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Main Theme:

This episode dives into the intriguing world of self-directed retirement accounts, particularly focusing on self-directed IRAs and their pivotal role in real estate investment. We unravel the complexities and opportunities these accounts offer, providing listeners with expert insights from Kaaren Hall, owner of Udirect IRA Services.

Key Discussion Points:

1. Introduction to Self-Directed IRAs:
   • Contrary to popular belief, self-directed IRAs have been around for approximately 50 years.
   • Despite their longevity, these accounts remain relatively obscure due to minimal marketing compared to larger brokerage firms.
2. Investment Flexibility:
   • Self-directed IRAs allow investments in alternative assets like real estate, private equity, and cryptocurrencies.
   • Emphasis on reinvesting proceeds within the IRA to build wealth and avoid tax penalties.
3. Importance of Preservation:
   • Highlighting the significance of keeping funds within retirement accounts to avoid substantial fees and penalties from early withdrawals.
   • Differentiation between individual and employer-sponsored plans, including SEP IRAs, traditional and Roth IRAs, and solo 401(k)s.
4. Due Diligence:
   • Essential steps to prevent fraud when investing in self-directed assets.
   • Advising thorough checks for licensing and property ownership.
5. Legislative Changes:
   • Overview of changes brought by the Secure Act 2.0, signed into law in December 2022.
   • Discussing increased contribution limits, adjusted catch-up contributions, and new required minimum distributions (RMDs) age requirements.
   • Introduction of a strategy for transferring long-held 529 account funds tax-free to a Roth IRA.
6. Expert Insights:
   • Kaaren Hall shares her expertise on investment strategies.
   • Promotion of an upcoming webinar focused on real estate investing.
7. Philanthropy Spotlight:
   • Mention of Steedtalker Capital’s philanthropic efforts towards horse treatment.

Conclusion:
Join us for an enlightening discussion with Kaaren Hall, where we explore the underutilized yet highly beneficial self-directed IRAs. Learn how to diversify your investment portfolio, navigate legislative changes, and employ effective strategies to build a robust retirement fund through real estate and other alternative assets.

Connect with Kaaren Hall:

• khall@udirectira.com
• https://www.facebook.com/uDirectIRA
• https://www.instagram.com/udirectiraservices/
• https://www.linkedin.com/company/851967
• https://twitter.com/uDirectIRA
• https://www.youtube.com/c/uDirectIRA
• https://udirectira.com/