The RIGHT way to Invest with your Self-Directed IRA [QnA]

Рет қаралды 3,590

Mat Sorensen - Wealth Lawyer & Entrepreneur

Күн бұрын

Dive into this video with my partner Mark J. Kohler, as we explore the essentials of maximizing your self-directed IRA investments. Discover actionable strategies and insights to elevate your retirement planning and investment portfolio.
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Connect with Directed IRA:
🌐 Website: directedira.com
☎️ Call for Assistance: 1-800-865-8550
📱 Schedule a New Account Call: directedira.com/appointment/
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Schedule a Free 15-minute new account phone appointment with one of our experienced Senior Account Executives regarding a Real Estate IRA, Crypto IRA or a Self-Directed IRA.
directedira.com/appointment
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00:00 Introduction to Self-Directed IRAs - An overview of investing with self-directed IRAs and the importance of being educated about the process.
00:31 Hosts Introduction & Episode Topic - Introduction of hosts Mark Kohler and Matt Sorensen, and the episode's focus on investing with self-directed IRAs.
01:00 Investing in Non-Traditional Assets
01:49 Preparing Your Account for Investment
02:18 How to Start Investing with Your Self-Directed IRA
02:45 Using an HSA or IRA to Own Rental Properties
05:12 Establishing a Self-Directed IRA LLC
07:20 Flexibility of IRA LLCs
08:21 Asset Protection and LLCs
09:23 Preparing for Real Estate Investments
10:29 Legal and Professional Support
11:27 Managing Properties Owned by Your IRA
12:56 Considering Property Management
13:20 Casual Conversation & Lunch Plans
14:16 Investing in Stocks with Your IRA
17:21 Alternatives for Trading Stocks in an IRA
Found this video helpful? Click the Like button & share with others. Subscribe to my channel and click the 🔔 icon for notifications when I post a new video. Don't forget to leave your questions in the comment section below!
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Websites:
directedira.com/appointment
kkoslawyers.com
mainstreetbusiness.com
matsorensen.com
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Facebook: / mat.sorensen.1
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🚀 Disclaimer: This podcast is for educational purposes only and does not constitute financial advice. Consult with a qualified professional before making any investment decisions.

Пікірлер: 20

@Assanah_P7727 3 ай бұрын

I should add both brokerage and bank checking accounts are for the benefit of my retirement account. The checking account allowed me to invest in all assets except stocks, bonds and mutual funds which I used the brokerage accounts. I was allowed to do ACH plan to plan transfers from brokerage accounts to my bank checking account and from checking back to brokerage.

@tonymartinez5885 4 ай бұрын

Great content as always!

@MatSorensen 4 ай бұрын

Thx Tony!

@Assanah_P7727 3 ай бұрын

Hello Mark and Mat, I listened to you both on KZfaq, The right way to invest in a Self-Directed IRA. It was not clearly explained the difference between a Traditional IRA which is set-up by a brokerage company and a Self-Directed IRA setup by Directed IRA Yes, you can have a Trust or LLC checking account for your retirement account. I have a Solo 401K inside of a Trust using my Trust document I was able to setup a Trust checking account with any bank or a brokerage account. Thanks, Patrick.

@raysadeleon9254 4 ай бұрын

Can I use my solo traditional IRa acct to pay for education, not a loan but direct payment towards education

@directedira 4 ай бұрын

Unfortunately, items like education are a personal benefit to you and wouldn't be a proper payment directly from an IRA. IRA funds must be used for investments that benefit the IRA, and you get your benefit through distributions. An ESA however (Coverdell Education Savings Account), is and plan that can be self-directed, invested, and the investment gains can be used to pay for qualified education expenses for a designated child or grandchild. Hope that helps!

@MatSorensen 4 ай бұрын

Unfortunately no. That’s prohibited.

@jaycox1836 4 ай бұрын

This sounds great. Can you please help me understand the exit strategies. The IRS expects me to deplete this account before I die. What do I do when RMDs kick in and what happens when I die. Do I just sell off the real estate and or the whole LLC?

@MatSorensen 4 ай бұрын

Hi Jay, If it’s a Roth IRA there is no RMD. If it’s traditional then yes you have RMD (currently age 73). At RMD age you do have to start taking out some money. For rentals or notes owned by an IRA usually the cash flow or payments cover RMD (rmd is around 4% at first so 100k asset end would be $4k a year). If the asset is not income producing (say raw land or illiquid private fund or stock with no income) you could satisfy RMD from other assets, cash, or even other IRA accounts but if none of those are options you would have to sell the asset to satisfy RMD or you could take it personally as an in-kind distribution as well (requires valuation of asset to distribute out of IRA and then you own personally, taxed on value of distribution).

@jaycox1836 4 ай бұрын

@@MatSorensen thanks for the quick reply. Yes, thinking about Qualified accounts, and also my heirs. An in-kind distribution would likely put my heir into a painfully high tax bracket, homes are expensive here. No step-up in basis on these investments when I die, so it seems I should spend down or convert qualified accounts into Roth as early as possible. Thanks!

@mapoune1 4 ай бұрын

How to buy CDs with A SDIRA LLC , my custodian does not make this possible. I have also standard Trad IRA and Roth in my own name with Fidelity, but can’t transfer funds from BOA (Where my SDIRA funds are) to Fidelity. Yet it is the same IRA, I have to take yearly RMD on both.

@MatSorensen 4 ай бұрын

There are some custodians that allow the purchase of CD's in your SDIRA. You want to make sure you speak with a representative that can let you know if they allow your investment types.

@mohammeduddin4907 4 ай бұрын

is there any way to achieve anonymity while self-directing and buying real estate?

@MatSorensen 4 ай бұрын

Yes, but it depends on the state where you’re buying real estate. Using an LLC in a state that allows privacy is the best start. My law firm KKOS Lawyers can help sort that out and your options. Also, for IRAs owning real estate directly we have an option to just list your account number is read of your name on the IRA ownership vesting. Call our team at Dirceted IRA on that one.

@mjbowhunter 4 ай бұрын

my roth is in my etrade account which I manage, is this considered a self directed? or is there legal verbiage that needs to be attached to it to be considered self directed?

@lindsayinthemountains 4 ай бұрын

Many companies claim to offer "self directed" IRAs. Most just mean you can pick the stocks/bonds/mutual funds you want. With Directed IRA "self directed" means you can invest in private/alternative investments like real estate, crypto, private lending, etc. That is the "truly self directed" account Mat and Mark are referring to.

@MatSorensen 4 ай бұрын

You need to be at a provider that allows a Self-Directed IRA.. You can learn more at our site WWW.DirectedIRA.com/Learn

@mjbowhunter 4 ай бұрын

@@MatSorensen thank you