Everything You Need to Know Before Choosing a Self-Directed IRA
Manage episode 463972590 series 3627892
เนื้อหาจัดทำโดย American IRA เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดหาให้โดยตรงจาก American IRA หรือพันธมิตรแพลตฟอร์มพอดแคสต์ของพวกเขา หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่แสดงไว้ที่นี่ https://th.player.fm/legal
Welcome to the very first episode of the IRA Café podcast! Hosted by Jasmine Trocchia, this episode dives deep into the foundational knowledge needed for anyone considering self-directed IRAs. Jasmine is joined by Kyle Moody, Business Development Manager at American IRA. Throughout the episode, Kyle shares invaluable insights from his eight years of experience, addressing common questions and concerns that potential clients often have. From understanding the nuances of self-directed IRAs to the importance of due diligence, this episode is a comprehensive guide for beginners. Key Takeaways: Self-Directed IRAs: Not for Everyone: Kyle explains that self-directed IRAs are not a one-size-fits-all solution. They are best suited for individuals looking to diversify their investments beyond traditional stocks and bonds, such as real estate, private lending, or investing in private companies. Know Your Funds: It's crucial to understand the type of funds you have in your retirement accounts. Kyle emphasizes the importance of knowing whether your funds are traditional or Roth, as well as the implications for future distributions and tax responsibilities. The Role of Due Diligence: Since American IRA is not a fiduciary and does not provide financial advice, clients must perform their own due diligence. This includes researching potential investments thoroughly and consulting with external advisors such as CPAs or attorneys. The Process of Getting Started: Kyle outlines the steps for opening and funding a self-directed IRA account at American IRA. The process involves completing an application, setting up the account, and then transferring or rolling over funds from existing retirement accounts. The Importance of Timing: Timing is critical when setting up a self-directed IRA, especially if you have a specific investment opportunity in mind. Kyle advises that potential clients should start the process well in advance to avoid any timing issues. Kyle’s Journey to American IRA: Jasmine and Kyle also touch on Kyle’s background in real estate and how it led him to his current role at American IRA. His journey underscores the importance of networking and seizing opportunities as they arise. If you're considering a self-directed IRA and want to learn more, this episode is a must-listen. Make sure to subscribe, like, and review the podcast wherever you listen to gain deeper insights into managing your retirement investments. [embed]https://youtu.be/U5l07NFGNGU[/embed]
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