The Lesser Known IRA – Episode 34

On today’s episode of the Prosperity Podcast, best-selling financial author Kim Butler and No BS Money Guy Todd Strobel uncover the reasons you should know about self-directed IRAs. They discuss their benefits and disadvantages.

Kim explains the term “roll” as it relates to finances. Todd compares self-directed IRAs against a 401(k). Finally, they breakdown the different payoffs that are associated with your self-directed IRA.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:36] Self-Directed IRAs

[2:59] Self-Directed IRA Trustees

[4:04] Fees and Costs

[7:35] Defining the Term “Roll”

[9:24] Rolling into a Self-Directed IRA

[11:00] Fighting Off the 401(k) Pressure

[13:07] Self-Directed IRA Payoffs

[14:35] Peer-to-Peer Lending

[16:08] Financial Planning Has Failed

[16:45] Wrap-Up

[17:21] Outro