1012: Exposing the Truth About Your Retirement - Interview with Mat Sorensen - Episode 1012

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.4 • 1.1K Ratings

🗓️ 28 December 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

New data shows the average American is not prepared for retirement thanks to faulty programs like the 401(k) plan and traditional IRAs. But what can you do if you want to have a more comfortable retirement? Luckily, there are a few alternative retirement plans that can create better outcomes.

In this interview, we're joined by Mat Sorenson CEO of Directed IRA, partner at KKOS Lawyers, national speaker, and podcast host. Mat is an expert in Self Directed IRAs and how to unlock the power of checkbook control of your financial future.

Transcript

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0:00.0	The truth about your retirement
0:05.0	about your retirement and some new data just recently released on your retirement account
0:12.0	and what it looks like for most
0:14.0	Americans who are relying on a 401k plan who are you know right up against these
0:19.1	inflationary numbers right now we just got data out just a few minutes ago actually on
0:24.2	consumers spending. People are spending less right now obviously because well they
0:29.2	need to save some money. They need to put some money towards their energy
0:31.6	bills. They need to put some money towards just living cost of living expenses of course even though two days ago of course we got some good
0:38.6	CPI numbers on the consumer price index and what that means for inflation, but all of this to say that our retirement
0:46.1	plans are in a lot of trouble. And today we have a special guest here on the show. We'd love to welcome in
0:52.0	Matt Sorensen, he is the CEO of directed IRA. He knows all
0:56.0	about how to set up a self-directed IRA really dives deeply and educates a lot of people
1:02.0	around speaks about this at events and
1:05.1	podcasts about this about what is inside of our retirement accounts and how people
1:09.8	are sort of setting themselves up for failure and Matt is a good friend of our company as
1:14.9	well here at Morris Invest. Matt, welcome into the show, great to see you.
1:17.8	Thanks Clayton, I'm excited to be here. I love retirement accounts as long as you're using them right so it's a super
1:24.7	powerful topic and there's like 33 trillion dollars in US retirement accounts I don't know
1:30.8	that people realize how much money is here but I always tell people
1:33.8	there is more money in US retirement accounts than any other place like if you
1:38.2	think about investable dollars that could go and invest anything it's in US
1:42.3	retirement accounts and the cool thing about it is a lot of you
	...

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