What is a Self-Directed IRA?

WEBVTT
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Welcome everyone to the Directed IRA podcast.
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This is Matt Smartson joined by the incredible Mark J.
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Kohler.
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And we are here talking about the critical question.
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You might be asking yourself, what is a self-directed IRA and how do I use this thing?
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Yeah, common question.
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I I yeah, I just want to play like we we just bumped into you in a bar and you ask us what we do for a living or what we love to talk about, and we say this, and you're about to run away.
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You're about to say, I do not want to talk to this bozo.
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He's gonna bore me to death.
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I get that a lot as an accountant.
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But no, you've got to hear this.
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I think I think you're gonna love it.
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I really, I really do.
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Yeah, no, the uh the true story is we're actually very popular at the parties, you know.
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Uh yourself.
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We had the kids, we had the kids' flag football team over at the house.
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All the parents are there asking what you do.
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Oh, you sell cars, oh, you're a contractor.
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I'm like, oh, I'm a tax lawyer and I have a self-dreckt company.
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I'm not kidding.
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I was answering everybody's questions.
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What about this?
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What about that?
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So does one of them want she wanted to buy real estate with her Roth IRA?
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She's like, that's so cool.
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I you she's like, I can buy real estate with my IRA.
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She's like, I'd never heard of that.
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So did you did you have an open bar there?
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We got some adult beverages, you know, juice boxes for the kids.
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You know, so well, let's get to it.
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And I want to let everybody know here as well that um I'll be the guy you can understand because the GOAT, the one and only that has the best-selling book on this is Matt Swanson.
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And at the end of this show, we will give you some different calls to action because I know you'll be excited.
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And I'll tell you, one of them is now there's a lot to learn.
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And there you may want to read more.
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We've got great podcasts that follow this one on what's next.
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So um, Matt, and I with all just joking, of course, Matt is so smart, and he is literally the uh the pioneer uh in education on this topic over the last 10 years.
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He's just unbelievable.
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So we're gonna have a lot of fun breaking this down.
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So can I say something?
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So that was part intro, but can I say one more thing?
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Okay, all right, yeah.
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Okay.
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A self-directed IRA.
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Let's start with this.
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All of you, I would suspect all of you listening today have at least a 401k or an IRA or a Roth sometime in your life.
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You've had one.
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It's a retirement account that you equate to Wall Street stocks, bonds, and mutual funds, whether your employer set it up for you or you set it up.
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You've heard of this account, you've had one, but that's probably the extent of what you know, and that's typical.
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Um, Matt, your thought?
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Would you agree?
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Yeah.
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And I think we've all learned that these are great places to save, that these are tax-advantaged accounts.
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I get a deduction when I put money in a traditional, or I invest with a Roth account, no deduction, but it grows and comes out totally tax-free.
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Either way, we know like the government's incentivized us to save and invest with these accounts.
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We've just been told that the investment options are ETFs, mutual fund stocks, and you may like that or be good at that, but a lot of people are like, well, can't I invest in something that just is like the best investment?
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Why do I have to stick to the menu that Wall Street has?
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Why can't I invest my IRA in real estate if I feel like that's the best investment?
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Why can't I invest my IRA in crypto if I feel like that's the best investment?
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A small business, a private fund, a startup.
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These are all assets your IRA can own.
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That's what a self-directed IR is.
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You just can't do it at a Wall Street provider because they make you buy what they sell.
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That's not what IRAs are for.
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That's what Wall Street IRAs are for.
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So that's what the self-directed IRA is, is these other assets that you may think that's actually a better investment.
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My account will grow faster if I invested it in real estate or uh or whatever investment you want to do.
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That's what the self-directed IRA empowers you to do.
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Yeah, and I think this show, we're gonna be probably demystifying and more than we're gonna be explaining because there's so much misinformation on this or misunderstanding.
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Matt, last night, I it was such a great group.
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Um, Jocelyn, I don't want to say more.
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She she had a group of 40 entrepreneurs and real estate investors, and she asked if um I could come teach them the trifecta and get on a whiteboard.
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So I got on Zoom, and then I started to answer questions.
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And one of the first questions they said, how can I buy real estate in my IRA?
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Because I can only put in$7,000 or$8,000 a year.
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How do I do that?
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And I said, Oh my gosh.
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Another misunderstanding.
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Think of Monopoly.
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When you pass Go, you get$200.
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Every year, when you pass December 31st, you can put another$7,000 in,$7,500 this year,$8,500, depending on your age, whatever.
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401ks, they have limits too.
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But every year you get to put more money in.
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You went past Go.
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But your returns are unlimited.
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You can invest in these alternative assets and make as much as you want.
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And in keeping that point of view and understanding there's they're different, they're separate.
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There's the contribution, and then there's what you earn.
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And you can earn unlimited amounts.
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And that's the beauty of this IRA is don't feel limited on the asset because you think you're limited on the contribution.
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Yeah.
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Yeah.
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And most people who come to this as well are there, are you already have a retirement account, right?
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The most common self-direct investor is like, okay, I've got 400,000 over at Fidelity in an IRA in a mutual fund or an ETF.
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I couldn't even tell you the name of it or what it owns, but I have that.
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So now I want to buy this duplex on 123 Green Street and collect the rental income in my IRA and the gain in the IRA.
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And I want to, I think I can build the account faster in that duplex than I can this mutual fund.
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Okay.
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Well, all you need to do is transfer that money at Fidelity.
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And you can still have an IRA at Fidelity.
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You open up an account at a self-directed IRA provider, like the number one best company in the space, directed IRA.
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You just transfer that money over.
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It's still IRA money.
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It's traditional at Fidelity.
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It's a traditional at directed.
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It's a Roth IRA at Fidelity, if it's a Roth IRA directed.
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Now that money's sitting in a self-directed direct IRA, and we say, okay, you want to buy that tuplex?
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Great.
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We're going to go buy it with the money in the account.
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So even your existing retirement account dollars, you can move.
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You got an old employer 401k, you can move that too.
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And that's what a lot of people will start their self-directed account with.
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You can also do, like Mark said, the contributions.
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But the investment potential and growth is unlimited.
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We have a client with a$400 million Roth IRA.
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He started at zero.
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All right.
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And then great investor, real estate guy, made some incredible wins.
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But, and that's not the typical client, but I'm just saying is like your earning potential is not capped in that.
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So we can build that as big as we can, depending on the return we can get from the investment.
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Well, and Matt and I are going to probably say these the same thing, but in different ways.
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And maybe and the purpose of this whole show is again to just open up this whole new world to you and give you some ideas and give you um realistic options that are that have been around for 40 years or more, ever since the retirement accounts were established.
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Um people have been self-directing.
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It's just the self-directed companies can't keep up with Merrill Lynch and Fidelity with Super Bowl commercials.
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So you just don't hear about it as much.
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And they Wall Street has created a mechanism where they get commissions off of what you put in your retirement account.
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In a self-directed format, you get to keep more of the profits.
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You don't have to pay a financial advisor.
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You are, wait for it, self-directing you.
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So here's another way of thinking about it.
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I like what Matt said about having two IRAs.
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You can have two IRAs.
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You can have five IRAs.
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You can only put in your$7,500 this year, but you could have seven different IRAs and put$1,000 each one.
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So that's an important concept people don't realize.
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Number two, think of it this way: you'd have a Fidelity app on your phone with your Fidelity IRA money.
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Then you can go to your directed IRA app, which we have, and you can look at your money in your directed IRA account.
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And you go, oh, well, what's this one invested in?
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Oh, Fidelity is in Tesla stock.
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Oh, my directed IRA account is in crypto.
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And I was able to buy directly XRP or other tokens that I believe in.
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And I am personally managing that account, self-managing it, but they're both IRAs.
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And if they're both Roths, they grow tax-free and come out tax-free.
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So that might give you a better way of looking at it.
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Yeah.
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And I think as we start thinking of these assets, we've already talked about a couple.
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And that's the point here is you're using a self-directed IRA because you want to buy an asset that Wall Street won't let you do.
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Okay.
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So you go to the self-directed IRA, because you're like, I want to buy crypto, whether it is XRP or Solana or, you know, you could even be Bitcoin and all these other, you know, whatever crypto you want to buy, you can do that with we call it a crypto IRA at directed IRA.
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You can do real estate.
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I'm like, and we're not talking about like the REIT or the publicly traded real estate company.
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We're talking about like, I got a the duplex down the street.
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We talk to real estate investors and real estate professionals all the time.
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And that and they're like, you mean I can buy real estate with my IRA or 401k?
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They've never even heard of it.
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They've been in the industry forever.
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They sell real estate all day long.
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There's$45 trillion in U.S.
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retirement accounts.
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And they're like, what?
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I didn't know I could do that.
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Yes.
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Why would you not invest in what you know?
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If you know real estate and you believe in it and you get deal flow and opportunity, why would your IRA or 401k be buying a mutual fund?
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You don't even know what it is.
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So we want you to realize that the investment opportunity widens with a self-directed IRA, where you can take advantage to invest in the thing that is the best investment that you think will have the greatest return, not the one that's on the limited menu that you can pick only the best investment that's on the menu.
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So that can be real estate, small business.
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We've had clients invest in startups, private companies that eventually went public.
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We've had clients invest in private funds or syndications for real estate or private equity or venture capital.
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I have a client's IRA that owns a small percentage of professional Mexican soccer team.
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Mark's accounts bought cows, you know, like life.
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These are all assets that your IRA can own.
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And some of you right now might start feeling a little bit okay, a little overwhelmed, or you're like, I'm not interested in real estate, or I'm not interested in crypto.
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We have, I think now over 400 episodes on over the last 10 years.
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Matt and I've been doing this podcast in various forms and titles.
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And you can go back and catch a show just on how to do real estate or how to do crypto or what are the pitfalls or this or that due diligence.
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So just hang with us a little bit longer because you're going to have plenty of opportunity to go dive deep on a couple other podcasts.
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All right.
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And so maybe Matt, too, I wanted to just kind of go through a couple steps because that might help some of you um grasp this process too, because it's really easier than you think.
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So let's say you still have that three or four hundred bucks, old 401k, sitting at Fidelity.
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It got your investment advisor said, let's buy some mutual funds.
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You don't even know what it's making.
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It's just sitting there.
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Very, very common.
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Don't beat yourself up.
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It's out of sight, out of mind.
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I get it.
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Okay.
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So the next step would be to open a self-directed account.
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And a directed IRA, you can get, we'll give you contact information at the end.
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You'd go open an account around 500 bucks.
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You got your account up and going.
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It'd be an IRA, it could be a Roth, it could be an HSA, whatever.
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So you open your account.
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We've our toll free number, and our support team will walk you through whatever your questions are to make sure you open the right account.
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So you open the account 24 hours later.
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Then you go, I want to move over 100 grand.
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I want to go buy X, uh, a little private equity fund, some real estate crypto, whatever you gold, whatever you want to buy.
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And so you would call in Fidelity and go, you know what?
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I'm moving 100 grand.
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Now prepare yourself because there, your investment advisor is going to flip out.
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They do not want you to pull that 100 grand out of there because then they make less money.
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They get paid based on the you're typically on the size of your account.
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So you're gonna say, I want to self-direct.
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They're gonna say, Oh, you can't do that.
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Well, no, you can.
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It's just fidelity can't because they're not built for that.
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So be careful, stay strong, move your hundred grand.
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There's no tax, there's no penalty.
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100 grand ends up in directed IRA.
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If fidelity's on top of it, you might see it in two or three days.
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Boom.
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Day three.
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Uh directed IRA.
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What do you want to do, Tom?
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What do you want to do, Susie?
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Uh, I want to buy gold.
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Okay.
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Here's the process.
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Go watch Market Maths podcast on that too, by the way, so you're informed.
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Okay.
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And you're on for raises.
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That's it.
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No tax, no penalty.
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It's your freaking money.
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Invest in what you know.
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Yeah, exactly.
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And we kind of say it's as easy as one, two, three.
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Step one, as Mark said, open the account.
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Pick the account type that you want.
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Usually, if you have a traditional 401k or a traditional IRA, you're going to open up a traditional IRA directed.
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If you got a Roth account, you're going to open up a Roth account.
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You could even go traditional and convert it to Roth with us.
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Lots of options.
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So be open the account.
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Step two, you fund it.
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And if it's a transfer, if it's an IRA at Fidelity, we send the request to Fidelity for you.
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And then they will send, as it were a trust company, licensed, regulated, audited.
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So we can send money back and forth between other providers, like a Fidelity or a Schwab or directed IRA.
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So we can, so we'll receive the money in your account here.
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And then step three is you invest it.
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You tell us how to invest it.
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And so another thing that can sometimes happen is many of you don't have an advisor.
00:14:32.240 --> 00:14:34.720
So there's not like an advisor talking in your ear or make money.
00:14:34.960 --> 00:14:38.000
You already self-direct your account, but you're buying stocks.
00:14:38.159 --> 00:14:47.919
Like you're you're choosing, you're kind of self-directing in that you're managing your account and deciding how to invest it, but you've just like put it in the SP 500 or you bought Tesla stock or whatever, you know.
00:14:48.000 --> 00:14:50.879
You just you kind of just did it with on your own.
00:14:51.039 --> 00:14:56.240
Well, when you call Fidelity if you need to, and a lot of times they'll call to verify hey, you're did you submit this transfer request?
00:14:56.320 --> 00:14:58.159
You want to send money over to directed IRA?
00:14:58.240 --> 00:14:58.399
Yes.
00:14:58.960 --> 00:15:01.279
They'll they'll be they'll typically ask you questions.
00:15:01.360 --> 00:15:02.879
And it might be like, well, what are you doing?
00:15:02.960 --> 00:15:03.600
What are you investing in?
00:15:03.759 --> 00:15:04.799
Well, I want to do real estate.
00:15:04.960 --> 00:15:07.679
Well, your IRA can't invest in real estate, you know.
00:15:08.080 --> 00:15:09.120
Yes, it can.
00:15:09.279 --> 00:15:14.000
It can't at Fidelity, a Fidelity IRA can't buy real estate because they're a broker dealer.
00:15:14.080 --> 00:15:16.399
They want to what they want you to invest in what they sell.
00:15:16.559 --> 00:15:21.440
If you had an IRA at Northwestern Mutual or New York Life, what can your IRA buy there?
00:15:21.600 --> 00:15:22.480
Annuities, why?
00:15:22.559 --> 00:15:23.440
That's what they sell.
00:15:23.600 --> 00:15:23.919
Okay.
00:15:24.240 --> 00:15:26.000
So so then that money gets over there.
00:15:26.080 --> 00:15:31.200
That's over to directed, and we have those open, fund, invest.
00:15:31.440 --> 00:15:33.600
And our team's here to help you through that process.
00:15:33.759 --> 00:15:36.639
And it is truly as easy as one, two, three.
00:15:36.960 --> 00:15:38.000
Yeah, no, I love it.
00:15:38.159 --> 00:15:40.559
Well, I we don't want to beat a dead horse here.
00:15:40.720 --> 00:15:44.799
I I just want to say a couple things to wet your whistle.
00:15:44.960 --> 00:15:48.080
You know, you give you a little bit of something to think about.
00:15:48.320 --> 00:15:49.440
Your kids.
00:15:49.840 --> 00:15:54.080
You may have children that you employ in your business or want to.
00:15:54.320 --> 00:15:57.200
Your adult children that you're trying to teach how to save.
00:15:57.360 --> 00:16:00.720
You can help them start to open accounts and invest together.
00:16:00.879 --> 00:16:04.159
You could create an LLC where all of your IRAs work together.
00:16:04.320 --> 00:16:06.559
You could do this with a health savings account.
00:16:06.799 --> 00:16:09.279
Um, gosh, the list just goes on and on.
00:16:09.440 --> 00:16:20.960
And it just starts with getting a little more educated on it and realizing this is mainstream non-risk, non-audited risk stuff.
00:16:21.200 --> 00:16:25.759
Um, Peter Thiel, owner of PayPal and Facebook, has a$6 billion IRA.
00:16:25.919 --> 00:16:27.440
Met Romney that ran for president.
00:16:27.519 --> 00:16:34.159
He got Wall Street Journal pushed it to the 50th page because they didn't want everybody to know he had a$100 million self-directed IRA.
00:16:34.320 --> 00:16:38.240
So Wall Street is trying to not let this information out.
00:16:38.480 --> 00:16:42.080
So you have just found the secret sauce.
00:16:42.480 --> 00:16:44.240
And it is so exciting.
00:16:44.320 --> 00:16:46.399
And we hope that we can be a part of your journey.
00:16:46.720 --> 00:16:54.320
Yeah, we'll have some other episodes on this following, of course, and a lot of content and resources that we have, but I want to make sure you understand one rule.
00:16:54.480 --> 00:16:54.639
Okay.
00:16:54.799 --> 00:16:57.919
I want to hit a couple rules before we sign off here, and there's going to be more detail.
00:16:59.120 --> 00:16:59.200
Yeah.
00:16:59.440 --> 00:17:00.799
So we are tax lawyers.
00:17:00.960 --> 00:17:01.200
Okay.
00:17:01.600 --> 00:17:04.240
Let's, you know, we're not just like marketers and podcasters.
00:17:04.319 --> 00:17:05.440
Mark and I are both tax lawyers.
00:17:05.519 --> 00:17:06.559
Mark's also a CPA.
00:17:06.640 --> 00:17:11.200
I did write the number one book in the field on this that government regulators have used.
00:17:11.359 --> 00:17:16.480
Um, most of the companies in the industry use, the National Association our industry uses, like, we're credentialed on this stuff, okay?
00:17:16.559 --> 00:17:21.440
We're trying to be fun and keep it light, but I want to let you know we're actually like professionals in this space, okay?
00:17:21.680 --> 00:17:22.880
So all right.
00:17:22.960 --> 00:17:25.119
First, what can't your IRA buy?
00:17:25.279 --> 00:17:30.720
There's only three things life insurance, S corporation stock, and collectibles.
00:17:31.039 --> 00:17:31.519
That's it.
00:17:31.680 --> 00:17:34.799
Those are only three assets that are restricted for retirement accounts.
00:17:34.880 --> 00:17:35.119
Okay.
00:17:35.279 --> 00:17:36.799
So what what's left?
00:17:36.960 --> 00:17:37.920
Everything.
00:17:38.160 --> 00:17:40.079
All the stuff we talked about that you can buy.
00:17:40.160 --> 00:17:41.200
This is all fair game.
00:17:41.279 --> 00:17:41.519
Okay.
00:17:41.680 --> 00:17:41.759
Okay.
00:17:42.079 --> 00:17:43.519
Can I give another rule two or number two?
00:17:43.839 --> 00:17:44.720
Okay, rule number two.
00:17:44.960 --> 00:17:51.759
I and you may have three because you may not like rule number two, you're not creating a job for yourself.
00:17:51.920 --> 00:18:01.039
You can't take your IRA and create a business that you get to work in, that you get to put sweat equity in, that you can get paid from.
00:18:01.279 --> 00:18:06.720
You cannot benefit from what your IRA is investing in.
00:18:06.880 --> 00:18:13.759
You can oversee it, you can manage an LLC, you get to make the decisions, but you've got to be careful.
00:18:13.839 --> 00:18:23.599
And we have episodes on this prohibited transaction rule of not benefiting, like buying a rental property that you're going to go stay in every 4th of July.
00:18:23.759 --> 00:18:24.319
Can't do that.
00:18:24.480 --> 00:18:26.799
You cannot benefit from what you're investing in.
00:18:27.119 --> 00:18:27.440
Yeah.
00:18:27.599 --> 00:18:27.839
Yeah.
00:18:27.920 --> 00:18:29.599
So that's called self-dealing.
00:18:29.759 --> 00:18:42.160
So if you're buying an asset with the the reason is I want to pay myself, you know, or I want to, you know, my IRA is going to buy this fix and flip property, but I'm going to go put the tool belt on and do all the work in it.
00:18:42.240 --> 00:18:52.880
No, your IRA can buy a fix and flip and pay another third-party contractor to do the work, and you can oversee it, look at it, make sure they did it right, but you can't be the one with the tool belt physically doing the work.
00:18:53.039 --> 00:18:57.119
So that causes that self-dealing or having use of the asset, like Mark said.
00:18:57.279 --> 00:19:00.000
Like you can't stay and have personal use of the asset.
00:19:00.160 --> 00:19:02.400
So this is called the prohibited transaction rules.
00:19:02.480 --> 00:19:03.680
And there's one other variety of this.
00:19:03.759 --> 00:19:05.039
And I want to make sure you understand this.
00:19:05.200 --> 00:19:05.759
Yep.
00:19:06.160 --> 00:19:11.039
Congress, when they created IRAs, they were like, these are like tax-advantaged accounts.
00:19:11.359 --> 00:19:17.759
And when they created these, they said, we need to put some restrictions on them because we don't want people to manipulate these.
00:19:18.000 --> 00:19:25.119
And really what they were concerned about is people moving assets they personally owned over to their IRA to get out of avoiding taxes.
00:19:25.279 --> 00:19:30.880
It's like if I had an asset that is appreciated personally, I'll sell it to my IRA at a low price.
00:19:30.960 --> 00:19:35.599
And then I'll have my IRA sell it for actual market value to a third-party buyer and I'll pay no tax.
00:19:35.759 --> 00:19:37.200
Well, Congress knew you would do this.
00:19:37.359 --> 00:19:39.839
They knew we would talk about this on the podcast as a strategy.
00:19:39.920 --> 00:19:40.960
So they restricted it.
00:19:41.440 --> 00:19:50.240
They created this primitive transaction rule, which says your IRA cannot transact, buy, sell, lease, loan, any of that.
00:19:50.400 --> 00:19:53.519
Your IRA cannot transact with someone who's disqualified.
00:19:53.759 --> 00:19:58.079
And you are what's called a disqualified person, your spouse, your kids, your parents.
00:19:58.240 --> 00:20:02.640
What that means is my IRA cannot buy an asset from me personally.
00:20:02.799 --> 00:20:07.039
So I'll have clients call and they'll be like, man, I have these stock options in this company I work for.
00:20:07.119 --> 00:20:08.480
They're actually going to be valuable.
00:20:08.640 --> 00:20:11.920
How can my Roth IRA buy these options from me?
00:20:12.160 --> 00:20:15.119
No, because you personally own those, personally earn them.
00:20:15.279 --> 00:20:18.720
That would be you selling those to your Roth IRA.
00:20:18.880 --> 00:20:20.640
That would cause a primitive transaction.
00:20:20.799 --> 00:20:24.400
Let's say that your dad owns a rental property, your mom.
00:20:24.880 --> 00:20:26.160
They want to sell that.
00:20:26.240 --> 00:20:28.240
And you're like, oh, I want to buy that.
00:20:28.400 --> 00:20:29.920
And I'll own it at my IRA.
00:20:30.079 --> 00:20:35.680
That would be a primitive transaction because that would be your IRA transacting with someone who's disqualified.
00:20:35.839 --> 00:20:38.960
So they've basically got these like little insider rules here.
00:20:39.039 --> 00:20:46.240
They don't want you transacting with yourself or certain family members, spouse, and then for Utah, this is all your spouses, okay?
00:20:46.559 --> 00:20:51.440
Parents and your kids, grandkids, um, and spouses of your kids as well.
00:20:51.519 --> 00:20:52.720
So that's who's on this list.
00:20:52.799 --> 00:20:56.480
We got a lot more content and detail on that, but I just want to flash that just so you know.
00:20:56.640 --> 00:21:00.000
You're not doing this to kind of move assets you personally own.
00:21:00.160 --> 00:21:02.400
Crypto, that question comes up a lot too.
00:21:02.799 --> 00:21:06.640
We're not trying to personally sell that to the IRA as a tax strategy.
00:21:06.799 --> 00:21:18.240
What we're trying to do with the IRA is buy new assets that we feel are going to appreciate in value and do it in this tax advantage account with the goal of having the biggest retirement possible when we hit 59 and a half.
00:21:18.400 --> 00:21:27.759
And if we think we can do that from these self-directed assets, real estate, crypto, private funds, whatever it might be, precious metals, better than we can a mutual fund.
00:21:27.920 --> 00:21:29.920
That's who does the self-directed IRA.
00:21:30.319 --> 00:21:30.720
Yeah.
00:21:30.960 --> 00:21:36.880
And I want to offer just one last perspective on this topic of rules or guidelines.
00:21:37.200 --> 00:21:41.119
Jim Kramer, mad money, CNN.
00:21:41.759 --> 00:21:46.880
Yeah, very smart guy, gives all sorts of stock tips and he's fun.
00:21:47.039 --> 00:21:48.400
The show's exciting.
00:21:48.880 --> 00:21:55.599
Whenever a caller calls up and says, Hey, I heard I can self direct, he hits his little buttons, rip, rip, rip.
00:21:55.920 --> 00:21:57.119
You know, don't do it.
00:21:57.279 --> 00:21:58.400
You're gonna screw it up.
00:21:58.559 --> 00:21:59.759
You don't know, you know, we know.
00:22:00.319 --> 00:22:01.759
Better, Wall Street's smarter.
00:22:01.920 --> 00:22:03.839
If you self-direct, you could lose it all.
00:22:03.920 --> 00:22:08.240
You got prohibited transactions, and he just craps all over it.
00:22:08.480 --> 00:22:09.440
And why?
00:22:09.920 --> 00:22:13.519
Because it is not in Wall Street's best interest for you to do this.
00:22:13.759 --> 00:22:18.799
So I want to remind you the rules are not that hard and they're easy to keep.
00:22:18.960 --> 00:22:22.319
You just have to know the rules of the game, and then you can win.
00:22:22.559 --> 00:22:33.279
And so don't be dissuaded or talked out of learning more because someone you trust doesn't know about it doesn't mean you learn something new that works.
00:22:33.519 --> 00:22:33.920
Yeah.
00:22:34.160 --> 00:22:34.400
Yeah.
00:22:34.480 --> 00:22:35.680
And here's where I want you to go.
00:22:35.759 --> 00:22:38.799
Go to directedIRA.com where you can learn more.
00:22:38.960 --> 00:22:40.880
We have Educational Resource Center.
00:22:41.039 --> 00:22:43.279
Every week we have a webinar at Directed IRA.
00:22:43.359 --> 00:22:45.039
We're doing a weekly podcast episode.
00:22:45.119 --> 00:22:49.839
We have our self-directed IRA summit, SDIRA Summit.com, coming up on April 17th.
00:22:50.000 --> 00:22:56.559
A full day of training on how to self-direct your IRA, hear from other investors, new and experienced ones, what they're doing.
00:22:56.799 --> 00:22:59.279
And then also just book a call with our team.
00:22:59.440 --> 00:23:06.799
We have a team of experienced account representatives that have helped hundreds, if not thousands, of self-directed IRA investors, just like you, new people, experienced people.
00:23:06.960 --> 00:23:13.200
So you can just book a call with the team at directed IRA.com to get your questions answered and get your account going as well.
00:23:13.359 --> 00:23:14.880
So we want to be there for you.
00:23:15.039 --> 00:23:16.000
Let us be a resource.
00:23:16.160 --> 00:23:24.079
We've tried to lay it up and make it easy for you so you can truly take control of your retirement, but have the confidence to do it too with the team that's behind you.
00:23:24.559 --> 00:23:24.960
Yeah.
00:23:25.200 --> 00:23:31.359
Well, I can get better there's no better call to action but take action.
00:23:32.400 --> 00:23:36.960
And we hope to see you and hear you uh at one of our open forum calls.
00:23:37.119 --> 00:23:39.680
We take questions from around the country on a regular basis.
00:23:39.839 --> 00:23:47.440
Please give us a five-star, a like, a thumbs up, whatever, and allow us to be a part of your American dream, a part of your journey.
00:23:47.519 --> 00:23:52.640
And I think you're gonna find out that you just literally found plutonium.
00:23:52.720 --> 00:23:54.400
And uh it's gonna be a lot of fun.
00:23:54.559 --> 00:23:57.039
So thanks so much, everybody, for watching and listening.
00:23:57.119 --> 00:23:58.400
We'll see you on the backside.
00:23:58.480 --> 00:24:04.799
Get over direct at Ira.com, get an account open, start listening to the webinars, and start this journey.
00:24:04.960 --> 00:24:05.920
You won't regret it.
00:24:06.160 --> 00:24:07.599
And thank you everyone for listening.
00:24:07.839 --> 00:24:22.799
A quick disclaimer and reminder: this presentation does not constitute an attorney or CPA client relationship, and it is always in your best interest to consult competent legal and tax professionals when conducting your own personal transactions.
00:24:23.039 --> 00:24:27.200
We also want to make sure you know this is not investment advice or financial advice.
00:24:27.359 --> 00:24:33.599
We're just trying to give you education, ideas, and strategies you can take to your professionals or conduct your own research on.
00:24:33.759 --> 00:24:35.200
We'll see you next time.