278: Self-Directed IRA vs. Solo(401k): Which is Best?

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 14 February 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Mat Sorensen and guest host Jarom Bergeson as they analyze self-directed accounts and break down who should use a solo(k) versus a self-directed IRA. Understand qualification rules, contributions differences, traditional/roth option, cost and set-up, custodian/trustee requirement, and investment differences. As a provider of both types of accounts Directed IRA can help you with either account option and KKOS Lawyers (www.kkoslawyers.com) can advise along the way, and set-up the Solo 401k...

Transcript

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0:00.0	Broadcasting worldwide on Internet Radio.
0:07.0	Refreshing takes on legal strategies.
0:10.0	Straightforward answers to difficult tax questions.
0:13.0	Independent ideas on building wealth.
0:15.0	It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.
0:19.0	Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter with important tax deadlines and articles at refresh your wealth.com.
0:28.7	Now here's Mark and Matt.
0:32.1	Welcome everyone to the Refresh Your Wealth podcast with Matt Sorensen and Mark Kohler.
0:39.7	Mark Kohler is out on assignment today,
0:45.3	so you have the pleasure of hearing from Matt Sorensen more. Mark always likes to talk over me,
0:53.5	so I'm kind of okay with that, him being gone. But I have Jeremy Burgesson, a amazing attorney in our law firm, KQS lawyers lawyers on the line who's going to be co-hosting the show with me today.
0:59.5	And Jerem, thank you for filling in today.
1:03.0	Yeah, excited to be here.
1:04.6	Look forward to it.
1:06.2	Yeah, Jerem has a degree in broadcast journalism.
1:08.6	I always let everyone know that when he joins.
1:11.6	So now he did get that degree from BYU.
1:15.6	So I don't know, you'll have to say whether that was a worthy degree to receive or not.
1:22.6	As you can tell, I'm not really using it.
1:24.6	I'm an attorney, so the value of that degree is is questionable.
1:29.8	That's true. That's true. Well, that's probably a better thing. Okay, well, it's a,
1:36.3	today's topic is a really important one. And it's actually one that Jeremy and I talked this
	...

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