#089: You Can Buy WHAT In Your IRA?! Non-Traditional IRA Investments With Kirk Chisholm
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 10 September 2018
⏱️ 39 minutes
🧾️ Download transcript
Summary
Did you know you could buy a horse as an investment in your IRA? What about real estate and other assets?
Kirk Chisholm, of Innovative Advisory Group, joins us to explain how self-directed IRAs work. They a tricky thing, so you need to understand the rules before taking any action.
You will learn what a Disqualified Person is, the rules behind handling real estate in an IRA, and what other things you can find in a self-directed IRA.
For more information, visit the show notes at http://www.bigpictureretirement.net/089
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:12.9 | Hello everyone and welcome to the Big Picture Retirement Show. |
| 0:16.0 | This is the podcast for anyone who is planning for or living in retirement. |
| 0:20.7 | I'm Devin Carroll and as he always is, |
| 0:23.1 | sitting across the desk, ready with a big howdy is John. Hello. Don't let me down. |
| 0:31.7 | Howdy. All right. Hey, so John, we did this episode on real estate, and it was a pretty hot episode. |
| 0:39.5 | And then we followed that up with Joe Saul Say High in here talking about cryptocurrency. |
| 0:44.0 | And that was also a pretty hot episode. |
| 0:47.7 | So the last three episodes that we've put out have been about investments other than stocks, bonds, mutual funds, and CDs. |
| 0:56.0 | Right. |
| 0:56.8 | And there's been a lot of interest in that. |
| 0:58.7 | So as I was looking at those listener numbers coming in, I thought, you know, we need to get |
| 1:04.1 | someone in here to talk about all of the options that listeners really have for their IRA money. |
| 1:11.1 | Right. Because that's the largest source of an their IRA money. Right. |
| 1:11.3 | Because that's the largest source of an individual's assets, usually. |
| 1:15.4 | It's usually concentrated within that 401K or IRA. |
| 1:18.1 | Yeah, these days. |
| 1:18.8 | Ever since companies switched from traditional pensions to 401Ks, |
| 1:22.5 | the vast majority of Americans have accumulated their wealth in pre-tax vehicles. |
| 1:26.4 | Yep. |
| 1:26.5 | And one of the articles that I saw that I'm going to ask our guest about that's coming in, |
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