that level of convenience and automated realization of profits that’s made the business of turnkey rental properties boom so heavily in recent years.But there’s a dirty little secret in that business that the turnkey providers are really hoping you don’t find out: There’s a serious inventory shortage. That’s right… the turnkey people are having a really hard time keeping up with the demand for these properties because… after all… a key consideration is the ability to generate CASH FLOW from these properties. But as the PRICE of real estate has grown at a much faster pace than the attractiveness of turnkey deals is turning downward.You need not trust me. Check out today’s page over at SDITalk.com/302 and you’ll see two very interesting links: One with the National Rent Index from Apartment list, showing national rents increasing at only 1.4% per year… And then you’ll see the National real estate composite index from Case Schiller, which shows a national appreciation rate for actual REAL ESTATE VALUES of more than 3 times that… about 4.7% from July of last year to now.So as real estate values increase at a dramatically faster rate than rental rates, what we have is a situation where it’s much harder for the turnkey rental property companies to mass-produce turnkey rental properties that offer an acceptable yield.Now before you conclude that I’m suggesting that this isn’t a good time to buy rental properties, I’ll recommend you hang with me for a minute, because that’s not what I’m saying at all.What I AM saying is that things are becoming much harder for the turnkey property companies, and so many of them are diversifying AWAY from turnkey properties – which is something that some of them know a lot about – and they’re jumping into offering other types of investments. Usually real estate-related, but certainly not similar to turnkey rental properties. Frequently it’s investments in international real estate in tropical locations… or maybe it’s opportunities to syndicate your money into the building of new entire neighborhoods or developments which will then be sold to other investors or home owners… or maybe it’s something wholly unrelated to real estate.This stuff gives me pause. It’s not that there’s anything fundamentally wrong with any of that… it’s just that this almost inherently means that the turnkey company you’re working with is stepping out of their area of expertise and into a realm where they’re new to the game. And so that is something important and worthy of consideration where the safety of your money is concerned.But far be it from me to say that it’s no longer a wise thing to buy rental properties today. It’s pretty much always a smart thing to buy strong cash flow. But there are a couple of distinctions now:The first is that you’re going to find lower and lower inventories being offered by these turnkey providers. This is evidenced by your needing to be placed on a “waiting list” for properties… and by that wait being multiple months in duration. As such, you’ll find that when properties ARE available for investment, you’ll need to jump on them rather quickly.Incidentally, we do have a few really great turnkey deals available right now, which you can see by visiting SDITalk.com/turnkey, SDITalk.com/turnkey.And the other distinction is this: There’s a huge difference between YOU finding rental property investments that make sense, and a turnkey rental property company finding a situation that makes sense. For you, you’ve only got to find deals one by one, or even if you’re deploying a lot of capital, still you only need a relatively small number of deals. But these turnkey people… a lot of them move 50-100+ properties per month… they’ve got to find entire swaths of geographic areas where they can get a large volume of deals on a recurring basis. The advantage is inherently with you, because you’re small, you’re nimble, and when an INDIVIDUAL great opportunity arises, it will make sense for you to pursue it, but not them.So again, far be it from me to suggest that now is no longer a good time to acquire real estate cash flow. A good time for that is, approximately, ALWAYS.Ok folks, that’s it for today. Hey… do me a favor, will ya? When you have a question about self-directed IRA’s, 401k’s, custodians or investment strategies, shoot them over to me at questions@SDITalk.com... I’ll do my best to answer them here on the show for you.My friends… invest wisely today, and live well forever! See acast.com/privacy for privacy and opt-out information.

Should I rollover my 401(k) to an IRA? Most advisors say yes, but It’s not always the best idea. In this episode we share what you should consider to make the choice that’s right for you. Listen to the Audio     Happy Lab  Over the last few weeks we’ve been reviewing the top 5 regrets people have at the end of their life. Here's the list so far; #5: I wish I had allowed myself to be happier #4: I wish I had stayed in touch with my friends And this week, #3: I wish I had shared my feelings more. S.M.A.R.T. Sprint  Stay connected with people you care about. In the next 7 days, call a friend you haven’t spoken to in awhile. What’s That Mean??  Style Drift. Why do you buy an investment strategy? The obvious question is to make us money. But one investment strategy is typically part of an overall portfolio is designed to work together. Each piece of the portfolio (or asset allocation) has a role to play. Much like each contractor used to build a house does. The plumber, put in the plumbing. The landscaper, puts in the landscape. And so forth.  As long as they execute their roles, you can get a great house (or portfolio). If, however, the plumber starts to putting flowers in your pipes you may not notice right away, but you’ll have a problem. Likewise, if that small cap strategy starts buying large caps, you won’t notice at first but eventually you’ll have a different experience than you bargained for. That’s style drift. It’s the same with your portfolio. Each investment strategy has a role to play.  Hot Topic This Week Last week major world oil producers met in Qatar to discuss a production free. News of the upcoming discussions helped stabilize oil markets in recent weeks. Unfortunately, as expected, they were  unable to come to an agreement.  We'll discuss the possible implications it could have global equity markets. Practical Planning On this week's show we answer listener questions including: •Does it matter when I rollover my 401(k) to an IRA? What should I consider when making this decisions? •When designing a balanced portfolio, should I count my company pension plan (which gives me $100,000 a year) as part of my bond portfolio? •In retirement, is retail income considered earned income? Would rental income factor into whether my Social Security would be taxed? Have a retirement question you’d like answered? Ask it here!

Is a self-directed IRA for everyone? How long does it take to self-direct an IRA? What can a self-directed IRA invest in? These are just a few of the questions we will be asking our guests Matt MacFarland and Amanda Han from Keystone CPA and Kaaren Hall from UDirect IRA Services.