This week’s guest is Terry White, the president and CEO of Sunwest Trust, Inc. Sunwest Trust, Inc. is a financial services firm that offers real-world solutions to clients who need help with their self-directed IRA and escrow management needs.

Terry started First Financial Escrow, Inc. Over the next few years, he also started other businesses like First Financial Equities, Inc., Asset Ventures, Inc., and First Financial Marketing, Inc.

Aside from acting as CEO of Sunwest Trust, he was also appointed to serve on the Board of the New Mexico Finance Authority.

Topics:

Terry’s background and what his company does
How he started Sunwest and how they are helping their clients
Why he started the trust company
On doing your due diligence and understanding what you are investing in
A lot of money on the sidelines just waiting for a good investment
On diversification
Buying and selling owner financing
Thoughts about investing on debts or buying notes
On self-directed accounts
The key is knowing what you’re doing
Different ways you can invest in real estate using a self-directed retirement account
On making offers
What some of the prohibited transactions are
What a checkbook IRA is
Difference between a 401K and an IRA
Terry’s favourite type of account
Risk versus reward

Quotes:

“You need to do your due diligence and understand what you are investing in.”
“I think it’s super important for people to take their time to educate themselves so that they don’t take their retirement account to an investment that they may not be the best one for them.”
“The higher the reward you get, the higher the risk.”…(read more)

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Self-directed IRA investing is a unique and flexible way to grow your retirement savings through alternative investments. When it comes to this type of investment, two experts in the field, Terry White and Larry Goins, have proven themselves as authorities in the self-directed IRA landscape.

Terry White is the founder of Sunwest Trust, a company that specializes in self-directed IRA administration. With over 40 years of experience in the financial industry, White offers his expertise to help individuals navigate the complexities of self-directed IRA investing. Larry Goins, on the other hand, is a successful real estate investor and author who has used self-directed IRAs to grow his own wealth. He shares his knowledge and strategies with others looking to make the most of their retirement funds.

One of the key things to know about self-directed IRA investing is that it allows individuals to invest in a wide range of alternative assets beyond the traditional stocks and bonds. This can include real estate, precious metals, private placements, and even cryptocurrency. By diversifying your retirement portfolio with these unconventional investments, you can potentially achieve higher returns and better protect your savings against market volatility.

Another important aspect of self-directed IRA investing is the need for due diligence and proper research. Before diving into any investment opportunity, it’s crucial to thoroughly vet the asset and understand the risks involved. Both Terry White and Larry Goins emphasize the importance of educating yourself and seeking professional advice when needed to make informed decisions about your self-directed IRA investments.

Additionally, self-directed IRA investing requires compliance with IRS regulations to ensure that your retirement savings remain tax-advantaged. Working with a reputable self-directed IRA custodian, such as Sunwest Trust, can help you navigate the rules and regulations while providing the necessary support for your investment activities.

In conclusion, self-directed IRA investing offers a unique opportunity for individuals to take control of their retirement savings and pursue alternative investment opportunities. With experts like Terry White and Larry Goins guiding the way, investors can learn the ins and outs of self-directed IRAs and potentially boost their retirement funds through strategic and diversified investments. Whether you’re interested in real estate, precious metals, or other alternative assets, exploring self-directed IRA investing could be a game-changer for your financial future.