Do you have a traditional IRA? You might want to check out self-directed IRAs instead. In this video, learn how to set up a self-directed IRA and the benefits that come along with it.

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Watch And Enjoy!
Mitch Stephen

Key Moments In This Episode
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00:00 Intro & Summary
00:32 Disclaimer
01:02 Self-Direct Retirement Plan
01:45 Defer Your Taxes
02:17 Traditional vs Roth IRA
04:50 My Recommendation
07:07 Check This Out!

What To Watch Next
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How To Buy And Sell Real Estate For Financial Freedom | Part 1

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About Mitch Stephen
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Mitch Stephen has been a self-employed RE investor for 25+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.

Mitch Stephen has purchased well over 2,000 houses in and around his hometown of San Antonio, TX. A high school graduate, who never stopped learning. Books, CDs, seminars, and webinars were his classroom.

Today he specializes in owner financing properties to individuals left behind by traditional lending institutions and giving new life to properties that scar the neighborhoods.

He has perfected a method of achieving cash-flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal.

He has pioneered the idea that you don’t have to give discounts to sell your notes.

A passionate speaker who delivers the message of integrity first and profits second; an expert at keeping it simple and explaining, in plain English, the theories that made him financially independent. He is always an inspiration to those around him.

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Video by Nate Woodbury
BeTheHeroStudios.com

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LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

A self-directed Individual retirement account (IRA) is a type of retirement account that allows you to invest in a wider range of assets than a traditional IRA. With a self-directed IRA, you have the freedom to choose your own investments, including stocks, bonds, real estate, and even alternative assets like precious metals or cryptocurrency. Setting up a self-directed IRA can be a smart financial move for those looking to take control of their retirement savings and potentially grow their nest egg faster.

To set up a self-directed IRA, you first need to choose a custodian or trustee that specializes in self-directed accounts. These companies are responsible for holding and managing your assets, as well as ensuring that you comply with IRS rules and regulations. It’s crucial to do your due diligence and select a reputable and experienced custodian to avoid scams or fraud.

Next, you will need to fund your self-directed IRA by transferring funds from an existing retirement account or making a direct contribution. The IRS sets annual contribution limits for IRAs, so make sure you stay within the allowable amount to avoid penalties. Once your account is funded, you can start investing in the assets of your choice.

One of the main benefits of a self-directed IRA is the potential for higher returns compared to a traditional IRA. By diversifying your investments and taking advantage of alternative assets, you can potentially grow your retirement savings at a faster rate. However, it’s important to remember that with higher returns comes higher risk, so be sure to do your research and consult with a financial advisor before making any investment decisions.

Another advantage of a self-directed IRA is the flexibility it offers in terms of investment options. With a traditional IRA, you are limited to stocks, bonds, and mutual funds, but with a self-directed IRA, you can explore a wider range of investment opportunities. This can be particularly appealing for those interested in real estate or other alternative assets.

In conclusion, setting up a self-directed IRA can be a valuable tool for those seeking greater control over their retirement savings and the potential for higher returns. By working with a reputable custodian and diversifying your investments wisely, you can take advantage of the flexibility and potential growth opportunities that a self-directed IRA offers. Just be sure to do your homework and seek advice from a financial professional before making any investment decisions.