Creative Capital Podcast 30: Generating A Tax-Free Wealth Through Self-directed IRA With Bernard Reisz

Creative Capital

Josh Ferrari

Business, Investing

4.9 • 62 Ratings

🗓️ 18 December 2020

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you been looking for ways to grow your retirement savings long term and to enjoy potential tax benefits? Look no further!

Investing in an IRA will either benefit you from tax-deferred income until you take withdrawals or your investment gains accumulate tax-free and you can also withdraw it tax-free!

Tune in to this episode to learn and earn tons of nuggets and mindset shifts from Bernard Reisz, a CPA and the founder of ReSure LLC with vast experience in the alternative investment and finance industries including self-directed retirement account needs. He is full of wisdom when it comes to the tax code and facets of real estate.

This might be quite a lengthy episode but you'll surely be blown away with heaps of knowledge about retirement accounts most especially how self-directed IRA works in achieving tax-free wealth!

We discuss topics like:

Two Groups of Retirement Accounts and its differences:
IRAs (Individual Retirement Arrangement)

What is IRA (Individual Retirement Account)?
How many clients does Bernard get who are quite clueless to the idea of retirement account investing?
How to invest in an IRA?
What do you do if you don't have an IRA?
Types of IRA
What is a self-directed IRA and how does it work?

QRPs (Qualified Retirement Plans)
Pros and Cons of using retirement accounts in real estate
Should you invest in 401K as well?
What does the tax code say about investing?
What do the TPAs do (Third Party Administrators)?
ROTH account vs. the Traditional IRA
Asymmetric Risk Reward Profile
Investing in Syndication
Which is more important: The Deal or The Sponsor?
How do you vet a good Sponsor?
How can you use cost segregation in retirement plans?
PPP loans and UBIT
Sales and Leaseback transactions

Core questions:

What is your favorite book?
Where are you headed in the future?
What is the oddest job you ever had to earn a book?
What piece of advice would you give to our listeners who want to succeed in real estate?

Resources:

Leonard Modinow - The Drunkard's Walk (book)
https://www.401kcheckbook.com
https://www.agentfinancial.com
https://www.resurefinancial.com

Listen all the way to the end of this one because we've got some pretty exciting news for 2021 for the future of Ferrari Capital! More to come!

For more information about Ferrari Capital, visit us on our website @ https://www.ferraricapital.com

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to the Creative Capital Podcast. You're dying to
0:08.6	how you can create wealth through real estate investing then you come to
0:11.9	the right place.
0:13.4	Join in every week as we go over the ends and outs of real estate investing
0:17.8	and learn how you, too, can become financially free. If you start doing getting yourself into a place of opportunity, then opportunity will eventually
0:30.1	come your way.
0:31.1	So not everything is about skill. It's about being in the right place in the right time, but if you're hunked down in your bunker, you're never going to be in the right place at the right time.
0:40.0	What's going on everybody? This is Josh Ferrari, host of the Creative Capital Podcast, and
0:47.0	Christmas is right around the corner. Can you guys believe it? I feel like this year has flown by even though I have been furloughed twice.
0:57.2	COVID's happened. 2020 is being crazy. You know, I'm amongst all the chaos. Me personally, I feel like it's truly been flying by because I feel like we've had the best opportunities ever, at least for my company, my business, my wife and I, our family,
1:15.5	we've had the best opportunities this year and we've grown a lot closer as a family,
1:21.5	marriage, you know, relationships, and also the business has grown, you know, being
1:26.8	furloughed. I was able to be full time in the business like I've been wanting to be,
1:31.6	you know, getting out of the W-2 job.
1:34.0	And so there's been a lot of growth this year.
1:37.0	And so, speaking of growth, this episode is going to be all about generating tax-free wealth through self-directed
1:46.0	IRAs. Now this episode is going to be a little bit longer than most of the other
1:49.8	episodes we've had but that's okay because there is a ton of knowledge in here.
1:53.5	There's a ton of little tidbits of things that you can learn. Mindset is in like a lot of
1:58.7	mindset shifts are in there. So even if some of these things are kind of surpass you in your state of kind of what
2:06.5	you're understanding right now in real estate and investing and that kind of thing,
2:10.8	there's still a ton of little like nuggets that you can get out of this that will propel you forward.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Josh Ferrari, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Josh Ferrari and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.