Corey Daharsh from Advanta IRA Discusses the Basics of Self-Directed IRAs

by | Nov 17, 2023 | Self Directed IRA

Corey Daharsh from Advanta IRA Discusses the Basics of Self-Directed IRAs




Welcome to Curtis’ Corner, a segment hosted by Hudson Investing’s Vice President of Investor Relations, Curtis Edwards. On this episode,we chat with Corey Daharsh. Corey is the business development specialist at Advanta IRA. Advanta IRA is an elite provider of self-directed plans serving clients across the nation. Their mission is to enlighten and empower people who want to take an active role in building retirement wealth.

Born and raised in central Florida, Corey is a University of South Florida graduate. He worked in the finance and banking industry for several years before joining Advanta IRA. Corey is a Certified IRA Services Professional (CISP) and delivers exceptional service and self-directed expertise as he educates investors on the power of self-directed accounts in the Carolina/Tennessee region. Welcome to the show, Corey!

Key Points From The Episode:
-What is a Self-Directed IRA?
-Corey’s background and upbringing.
-How Advanta IRA helps individuals take control over their retirement.
-Self-Directed IRAs vs more traditional alternatives typically recommended to investors.

Hudson Investing’s Guide To Self-Directed IRAs:

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Thank you for listening!…(read more)


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Understanding Self-Directed IRAs W/ Corey Daharsh From Advanta IRA

When it comes to saving for retirement, there are a variety of options available to individuals. However, one option that is often overlooked is the self-directed IRA. To gain a better understanding of what a self-directed IRA is and how it works, I spoke with Corey Daharsh, a self-directed IRA specialist from Advanta IRA.

A self-directed IRA is a type of individual retirement account that allows individuals to invest in a wide range of assets, beyond the traditional stocks, bonds, and mutual funds commonly found in regular IRAs. With a self-directed IRA, individuals have the freedom to invest in real estate, private equity, precious metals, and other alternative investments.

Corey Daharsh explains that self-directed IRAs offer investors the opportunity to diversify their retirement portfolio and potentially earn higher returns compared to traditional investments. “By having the ability to invest in alternative assets, individuals can take advantage of unique investment opportunities that may not be available in traditional IRAs,” says Daharsh. “This can be particularly beneficial for individuals looking to grow their retirement savings at a faster pace.”

One of the key differences between a self-directed IRA and a traditional IRA is the level of control and decision-making power that the account holder has. With a self-directed IRA, the account holder has the autonomy to choose which investments to make, rather than relying on a financial institution to make those decisions. This puts the individual in the driver’s seat when it comes to their retirement savings, allowing them to invest in assets they are knowledgeable about and passionate about.

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However, with this increased control comes increased responsibility. Self-directed IRA account holders need to be aware of the rules and regulations surrounding their investments, as well as any restrictions on prohibited transactions. Corey Daharsh emphasizes the importance of working with a knowledgeable custodian when managing a self-directed IRA. “Having a reputable custodian that specializes in self-directed IRAs can provide valuable guidance and support to ensure that investors remain compliant with IRS regulations,” Daharsh says.

Overall, self-directed IRAs offer individuals a unique and flexible way to save for retirement. By being able to invest in a wider range of assets, account holders have the potential to grow their retirement savings at a faster pace. However, it is crucial for individuals to educate themselves and seek guidance from professionals to navigate the complexities of self-directed IRAs.

To learn more about self-directed IRAs and how they can benefit your retirement savings strategy, contact Corey Daharsh at Advanta IRA. With his expertise and guidance, you can gain a better understanding of the opportunities available with self-directed IRAs and make informed investment decisions for your retirement future.

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