“Rolling” Control Into Your Pocket With Self-Directed IRAs
On today’s episode of the Prosperity Podcast, best-selling financial author Kim Butler and No BS Money Guy Todd Strobel uncover the reasons you should know about self-directed IRAs. They discuss their benefits and disadvantages.
Kim explains the term “roll” as it relates to finances. Todd compares self-directed IRAs against a 401(k). Finally, they breakdown the different payoffs that are associated with your self-directed IRA.
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[0:36] Self-Directed IRAs
[2:59] Self-Directed IRA Trustees
[4:04] Fees and Costs
[7:35] Defining the Term “Roll”
[9:24] Rolling into a Self-Directed IRA
[11:00] Fighting Off the 401(k) Pressure
[13:07] Self-Directed IRA Payoffs
[14:35] Peer-to-Peer Lending
[16:08] Financial Planning Has Failed
Tweetables:You have two roads you can go. One one leads to the typical arena of stocks and bonds. The other allows you to invest in anything you want to. Click To Tweet You pay a little more for a self-directed IRA, but it’s well worth it for the freedom you get. Which prosperity principle does that follow? Click To Tweet With an IRA rollover, the money goes straight from the 401(k) to the IRA without any tax or penalty. Click To Tweet Our favorite payoffs for the self-directed IRA arena are life settlements and bridge loans. Check in to find out why. Click To Tweet
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