How to Successfully Manage Your Self-Directed IRA: Real Estate Investors Share Best Practices

Join Brittany Melville, Next Generation’s director of marketing and sales, alongside experienced real estate investors as they share the do’s and don’ts of investing in real estate through a self-directed IRA. PANELISTS: Brittany Melville, Director of Marketing and Sales, Next Generation Trust Company brittanym@nextgenerationtrust.com Susan Konsella, Real Estate Broker & Next Generation Client sakonsella@assist2sell.com Carl Schiovone, President of East Coast REIA & Next Generation Client carlsch@optonline.net Jim Clark, ERISA Attorney/Partner at Blodnick, Fazio & Clark jclark@clarkslaws.com Robert Holeman, Real Estate Investor robasap@gmail.com...(read more)

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Investing in real estate is a popular way to build wealth. One of the best ways to do this is through a self-directed IRA (Individual retirement account). With a self-directed IRA, you can invest in a wide range of assets, including real estate. However, managing a self-directed IRA can be tricky. To ensure you get the most out of your self-directed IRA, here are some best practices from real estate investors. 1. Understand the Rules and Regulations The first step in successfully managing your self-directed IRA is to understand the rules and regulations that govern it. For example, you are not allowed to use any of the funds in your IRA for personal use. You also need to be aware of the tax implications of investing in real estate through an IRA. 2. Choose the Right Custodian When it comes to self-directed IRAs, you need to choose a custodian who understands the rules and regulations. Make sure to do your research and find a custodian with experience in self-directed IRAs. 3. Diversify Your Investments Real estate is a great investment, but it’s important to diversify your investments. Consider investing in a variety of different types of real estate, such as residential, commercial, and industrial properties. You should also consider investing in other assets, such as stocks, bonds, and mutual funds. 4. Monitor Your Investments When investing in real estate, it’s important to monitor your investments. Make sure to keep track of your investments and any changes in the market. This will help you make informed decisions about your investments. 5. Use Professional Help Managing a self-directed IRA can be complicated. Consider working with a professional financial advisor or accountant to help you manage your investments. They can provide valuable advice and help you make the right decisions. By following these best practices, you can make the most of your self-directed IRA and maximize your returns. With the right strategy and guidance, you can successfully manage your self-directed IRA and reach your financial goals. https://inflationprotection.org/how-to-successfully-manage-your-self-directed-ira-real-estate-investors-share-best-practices/?feed_id=70414&_unique_id=63eafb5bc0ec9 #Inflation #Retirement #GoldIRA #Wealth #Investing #NYCrealestateexpo #Realestate #realestatebroker #realestateinvestor #realestatelife #Realestateagent #realestateinvesting #work #SelfDirectedIRA #NYCrealestateexpo #Realestate #realestatebroker #realestateinvestor #realestatelife #Realestateagent #realestateinvesting #work

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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