Self Directed IRAs are Trash – There is no other way to say it!

by | Aug 4, 2022 | Self Directed IRA | 15 comments

Self Directed IRAs are Trash – There is no other way to say it!




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Description:
People pushing self direcred IRAS are just trying to get paid, and your money – as there are SOO many other ways to use your retirement savings to invest in real estate with WAY MORE BENEFITS!

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15 Comments

  1. MrsJocelynH

    Thanks for this, I’m young & looking into this!

  2. matt black

    this is such a good video

  3. kimba007

    The only person on the internet that calls an I.R.A. ……..IRAH
    This for victimhood mentality

  4. Lavon A Woods

    A lot of missing info here but essentially you can gain control of the IRA but via an attach LLC and LLC bank account. No need to pay a custodian for transactions. Also solo 401k is only for those without employees. So that could eliminate a lot of people. Also a Roth IRA has completely tax free gains. A 401k does not. So there are pros and cons to both. SDIRA is absolutely not “trash” if done right. (@ldubbceo)

  5. John Armstrong

    The reason the 401k is so flexible is that uncle sam is counting on you to make a grip with your investments. When you are forced to take mandatory minimum withdrawals when you are old, the IRS is going to be all up in your wallet collecting taxes. Pay no tax now, but pay big time later with the IRA, 401k, 403b, 403m.

    Or, pay taxes now and get tax free withdrawals with a Roth when you are old.

    Ask your accountant/financial advisor.

  6. J P

    Which crypto exchanges except a solo 401K as a legal business entity to open a new account? Blockfi accepts revocable trust and self directed IRA to open a business account. I'm interested in investing in crypto with a business acct.

  7. Chris Allen

    Very interesting title. I’m thinking of moving money from a 401k to a self directed IRA.

  8. ian Kingston

    Wow that is a steal I will look mark nolan up.I will tell him you referred me. Anderson Consulted wanted 3 to 4 k .

  9. Drew Mo

    an IRA is a long term investment you should have the understanding that the money that you invest int this vehicle should not be touched for the time that it takes for it to mature ,otherwise tax penalties will be involved.
    Remember this is a long term investment not a a short term one

  10. N SHELL

    Are you buying gold in the form of gold coins? From the govt. or other means? Does anyone buy gold bars, if so, where from?

  11. Tale of Two Journeys

    Solo 401K is self employed, if you have an employer seems like SDIRA is the only option??

  12. Xeno Libra4519

    I loved your information…Can you use the money in the 401 to pay the lawyer

  13. Yolande Wesley

    Hi Lisa, I just wanted to say how much I really appreciate it you covering this topic. I am going to dig into it and find out more because I'm a member of a local REIA, and someone is always talking about self-directed IRAs.

  14. William Sapp Sr.

    Hi Lisa,
    I appreciate your way of delivering/explaining many details not provided via the institutions promoting the self-directed IRAs. Clarifying the Solo 401k more personally helps and I’m able to realize the fuller potential options regarding what I’m looking to do going forward. I’m one approaching retirement age, though not ready to retire yet – but changing careers… Wanting to get off to the best start, lining things up is kind of challenging and a learning process in one and that’s not including juggling parenting obligations. I’m getting there and with people like you out here blazing trails while providing guidance/insight and the like are more blessings in itself. Keep spreading the knowledge to the 99 presenters, awakening is key!

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