Your IRA can be for more than just traditional investments.
In this episode, Carey Ann, Monte and Jason talk with Mike Todd from IRA Innovations about how your IRA doesn’t have to be locked into Wall Street only type investments.
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Self-directed retirement arrangements have been around for over 30 years and offer the same tax advantages as traditional IRAs and other retirement plans. Because your accounts are all self-directed, you make all the decisions.
A few things that came up:
-Offering people alternative investments other than traditional 4:00
-How to use an Self-Directed (SD) IRA to buy a home? 5:05
-What does Self Direct mean? 5:50
-What's the difference between conforming and non-conforming loans? 8:45
-How to buy a home with your SD IRA 10:15
-Benefits of using your SD IRA to buy a home 11:15
-Your SD IRA can partner with people 14:05
-SD IRA is really for investment purposes only 16:05
-Can you use vacation property that is held by your SD IRA? 17:30
-What are the costs to convert your traditional IRA to a SD IRA? 23:15
-Biggest concerns would be the disqualified people 25:00
-Why aren't more people doing this? 29:10
Mike has been with IRA Innovations since 2007 building relationships and teaching others about the merits of self-direction for their IRAs and their financial future.
Follow/contact Mike:
www.wisernashville.com
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Carey Ann Cyr manages and operates one of the Top Branches for CMG Financial in Franklin, TN. She and her team have become known for closing nearly impossible deals! They have processed over 300 million in mortgages since 2016 with over 613 families ushered into their dream homes!
Contact Carey Ann:
www.yourtnlendingsolution.com
Monte Mohr owns Realty One Group Music City and has sold over $1 Billion dollar's worth of real estate and over 3000 homes sold over his 30+ year career!
Interested in joining Monte as an agent?
www.topagentsuccess.com
The Talk of Music City Real Estate is Produced, Voiced and Edited by www.jimmccarthyvoiceovers.com
Interested in joining Monte as an agent?
www.topagentsuccess.com
The Talk of Music City Real Estate is Produced, Voiced and Edited by www.jimmccarthyvoiceovers.com