A self-directed individual retirement account (SDIRA) is a type of individual retirement account (IRA) that can hold investments that a typical IRA cannot, such as precious metals, commodities, and real estate. Today’s guests debate the pros and cons of a self-directed IRA and who should invest in such a vehicle.
John Bowens, Sr. Retail Sales Manager and National Educator for Equity Trust Company says, “The first mistake investors make is trusting a 3rd party.” A custodian isn’t going to do its due diligence to ensure it’s a safe and sound asset. The investor in a self-directed IRA acts as their own financial planner.
Tom Wheelwright, Rich Dad Advisor on Taxes says, “You have a lot more freedom, but it also brings a lot more responsibility.” Wheelwright goes on to explain from a tax position, the benefits and downsides of an IRA.
Hosts Robert and Kim Kiyosaki and guests John Bowens, Jeff Desich, and Tom Wheelwright discuss the pros and cons of a self-directed IRA, and how to avoid the biggest mistakes people make with IRAs.
Link to education modules discussed in the show:
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LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
End sorry grandfa I'm bd I'm berry sorry I'm tell u grandfa….
Hd ko gusto Po lahat to sir Robert I'm SORRY
Great content. Love it however your commercial frequency is excessive.
Can you convert an IRA into a Self Directed IRA?
Here's a tip, if you can get $30k+ in a Roth IRA after age 60; you MAY be able to day trade it tax free! Some brokers allow you to trade intraday with a Roth (if not, swing trades are good; I don't like uncontrollable overnight volitility and I'm not a fan of morning volitility either.) This is only for those who are good at it, if not good at day trading; then just work a job or run a business and sock it away in SP500.
How about dealing with crypto curencies, is it better to deal with a self directed traditional ira or roth?
@ 3:15 we don’t own one. That’s all I need to no. I know about them.
Great Education. I Personally have Used Equity Trust for the last 10 plus years and have 7 accounts open with them and my family. Very easy to use. Even if you don't decide to use them follow their education and learn and grow. John Bowens is a great speaker and i have reached out to him numerous times on different investment ideas and he is able to give you the law and how the taxes would work. Thanks
Powerful information from all of them…
There’s more than one way to win the game… Just learn and actually play the game…
When it comes to investing, I’m so ignorant about it, I hereby ask; What’s your say or thought for anyone with over 100K $ looking for the best ways to make good returns off it? I will appreciate good ideas here.
It was not mentioned but high fee actively managed mutual funds can also take a toll on your financial gains. Over 30 years easily reducing your wealth by 150 to 300 thousand for the average investor. Compared to passive investments like a total stock market index fund that often run at fraction of the cost.
Great show. Please keep making more.
I only invest in Gold and silver have 3 houses no dept. Own all ! 3rd generation jeweler ! Bought another 8 oz. of gold bullion at spot from a good friend doing it hard today ! I have 13 months cash always that gets toped up ! I swap crypto junk for real value GOLD ! Cash ! Silver ! I am my own bank , agent ,keeper and boss ! From knee high taught to save in gold silver ! Or buy gold and make jewelry to make triple from 1 oz. i DO NOT NEED THE SYSTEM OF IDIOTS TO SPEND MY $ ? Or use it to make their ass comfortable all middle men and thief's controlled sheep ! Sorry !
Kinda funny. Robert says most American's don't have $1000 and then they play an advertisement for masterworks where they say that Americans are sitting on more money than ever.
Can you also provide the information of the Tax advisor , Tom or someone similar you trust ?
Great content man! If you failed to buy Bitcoin in the first place, I think now is the best time to buy again. I've been in the crypto space since 2014 and the profits I’m making from crypto helps me stay financially stable
43:34 I hear you on this. Also time and money wasted on college scams. Keep us poor so the society system can fill the 1%'s pockets. Comm'on with the 'charity and philantropy', without the poor slogging they can't get rich. There's no saint government on earth. Either you eat em, or they eat you. Pick your poison. That's life. Thank you Robert K for inspiring so many.
Hello, I wanted to ask do you own any of Shiba Inu coins?
Biden is intentionally stunting supply of oil to further the new world order elites agenda. Well Biden’s economic something or another, Brian Deese just told us on national tv “high Gas prices are necessary to further the LIBERAL WORLD ORDER!!!!
O
M
G
Great content, Money is worthless until you put it to work…. I made my 1st million invested in Crypto. Making money is the plan and with Crypto Investment your plans can be fulfilled.
I'm stunned this crowd esp Bob didn't have more to say about not being allowed to store your own physical gold
Great video! just curious how people split their pay, how much of it goes into savings or investments. I earn around $100K per year but nothing to show for it
I'm no longer waiting for the GRANT LOAN because I earn $50,000 every 7 days recently
Looks like with high inflation, people are selling bitcoin, gold, silver and stocks to pay for groceries, rent, and car repairs. This is probably why everything investing is getting cheaper.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.
Your views on money, inflation and the economic and banking system are very interesting and relevant. More interestingly, One of the Islamic scholars namely Sheikh Imraan Hossein also has a view almost similar to yours in his book entitled “Islam And The Monetary System”. I would love to see if you and Sheikh Imraan Hossein discuss together in one platform. When the opinions of Investors and Islamic Scholars meet together, it will definitely give a difference from an interesting point of view.
Thanks for keeping it real robert.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
By the time on this date I figure .my next move I could be dead! The best I can! do or you arm your self
I'm a couple years away from retirement and watching my IRA dwindle. I don't want to take it out and suffer the tax burden, I thought a SDIRA might afford me an opportunity to invest in things making money or at least not losing money.