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How to use a Self Directed IRA | Avoid these 4 things


Do you have a self directed IRA that lets you invest in whatever you want? Have you used it to invest in real estate? Well, if you have, you made a mistake. Watch this video to learn how you should use your self directed IRA, and learn from my mistakes. How to use a Self Directed IRA | Avoid these 4 things FREE STUFF: 👇👇👇👇 ► Net Worth Tracker ► Investor Worksheet ► Rental vs 401k Worksheet ► Master your budget worksheet Crypto endorsement ✔ Bitcoin ► bc1q7wht6lej3n7edpzrcp6zxeedgke025jyyhed8w ✔ Ether ► 0x9aABdD60B9cfB10e385138d9623d864bf9d7c1Db Tools I Use: ► Personal Capital: ► Autonomous Chair: - Discount Code: R-JBLACK ► Laptop: ► Webcam: ► Ring Light: Classes: ► Spec New Construction: TWEET THIS VIDEO: ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 0:00 Introduction 1:50 Don't invest SDIRA in real estate 3:18 Don't use leverage 4:05 SDIRA entity name 5:22 Investing Crypto with SDIRA 5:44 Don't cross the streams 6:40 Document all contributions 7:18 Don't move money from your SDIRA to a taxable account 7:37 Find a good accountant 8:05 Outro ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ABOUT JOHN BLACKMAN I am a realtor, real estate developer, amateur philosopher and personal finance geek. I switched from a long career in software development into real estate sales and development to get more out of life, have more time, more fun, and a more diverse network of people doing amazing things. I struggle with the pursuit of happiness and love managing assets for my businesses and family. I want to help people build self awareness and an intentional approach to their finances. Join my Mailing List ► My Real Estate Team ► ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ TALK TO ME ON SOCIAL MEDIA Instagram ► Facebook ► Twitter ► DISCLAIMER: The information contained on this YouTube Channel and the resources available for download/viewing through this YouTube Channel are for educational and informational purposes only. #SDIRA #BuildWealth #PersonalFinance #JohnBlackman ...(read more)


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A self-directed IRA is a powerful tool that can help you save for retirement and make wise investments. With a self-directed IRA, you can choose the investments you want to make, and you have the potential to grow your retirement savings faster than with a traditional IRA. However, there are certain rules and regulations that you must follow when using a self-directed IRA. To ensure you are making the most of your self-directed IRA and avoiding costly mistakes, here are four things you should avoid when using a self-directed IRA. 1. Do Not Invest in Collectibles Collectibles, such as artwork, coins, antiques, and other similar items, are not allowed investments for self-directed IRAs. If you purchase any of these items with your IRA funds, you will be subject to a 25% penalty from the IRS. 2. Do Not Use Your Self-Directed IRA to Invest in Your Own Business You are not allowed to use your self-directed IRA to invest in your own business. This would be considered a prohibited transaction, and you could be subject to a 15% penalty and other taxes. 3. Do Not Use Your Self-Directed IRA Funds to Purchase Life Insurance Life insurance is not an allowed investment for self-directed IRAs. If you use your IRA funds to purchase a life insurance policy, you will be subject to a 15% penalty and other taxes. 4. Do Not Use Your Self-Directed IRA Funds to Make Loans You are not allowed to use your self-directed IRA funds to make loans. If you do, you could be subject to a 15% penalty and other taxes. By avoiding these four things, you will be able to make the most of your self-directed IRA and ensure that you are following the rules and regulations set forth by the IRS. With a self-directed IRA, you can open up a world of investment opportunities and potentially grow your retirement savings faster than with a traditional IRA. https://inflationprotection.org/how-to-use-a-self-directed-ira-avoid-these-4-things/?feed_id=71016&_unique_id=63edc974dbcee #Inflation #Retirement #GoldIRA #Wealth #Investing #financialfreedom #financialfreedomforever #howtostartaselfdirectedira #investinginrealestate #johnblackman #personalfinance #realestate #realestateinvesting #realestateinvesting2022 #realestateinvestingmillionaire #sdira #sdirarealestate #selfdirectedira #selfdirectediracrypto #selfdirectediraforbeginners #selfdirectedirarealestate #selfdirectediravsrothira #smallbusiness #whatisaselfdirectedira #SelfDirectedIRA #financialfreedom #financialfreedomforever #howtostartaselfdirectedira #investinginrealestate #johnblackman #personalfinance #realestate #realestateinvesting #realestateinvesting2022 #realestateinvestingmillionaire #sdira #sdirarealestate #selfdirectedira #selfdirectediracrypto #selfdirectediraforbeginners #selfdirectedirarealestate #selfdirectediravsrothira #smallbusiness #whatisaselfdirectedira
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