Podcasts about specialized ira services

Today's Flashback Friday is from episode 542 published last July 15, 2015. The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason's guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee's to help you make educated decisions about your investment future. You'll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know.  Key Takeaways: Jason's Editorial: 2:15 Self directed IRA investing 4:32 Nathan asks about out of state rental properties  5:32 Have at least 4% of the properties value in the bank as an emergency fund 7:35 Steve asks about Jason's foundation 9:38 Steve also asks about credit history and bankruptcy 12:32 Asset based financing; a hard money loan Edwin Kelly Interview: 14:55 Would Donald Trump be a good president? 16:30 Invitation for Warren to be on the show 17:24 IRA Custodians, Administrators what's the difference? 18:27 What are the fee's of self-directed IRA's 19:48 There is no fee sharing or back end money 21:06 A customized approach to IRA's 25:34 People need passive income  26:13 An everyday example of buy and hold real estate investing 30:37 Solo 401k or Individual 401k 35:12 Solo k paperwork was cumbersome and complex  36:21 $400 annually for a self directed IRA and $700 for a 401K 38:58 HSA - Health Saving Account  40:19 An HSA works by marrying the tax benefits of the traditional and Roth IRA's  41:48 Are you able to pay for proactive executive health physicals via an HSA? 43:17 Breast Augmentation for medical reasons is a qualified medical expense 45:43 An HSA is not a Flexible Saving Account 46:21 Investing in buy and hold real estate from the HSA 48:01 HSA and IRA are fairly easy to administer 48:46 An LLC inside of an IRA?  51:34 Multiple LLC's for asset protection Mentions: Specialized IRA Services    Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

This episode of Flashback Friday was originally published: July 15, 2015 The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason’s guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee’s to help you make an educated decisions about your investment future. You’ll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know. Key Takeaways: Jason’s Editorial: [2:02] Self directed IRA investing [4:19] Nathan asks about out of state rental properties [5:19] Have at least 4% of the properties value in the bank as an emergency fund [7:22] Steve asks about Jason’s foundation [9:12] Steve also asks about credit history and bankruptcy [12:06] Asset based financing; a hard money loan Edwin Kelly Interview: [14:29] Would Donald Trump be a good president? [16:04] Invitation for Warren to be on the show [16:58] IRA Custodians, Administrators what’s the difference? [18:01] What are the fee’s of self-directed IRA’s [19:22] There is no fee sharing or back end money [20:40] A customized approach to IRA’s [24:08] People need passive income [25:47] An everyday example of buy and hold real estate investing [30:11] Solo 401k or Individual 401k [34:46] Solo k paperwork was cumbersome and complex [35:55] $400 annually for a self directed IRA and $700 for a 401K [38:32] HSA – Health Saving Account [39:53] An HSA works by marrying the tax benefits of the traditional and Roth IRA’s [41:22] Are you able to pay for proactive executive health physicals via a HSA? [42:51] Breast Augmentation for medical reasons is a qualified medical expense [45:17] An HSA is not a Flexible Saving Account [45:55] Investing in buy and hold real estate from the HSA [47:35] HSA and IRA are fairly easy to administer [48:20] An LLC inside of an IRA? [51:08] Multiple LLC’s for asset protection Mentions: Specialized IRA Services

Building up your IRA or 401(k) takes a lot of time, effort, and dedication, all in the dream of taking it easy after retirement. However, you don't have to wait for years in order to reap the benefits of your retirement account. Vice President of Specialized IRA Services, Amanda Holbrook, reveals what your retirement account […]

Edwin Kelly is the CEO & founder of Specialized IRA Services. He’s on the show today to talk about all things dealing with self-directed retirements savings accounts, including self-directed IRAs, Health Savings Accounts, and other Roth strategies. In addition to information on these types of accounts, Edwin breaks down some numbers to demonstrate the benefits of investing in these types of accounts. There is a lot of information in this episode, but all with the goal to help you maximize long-term wealth for you and your family.   Key Takeaways:   [1:30] Edwin’s career started when he was back in sixth grade; he started working odd jobs and investing the money he made into essentially a brokerage account. He realized that he made more money when he invested his money than he did working for it. He saw a need for a provider that offers a service and support for clients. [4:20] People are hesitant about self-directed retirement accounts. One of the biggest mistakes people make is that they don’t have a Roth strategy; a Roth account is one where you make a contribution today and it grows tax-protected, so you don’t pay taxes on the distributions when you pull it out. [8:10] To be successful, you want to have an income goal. Edwin shares some numeric examples of how a Roth account can help you make more money. There are three account categories: IRAs, small business retirement plans, and tax advantage specialty accounts. [14:00] For people in the real estate investing business that want to make money for today, there are a few different strategies. One approach is to look at the type of investments and where are you holding them; this could be a rental property within the retirement account. The other approach is to do any extra business each month into a retirement account. [17:20] There are three steps to establishing a self-directed account. These are the three D’s: Decide you want to build wealth for your future through self-directed accounts. Deposit money into that account, whether through contributions or a transfer of funds. Finally, Direct your money into an investment you want to make. It all begins with deciding this is something you want to commit to doing. [20:05] When it comes to a retirement account, you’ll always have access to the money. What will change depending on time and other limits is whether or not the contributions are taxed. For a real estate investor, you can also pursue other types of investments outside of your retirement accounts, but keep in mind the tax treatment. [23:10] Health Savings Accounts came back in 2004. The government combined the tax benefits of the Roth IRA with the tax benefits of the traditional IRA. An HSA is a critical part of your overall plan because healthcare is typically the single largest expense in a household. If you want to use that money, you’re using pre-tax dollars to pay for your healthcare. [26:15] In addition to the immediate benefits of the HSA account, if you have just one cash-flowing asset in that account, that will be all you need to last you in the future as well. [29:35] When should people start a retirement savings account? If you’re hesitant about starting one of these types of accounts, remember that you can create more wealth by taking the taxes off the table. You don’t have to choose between your wealth today and in the future. You can have accounts working concurrently. [34:15] Another major benefit of these types of accounts is asset protection. Any assets that are within a retirement account are safe. To maximize and protect your wealth, it is important to have cash flow today and understand the benefits of a self-directed account. [38:35] If you go to Edwin’s website (linked below), you can get a copy of his book for free, as well as a free consultation. In the consultation, you can map out a plan with one of their specialists.   Mentioned in This Episode:   Meetings Daily REIA Show REI Facebook Page Brian’s Book Edwin’s Website — Specialized IRA Services

Edwin Kelly is the owner of Specialized IRA Services. He helps investors leverage their self-directed tax-advantaged accounts so that they can successfully grow their retirement fund, family legacy, and business. In this week's episode, Edwin explains how you can build wealth in a tax-free environment and how you can get smarter about your retirement even when it's ‘too late.'   Key Takeaways: Edwin is an expert when it comes to leveraging self-directed IRAs. Who is Edwin and how did he get started in this field? What are self-directed accounts? Edwin explains the type of tax protection and asset protection you can have through a self-directed account. What are the different types of self-directed accounts you can choose from? Who would not benefit from something like this? How can you get started? Edwin shares a case study of how a typical transaction would play out. How can you fund your child's education with a self-directed account? Feel like you've missed the boat when it comes to saving for your retirement? You can easily start your self-directed account now. When doing deals in a self-directed account, how do you pay your team after a wholesale transaction has been made? What advice would Edwin give to his younger self? Mentioned in This Episode: Connect with Edwin & his team: Specializediraservices.com Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in Punta Cana, Dominican Republic! If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1   Tweetables: “The two high-level benefits of a self-directed account are tax protection and asset protection.” “It is not uncommon for somebody to build their retirement in 7-10 years and be out.” “The idea is to get started if you don't already have a self-directed account.” Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!

Jason Hartman talks with Edwin Kelly, founder & CEO of Specialized IRA Services, about some of the creative ways you can use your self-directed IRA to invest in non-stock market related assets. Edwin provides several case studies that show the power of self directing, as well as his "Triple D" process to help you on your way. Key Takeaways: [4:07] What is a Self Directed IRA and what kind of assets can you use them for? [6:56] Some unique strategies people are using in their IRAs [9:28] Borrowing against your solo 401k as a strategy [14:57] The Triple D process of Self Directed investing [16:47] The costs of using self directed funds Website: www.JasonHartman.com/Masters www.SpecializedIRAServices.com

Jason Hartman begins today's show discussing some of the cyclical markets that have seen their housing bubble burst, as well as some non-cyclical markets that could be in danger of the same thing. One of them, Colombus, surprised him. Then Jason talks with Edwin Kelly, founder & CEO of Specialized IRA Services, about some of the creative ways you can use your self-directed IRA to invest in non-stock market related assets. Edwin provides several case studies that show the power of self directing, as well as his "Triple D" process to help you on your way. Key Takeaways: [5:01] Cyclical markets have seen their housing bubbles burst and now it's starting to spread to other cities [7:16] People buy homes based on payments, not total price. [11:07] Colombus, OH is on the list of potentially being at risk of a bubble burst Edwin Kelly Interview: [15:07] What is a Self Directed IRA and what kind of assets can you use them for? [17:56] Some unique strategies people are using in their IRAs [20:28] Borrowing against your solo 401k as a strategy [25:57] The Triple D process of Self Directed investing [27:47] The costs of using self directed funds Website: www.JasonHartman.com/Masters www.SpecializedIRAServices.com

Self-directed retirement accounts or self-directed IRAs is something that a lot of people are not too familiar about. A self-directed retirement account is no different than any other retirement account or IRA. Legally speaking, according to IRS regulations, you can self-direct virtually any retirement account, and what you can put into a retirement account is almost limitless. Amanda Holbrook, Vice President of Specialized IRA Services, talks a little bit about the benefits of self-directed retirement account and how to utilize them. If you want to know how you can take advantage of expanding or growing your portfolio using a self-directed retirement account and a little bit about diversification, this episode is for you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Edwin Kelly from Specialized IRA Services is here today to talk about the advantages and flexibility with a self-directed IRA. Whether you need income or tax savings, there are savings and investment vehicles that can help you meet your goals that aren’t tied to the ups and downs of the market. Today, he talks about how everyone needs a customized plan that fits their circumstances, and he talks about the benefits of using a Roth to withdraw tax-free income. It’s also possible to make creative investments like real estate. You are in the driver’s seat and can invest in anything that is legally allowed by the government. You can find Edwin here: Ask Loral Show Notes [01:12] Edwin is a custodian of IRAs. [01:36] When he was young, he read and studied about some of the great businessmen. [01:55] He knew he wanted to be in business, and he was looking for a niche. [02:01] From study, he noticed that starting a business in a new industry allows your business to expand as the industry expands. [02:14] He wanted to find something that would solve serious financial problems and seemed new. He discovered self-directed retirement accounts although they weren't really new. [02:51] Company-sponsored retirement plans haven't worked as well for people as they thought they would, because of company limitations on investments. [03:27] A self-directed space allows someone to get complete control over their retirement account and invest in anything allowed by the government. The possibilities are endless. [03:35] Edwin found that there wasn't a company doing what he was trying to do and he wanted to enable people to be able to invest in what they wanted. [04:01] There is some confusion about self-directed IRAs. There's what people call self-directed and then there is truly self-directed. [05:09] Most investment banks offer a self-directed fund where you can pick anything that they offer. This is limited to stocks, bonds, mutual funds, and CDs. [05:18] A better question to ask is can you buy a foreclosed property with your retirement account and have your retirement account pay to fix it up and then put a tenant in there and collect rent tax free. [05:49] A true self-directed retirement account has a custodian who allows you to invest in anything that the government allows you to invest in without restrictions. [06:24] There are probably less than 30 firms who specialize in what Edwin's firm does. [07:43] The government tells you what you can't do. You can't buy life insurance inside your retirement account. You can't buy collectibles and no self-dealing. Most everything else is allowed. [10:27] At Specialized they create custom plans for their clients. They use individual retirement accounts. Small business retirement plans like solo 401(k)s. The last category is tax-advantaged specialty accounts. [12:25] The Roth vehicle is the only one that allows us to go from forever tax to never tax. All income is not subject to tax. [14:34] You can invest in an LLC and it can hold all kinds of assets. [16:02] Self-directed retirement accounts are going to be part of your picture not all of the tools. Look at your rate of return and see where it makes sense to put something into a retirement account. Consult with an expert and optimize. [20:10] Edwin gives an example of the power of compound interest. [23:40] An example of a 53 year-old attorney who opened a Roth late. He then built a real estate portfolio within that Roth using leverage. His monthly distribution is now $40,000 a month tax free. He built that in 14 years. Links and Resources: Loral’s Real Money Talks Specialized IRA Services

My guest in this episode is Amanda Holbrook. Amanda is a passionate driving force in the world of self-directed IRAs for 10 years and running. Her experience in the self-directed arena & turn-key real estate industry makes her a triple-threat as the Vice President of Business Development for Specialized IRA Services. This culmination provides a unique industry perspective resulting in immediate growth and results for the families and businesses she works with.

Amanda Holbrook from Specialized IRA Services is here with me today. We are talking about self-directed IRAs. We go into the details of how you can open one or how you can transfer an old 401(k) into one. True self-direction is not limited to stocks and bonds. Self-directed accounts allow you to get off of Wall Street and onto Main Street by investing in tangible assets. When it comes to making and keeping money, tax advantages as well as having capitol to invest are major advantages. Having a team to help you set up something like a self-directed account can make it easy to begin earning and saving like never before. Amanda shares strategies and clears up misconceptions about this smart retirement strategy. You can find Amanda here: Ask Loral Show Notes [02:27] Amanda started out working in the conventional lending industry. She then discovered peer-to-peer investing. Then she found out with the self-directed IRA, we can be private lenders to each other. [03:11] Self-Directed IRAs are the vehicle that lets you invest in something that you know. [03:31] True self-direction is not being limited to stocks, bonds and mutual funds. You can also invest in the nontraditional space. [04:34] With a self-directed IRA you have a lot more creative opportunities to get double-digit returns on your money. [04:51] Anyone with a social security number and earned income can have a Roth IRA. [05:16] With an old employer 401K it is to roll it into a self-directed IRA. [05:39] With a Roth IRA you pay the tax on the seed not the crop. [05:44] Get your kids started with a Roth IRA. It's how to build the trust fund babies of tomorrow. [05:52] The entire point is to get the money off of Wall Street and back onto Main Street. [06:28] Get professional pictures of your baby done and issue them a 1099 for the Roth seed. The limit for the year is $5500. [07:13] If this $5500 grows at 10% until your baby is 591/2, you have over 2.5 million of tax free income for your child. Take action today to set your children up monumentally for tomorrow. [08:12] There are three steps to moving a 401k. Once you have deposited the funds, you can pick a non-traditional investment. [09:20] There are no tax consequences as long as you keep the vehicle the same. It's a lateral move. [09:45] Self-directed means you are not limited to, stocks, bonds and mutual funds anymore. [12:04] A Roth IRA is a big piece of how you can keep your money. The taxes are already paid. [12:24] A Roth solo 401(k) is the account to have for self-employed people. You can put 18,500 in the tax-free portion and up to 36,000 in the tax-deferred portion. [13:35] Your Roth IRA can also be zero cost capital. You can take a loan out and pay yourself back. [14:47] You can bite tangible assets like gold, real estate, and other investments. You can have tangible investments that are insured in your tax-free account. [15:58] When you purchase a property and do a deal you do it in the name of your IRA. It is all about how you title the property. All expenses come from the account and all profits go back into the account. [16:49] You can also be a lender. When the money is made payable it's payable to your account. This is how the money grows tax-free. Month after month after month. [17:41] Things that can't be included are life insurance policies, collectibles like artwork, and you can't fund yourself in a business dealing. [18:30] You can't benefit out of the retirement account in the here and now. Your spouse is also off-limits. Aunts, uncles, nieces, nephews, are all okay to do business with. [19:33] Things to look for when finding the team. Find people who practice what they preach. Find innovators who also execute. [21:27] Knowledge doesn't just make you successful. Execution leads to the success. [21:45] Look for experience behind the table. Make sure you are dealing with a fully licensed custodian and make sure you understand the fees. [22:23] There are set up, annual, and transaction fees. Specialized gives unlimited buy sell transactions for a flat fee of $250 a year. [24:17] Think about whether you want to just dip your toe in the water or get your whole family on board with specialized platinum service. [24:28] To take action, you decide, deposit, and direct. Links and Resources: Loral’s Real Money Talks

Do you store your wealth in IRAs? Did you know that you can use that money to invest in real estate? Want to learn all about private money in the self-directed space? If you need cash, you need to go where the money is available to create long-term wealth. Today, my guest is Edwin Kelly, founder and CEO of Specialized IRA Services and Specialized Trust Company, which provide self-directed retirement accounts. Edwin describes how to create a fortune and build a real estate empire using your or someone else’s IRA. Topics on Today’s Episode: In 2017, $24.7 trillion was inside retirement accounts, and in 2018, it was $25.3 trillion; number increases because of new flow of funds into retirement plans Self-Directed: You have a retirement account that allows you to invest in anything that the government allows you to invest in $500 billion in retirement accounts is self-directed; small amount because most people are not aware of what they can do with their money - options are available 172 million Americans have retirement accounts, but only 1% has money set aside that they can actually invest; self-directing changes it from 1% to 70% $1 trillion is expected to come into self-directed accounts in the next decade; people will be looking for investment opportunities that appeal to them Stock market does not generate predictable and consistent income, but real estate is an alternative and the Holy Grail to make such income People look for alternatives; view stock market as not viable standalone option 5 in 100 Americans were financially secure by age 65; 95% failed to create financial wealth or security Investment uncertainty, fees, volatility, and taxes affect wealth creation Record lows follow record highs in the stock market; people become emotional and don’t understand the market or make rational decisions - buy high, sell low Create Wealth: Eliminate taxes, fees, commissions, and uncertainty Is using IRA funds for real estate investments illegal or not? IRS sets restrictions Incorporate private money as part of investment portfolio and capital structure 3 Steps to Success: Open an account, deposit money in the account, and direct money into an investment Links and Resources Mentioned: Specialized IRA Services A Foolish Take: What goes down must come up for the market IRS IRA FAQs Merrill Lynch Edward Jones Chase   Quotes: “If you’re looking to raise money, you’ve got to go where the money is.” Edwin Kelly “Self-directed is where you have a retirement account (that) allows you to invest in anything that the government allows you to invest in.” Edwin Kelly “Most Americans don’t have a lot of discretionary income or money sitting around.” Edwin Kelly “People just don’t trust the stock market because they don’t understand it.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.

Most Americans invest their retirement money in traditional assets, mainly stocks, bonds, mutual funds, and CDs (https://www.cnbc.com/2017/05/30/stocks-vs-bonds-vs-cash-asset-allocation-and-why-its-important.html) . Unfortunately, these types of assets often don’t keep pace with inflation and are not designed to provide stable monthly income. This week’s episode is about to change all that! Today, I sit down with Amanda Holbrook who is the Vice President of Business Development at Specialized IRA Services (https://specializediraservices.com/) . Amanda and I discuss what a self-directed IRA is, how to use it, why to use it and the tax benefits of using it for investments. Amanda goes through the steps on how to use a self-directed IRA using a real-world investment scenario and the returns you can get while not having to pay Uncle Sam. Tip of the Day: You don't know, what you don't know. -Amanda HolbrookTweet This

Amanda Holbrook from Specialized IRA Services joins Dr. Matt Motil on this week's episode of the Cash Flow King Podcast. Amanda provides insight into investing using your self-directed retirement accounts, strategies to invest tax free and grow tax free, and investing together as a family for maximum return!  Get the full show notes for this episode and other great resources on the website www.drmattmotil.com If you'd like to watch this episode, head over to www.drmattmotil.tv and make sure you subscribe to the channel while you are there! 

This is episode #415, and my guest today is my good friend, Edwin Kelly, CEO of Specialized IRA Services. I talk to lots of real estate investors, or those aspiring to get started. A common “need” from investors is access to more capital, and usually it’s said with the underlying belief that it’s difficult to get access to money. Today Edwin shares how there’s more than $25 Trillion (yes, capital “T”) in retirement accounts, much of which is looking for a new home. In fact, there’s over $500 Billion already in self-directed retirement accounts, and that amount is growing rapidly. The money you need to grow your real estate investing business is all around you. You just need more direction on how to tap into it, and direction on how to do it in a way where you're providing incredible value to those folks in the process, certainly relative to where they have their money parked today. We talk all about it on today’s show. Please help me welcome Edwin Kelly to the show. To learn more about our Investor Fuel Real Estate Mastermind, please visit InvestorFuel.com."

This is episode #415, and my guest today is my good friend, Edwin Kelly, CEO of Specialized IRA Services. I talk to lots of real estate investors, or those aspiring to get started. A common “need” from investors is access to more capital, and usually it’s said with the underlying belief that it’s difficult to get access to money. Today Edwin shares how there’s more than $25 Trillion (yes, capital “T”) in retirement accounts, much of which is looking for a new home. In fact, there’s over $500 Billion already in self-directed retirement accounts, and that amount is growing rapidly. The money you need to grow your real estate investing business is all around you. You just need more direction on how to tap into it, and direction on how to do it in a way where you're providing incredible value to those folks in the process, certainly relative to where they have their money parked today. We talk all about it on today’s show. Please help me welcome Edwin Kelly to the show. To learn more about our Investor Fuel Real Estate Mastermind, please visit InvestorFuel.com.

Amanda Holbrook is a passionate driving force in the world of self-directed IRAs for 10 years and running. Her experience in the self-directed arena & turn-key real estate industry makes her a triple-threat as the Vice President of Business Development for Specialized IRA Services. This culmination provides a unique industry perspective resulting in immediate growth and results for the families and businesses she works with.

"Uncle Sam" can have huge impact on profits and success as a real estate investor. Learn about self-directed IRAs and how they can benefit you.  Featuring guest Edwin Kelly,  Chief Executive Officer of Specialized IRA Services.

Edwin Kelly is America’s leading expert on Self Directed Retirement accounts and self-directed investment strategies. He has more than 24 years of experience in the Financial Services Industry. He worked for such notable companies like UBS and BISYS. Edwin is a Founder and currently serves as CEO of Specialized IRA Services. During his career, Edwin has also helped set up a Self Directed IRA provider and grow it from 2 employees with approximately 300 accounts to 15 employees with approximately 3000 accounts. Edwin has helped one Self Directed IRA Custodian to become the largest in the industry. In 7 years, he grew the company from 97 employees to 300 employees, increased the Assets Under Custody from $2 Billion to $12 billion, and participated in the successful acquisition of 3 competitors. Edwin is an avid educator, adding value to clientele by developing significant knowledge assets at every company he has worked with. His passion for helping others learn about their Self Directed IRA options has made Edwin a popular and engaging speaker who is frequently invited to speak at seminars and workshops, in webinars, and as a radio guest. Edwin has made several special appearances on the Money Show, and his work and ideas have been featured in major national magazines and newspapers throughout the United States. Topics he is frequently asked to speak about include: What the average person can do to take charge of their finances so they can stop worrying about money and can look forward to a comfortable retirement Little-known investment strategies that have helped people retire sooner than they expected Completely legal secrets to growing wealth tax-free Edwin Kelly is a member of RITA (The Retirement Trust Association), attended The Ohio State University, and holds an MBA from Franklin University. He is the co-author of the bestselling book Leverage Your IRA. He is currently writing his next book, The Retirement Dilemma and 7 Specialized Strategies You Can Implement to Solve It. What you’ll learn about in this episode: The main two types of IRAs that exist The three things that you cannot do with IRAs How the government thinks & operates when it comes to handling IRAs Some of the more popular things that you can do with IRAs The critical difference between traditional IRAs & Roth IRAs Where most investments happen within IRAs A little-known rule when it comes to retirement account investing The importance of having open conversations about money & creating a financial plan Why you need to be committed to rewriting your family legacy Resources: REInvestorSummit.com/Specializedira REInvestorSummit.com/noteservicing REInvestorSummit.com/live REInvestorSummit.com/100 REInvestorSummit.com/101

While self-directed retirement accounts are becoming more and more common, there are a few 'alternatives' that have massive benefits that you need to know about. Specifically, Solo 401K accounts and Health Savings Accounts. Real estate investors and small businesses are in business to build wealth...and keep as much of their income as possible. If you're not familiar with these very powerful tools...you need to be. Edwin Kelly of Specialized IRA Services joins us on the FlipNerd.com Expert Interview show to tell us more. You need to watch this! Do you want to be a real estate investor but need step-by-step guidance to help get you started? The Investor Machine is a 90-day program with training, weekly tasks, bi-weekly group calls, and more! Schedule a free call to discuss your goals today!

Finally detailed information on self-directed savings plans. This episode contains information on the costs to set-up and administer a solo 401(k), traditional and Roth IRAs and an HSA (Health Savings Account). Edwin Kelly of Specialized IRA Services also shares tips and tricks for managing your savings account while building your personal wealth. He cites two examples of new investors who were able to gain wealth for their retirement in a short period of time.   Key Takeaways: [5:13] What is the difference between a custodian and an administrator? [8:57] Success in self-directed IRAs requires a customized approach [12:26] Self-directed IRAs offer sufficient passive income in a short period of time [13:45] Typical Americans can double their monthly retirement income [18:30] Additional benefits of traditional and Roth 401(k)s [23:01] How expensive is it to open up a solo k or a self-directed IRA? [26:50] The HSA marries tax benefits of both the traditional IRA as well as the Roth IRA [34:17] Invest in real estate for a cash flow machine that funds your HSA [35:56] How easy are investment plans to administer? [36:37] Should an investor add an LLC in an IRA?   Mentions: JasonHartman.com Specialized IRA Services

The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason's guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee's to help you make an educated decisions about your investment future. You'll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know.    Key Takeaways:   Jason's Editorial: [2:02] Self directed IRA investing [4:19] Nathan asks about out of state rental properties  [5:19] Have at least 4% of the properties value in the bank as an emergency fund [7:22] Steve asks about Jason's foundation [9:12] Steve also asks about credit history and bankruptcy [12:06] Asset based financing; a hard money loan   Edwin Kelly Interview: [14:29] Would Donald Trump be a good president? [16:04] Invitation for Warren to be on the show [16:58] IRA Custodians, Administrators what's the difference? [18:01] What are the fee's of self-directed IRA's [19:22] There is no fee sharing or back end money [20:40] A customized approach to IRA's [24:08] People need passive income  [25:47] An everyday example of buy and hold real estate investing [30:11] Solo 401k or Individual 401k [34:46] Solo k paperwork was cumbersome and complex  [35:55] $400 annually for a self directed IRA and $700 for a 401K [38:32] HSA - Health Saving Account  [39:53] An HSA works by marrying the tax benefits of the traditional and Roth IRA's  [41:22] Are you able to pay for proactive executive health physicals via a HSA? [42:51] Breast Augmentation for medical reasons is a qualified medical expense [45:17] An HSA is not a Flexible Saving Account [45:55] Investing in buy and hold real estate from the HSA [47:35] HSA and IRA are fairly easy to administer [48:20] An LLC inside of an IRA?  [51:08] Multiple LLC's for asset protection   Mentions:   Specialized IRA Services 

On this Best Deal Ever Episode, we are joined by Edwin Kelly, CEO of Specialized IRA Services. Edwin has been in the self-directed retirement space for years and is a wealth of knowledge when it comes to how to most effectively utilize this vehicle to grow wealth. Listen in as he discusses how one of his clients turned $500 Roth Contribution into a $40,000 profit ... all inside of a tax free Roth account!