True Self Directed IRA's - The Wealth DNA radio show is dedicated to helping you increase your wealth, as well as educating and informing savers & investors. One of the most controversial investment vehicles in the US has been the IRA and the employer equivalent 401(k). They have been in widespread use for over 30 years, and the number of alternatives has actually increased during that time. Why are they controversial? What could be negative about having the ability to save and grow your portfolio tax-free?
The vast majority of investors believe that your IRA can only invest in traditional Wall Street financial products. If you're not a member of the 2% Club who already know you have many more options – this is a program you won't want to miss. Our special guest will be Andrew Waite, the Publisher of Personal Real Estate Investor Magazine. In a recent edition, the magazine had a special report on True Self Directed IRA's that had such a wealth of information, we want to make sure the listeners of Wealth DNA radio benefit from the information he compiled.
During our series on Alternative Investments, we shared many great ways to diversify beyond the typical financial products available through the broker dealer network. You will be able to invest in any or all of them using a True Self Directed IRA. So if your 401(k) became a 201(k) during the Great Recession – you'll be able to avoid that happening again. How do you set up a truly self directed account? Can you leverage your investments in that account? Will you be able to avoid taxes on the money you withdraw? Will your heirs have to pay taxes on that money? For the answers to these and many more questions grab a cup of coffee, or glass of wine and join in the conversation …