What is a Self Directed IRA? Getting Started

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Mat Sorensen - Wealth Lawyer & Entrepreneur

3 жыл бұрын

Welcome to our first episode of the Directed IRA Podcast! That's right this is our inaugural episode. Mat Sorensen and Mark Kohler are tax lawyers and explain what self-directing your IRA is all about. Self-directed IRAs can invest in any investment allowed by law and you can buy real estate, private companies and funds, small businesses, and cryptocurrency and precious metals with a self-directed IRA or 401(k). We break it all down in this podcast.
The Directed IRA podcast is an educational resource provided by Directed IRA & Directed Trust Company directedira.com/.
Directed IRA has helped thousands of self-directed investors and has processed over half a billion in self-directed transactions. It is the highest-rated self-directed IRA custodian based on verified google reviews and takes pride in providing knowledgeable and helpful service to its customers.
Self-directed accounts can be fully opened within 5 minutes using Directed’s online e-sign application. directedira.com/open-accounts/
The Self-Directed IRA Summit is an annual educational event (1 ½ days) providing live self-directed IRA education and networking and is hosted by Directed IRA. You can register for the upcoming Summit or can buy the recording of prior years at sdirasummit.com/
Mat Sorensen’s book, The Self-Directed IRA Handbook, is the number one book on self-directed IRAs and has sold over 30,000 copies. You can purchase the book and follow important updates at sdirahandbook.com/

Пікірлер: 44

@_niyabella Жыл бұрын

Never learned about this in any of my business courses while in Uni. You two have probably explained this better than what $6k/semester would've gotten me lol.

@davemaurer7341 4 ай бұрын

You guys are GREAT, so.lookjng forward to educating our clients and getting them over to Mat, Nate and the team!!!

@MatSorensen 3 ай бұрын

Glad you enjoy the content! Thank you.

@julienaudet9782 2 жыл бұрын

Im going to listen to the rest of the podcast, but where do you find notes to invest in??

@Cardroid 3 жыл бұрын

thanks for this as well!

@tarheelgarden Жыл бұрын

is there an audio version of the book?

@CindaMurphyRealEstate 5 ай бұрын

I had a 401k. After I quit, I rolled it into an IRA. Can I turn that into a Self Directed IRA now? I’m a realtor now and I want to invest all my money into RE instead of the stock market. A friend of mine says I can’t because that was from W-2 income and I am now self employed. Here’s what she said, “I hate to burst your bubble- but unless you can transfer over other self employed Ira funds into SDIRA, it’ll take you a long time to build up enough to purchase. You can contribute up to 100% of income up to 250k i think every year, but you can’t as you need to live on some, if not all your income. ☹️. I know this isn’t want you want to hear- but that’s the only way to fund a SDIRA. From other self employed Ira’s or ongoing from current self employment income. I couldn’t roll my regular IRA in it, only my SEPs & Simples. (Self employed Ira’s). “

@tl57345 3 жыл бұрын

Great Vid guys, I just ordered your updated book through Amazon. I’m looking forward to it.

@MatSorensen Жыл бұрын

You rock!

@billcavanaugh1682 3 жыл бұрын

Thank you for doing this podcast. I had never been exposed to this possibility until about 4 months ago.

@MatSorensen Жыл бұрын

Awesome, thanks Bill!

@Vrie. 4 ай бұрын

Excellent information! Can you make more content for small business owners? Any guidance would be appreciated

@goguryeorising4247 2 жыл бұрын

If I have two LLC's that do different kind of business, is it legal to have two self-directed IRA accounts, two self-directed Solo 401K? Thanks.

@betsy773 2 жыл бұрын

Thank you for this information!

@MatSorensen Жыл бұрын

You’re welcome.

@brianpeterson3752 2 жыл бұрын

Mark is hilarious. Probably a ridiculously funny dude to grab happy hour with LOL

@MatSorensen Жыл бұрын

Yup Brian, Mark is always entertaining, especially after 5 Rockstars.🚀🚀

@roberttomsiii3728 3 жыл бұрын

If your book was on audible with a good narrator; I would pick it up there. Thank you for doing these pod casts and videos. Like and Subscribed.

@MatSorensen 3 жыл бұрын

It's coming soon. I'll let you know as soon as it is available. Thanks for watching.

@francksnotes7130 3 жыл бұрын

@@MatSorensen Waiting for that as well you guy’s books on audible. Getting accounts set up at DirectedIRA and KKOS right now. Subscribed!

@anonymous-if7fx 3 жыл бұрын

can stocks be rolled over from a brokerage like robinhood, eTrade, etc to a self directed IRA? if so, is the rollover tax free?

@MatSorensen 3 жыл бұрын

Did you buy the stocks with your retirement account? If so then yes you can roll it over to a self-directed IRA tax free. If you bought the stocks with your own money then unfortunately you will be taxed.

@jiyenshin5163 2 жыл бұрын

My sister is a teacher and has 403B through the teacher's union. Can she set up LLC IRA from 403 B? Another question is if you buy a property from LLC IRA, can you get a loan or it has to be all cash? Thank you for the wonderful educational information.

@MatSorensen 2 жыл бұрын

Hi Jiyen, yes she can rollover her 403B into a Self-Directed IRA. Yes you can get what is a called a non-recourse loan to buy a property with your IRA LLC.

@fortgrove3166 Жыл бұрын

How much can you contribute to a self-directed IRA? I know with my Roth IRA is 7300 a year. Is it the same amount?

@rickwise6259 Жыл бұрын

Question: Isn't "self directed IRA" a misnomer? I have a "regular" IRA with E Trade and I "direct" it. that is -- I decide whether to invest in Mutual Fund A or Mutual Fund B. In that sense it is "self-directed". What you are discussing is better named a "Non--Traditional Asset IRA". Instead of an IRA that has a Custodian that only allows traditional assets, your version is an IRA with a Custodian that allows both traditional and non-traditional assets. Am I correct on this?

@MatSorensen Жыл бұрын

That’s a preference. I’ve worked in this area for 16 years and it’s commonly referred to as a self-directed IRA. I’ve never heard anyone call it a non-traditional asset IRA. These terms were around before I got into the field 16 years ago though. I just rolled with it. I will say some institutions call the open architecture IRAs and some investment sponsors call them alternative asset IRAs.

@rickwise6259 Жыл бұрын

@@MatSorensen Thanks Mat. And just to be clear, I wasn't intending to be critical. I know this nomenclature is industry wide. I was just trying to make sure I understood its essence.

@teetimewisdom90 Жыл бұрын

I have the book, it’s a great guide!

@MatSorensen Жыл бұрын

Amazing!

@paulromero3783 2 жыл бұрын

I am 60, just retired and have a TSP account. If I roll it over to a SDIRA and start to invest in rental property do I have to wait 5 years to start drawing from the SDIRA?

@MatSorensen 2 жыл бұрын

That applies to the Roth IRA accounts you must wait 5 years to withdraw without penalty. If you open a traditional you just have to wait until retirement age when you can start taking distributions without penalty but you will pay the taxes associated to that income.

@iamhvrcrft 2 жыл бұрын

2 hours and u never actually explained how to cash out and what the fees are or how about a strategy to get the money into my bank account so I can spend it

@ssnydess6787 2 жыл бұрын

It's very frustrating, I have been trying to work through the process with KKOS (marks company, and was apparent from the start my assigned lawyer, Alison was not knowledgeable in how to set up a self directed Roth IRAand I waited weeks for a reply after paying ($1400) for a revocable personal trust and not getting any updates or direction in what I needed to do next. I have left numerous messages with Alison and with the office manager to no avail. I did figure out on my own how to set up the directed Roth (that company was much more helpful) but not how to set up the checkbook LLC to control it. Impossible to get help from Mark's team...

@MatSorensen 2 жыл бұрын

Thanks for the comment. We will look into this and get it fixed. Thanks

@ssnydess6787 2 жыл бұрын

@@MatSorensen thank you Mark. I need your help to get this going ASAP. You are my hero.

@keishawilliams869 9 ай бұрын

A 401K CAN OWN A LLC? I have a self directed IRA and trying to determine best investment option to do #help

@planfire 2 жыл бұрын

So I can buy rental property with my ira account? That's amazing.

@MatSorensen Жыл бұрын

Yes, you can.

@lanyonheinemann9162 2 жыл бұрын

cant make it through...

@MatSorensen Жыл бұрын

How can I help you through? Happy to answer any of your questions on self-directing with an IRA.

@JudgeCommitee-ck5wq 5 ай бұрын

Just got through how do I help you too

@alexanderdelapaz7499 2 жыл бұрын

5 minutes in and they still haven't explained a self directed IRA lol

@manleynelson9419 4 ай бұрын

Most people have already know what a self-directed IRA is so they're probably not jumping right into the definition of that but you can go pull it up on the internet very quickly. It's just an IRA that has certain tax benefits where you can pull money out of it to use to make money in real estate for instance and capital gains and not pay any tax on it and then put it back into the self-directed IRA without any penalty. But the interesting part of this conversation isn't about self-directed IRAs per se. It is about the fact that you can take your 401k which is not performing which doesn't allow you to make capital gains and other real estate speculation and put the money back in at no taxable capital gain.