Robert Leonard does a deep dive with Bill Neville in Part 1 of this two-part series all about self-directed IRAs (SDIRAs). They talk about how a SDIRA is different from a normal IRA, who is a good candidate for a SDIRA, what the most common investments, rules, and laws are when using SDIRAs, and much, much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

06:34 - What a self-directed IRA (SDIRA) is and how it is different from a normal IRA.

09:14 - What the fee difference is between a SDIRA and a 401(k).

15:20 - What types of assets you can and can’t purchase using a SDIRA.

20:55 - If you can invest in equity crowdfunding using a SDIRA or co-mingle retirement money into an existing investment account.

25:56 - What the very first steps to take when opening a SDIRA and how long it usually takes to open one and invest it in a crowdfunding site.

29:54 - If you can invest with non-retirement money and transfer it to a SDIRA as your annual contribution.

32:21 - What the most common investments are using SDIRAs.

35:26 - What the most common things to look out for when searching for a SDIRA custodian/ company and what makes a good or bad SDIRA custodian.

39:06 - What the most common rules or laws are regarding SDIRA investing.

52:50 - Who a SDIRA is good for and who it might not be right for?

55:40 - What the negative side of SDIRAs is.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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REI081: Secret Accounts of the Wealthy, that You Can Use Too w/ Bill Neville (Part 1) 59:07 Share

Millennial Investing - The Investor’s Podcast Network

Shownotes Transcript

REI081: Secret Accounts of the Wealthy, that You Can Use Too w/ Bill Neville (Part 1)