Episode #612
Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust:
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The wealthy are using one unique retirement account to build their fortunes tax-free. You may have never heard of it, but knowing about it can change the course of your retirement planning, allowing you to invest in much more than stocks, index funds, and bonds in your retirement accounts.
We’re talking about making passive real estate income tax-deferred, flipping houses and sheltering the profits for when you retire, or having a rental property portfolio producing massive passive income, all with the tax benefits of your 401(k), IRA, or Roth IRA.
We’re, of course, talking about the self-directed IRA (SDIRA) and the sizable benefits that come with it.
To help, John Bowens (Certified IRA Services Professional) from Equity Trust is on the show to share the tax advantages most Americans have zero clue about. Scott starts the interview by coming in hot, throwing out his most significant objections to an SDIRA. We were even surprised by just how many benefits this single account has and how you can use it in ways most people would never assume of a retirement account.
We’re talking about how to buy rental properties IN your retirement accounts (and profit from them tax-free/deferred), whether a self-directed IRA or 401(k) makes the most sense for you, the “material participation” rule that you CANNOT afford to break, and how much this account costs to set up. This is a game-changing account for retirees who want to live a rich life, so do not skip out on it!
00:00 Intro
08:26 Tax-Free Real Estate Gains
16:45 One Tax to Watch Out For
19:59 Self-Directed 401(k)s vs. IRAs
27:36 Making $34,000 Tax-Free!
30:42 The "Material Participation" Risk
35:41 Financing Rentals in an SDIRA
39:40 SDIRA Fees and Costs
50:05 Completely Passive Income
51:56 Active Investing in an SDIRA