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Epic Real Estate Investing

How to Avoid the Dangers of Prohibited Transactions in Your Retirement Account | 367

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 3 April 2018

⏱️ 52 minutes

🧾️ Download transcript

Summary

Today on Tax Hacker Tuesday, Tim Berry dives deep into the tax code to dissect the alarming trend of IRAs "blowing up." Listen now to get everything you need to know about prohibited transactions and keeping your IRA safe, even if you're a seasoned real estate investor who's "heard it all before." Learn it all with Epic Real Estate and Tim Berry on Tax Hacker Tuesday!

Transcript

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0:00.0

This is Tereo Media.

0:04.0

Did you know that up to 50% of your lifetime income will be wiped out by taxes?

0:10.0

What if you could stop this madness?

0:12.0

Isn't it about time you play on a level playing field

0:14.5

with the wealthiest 1%? Now you can. Tim Berry, attorney at law, shares here each and every

0:20.9

week current tactics and strategies that anyone can implement to

0:24.6

hack the tax code. Protect your assets and keep what's rightfully yours. It's time for

0:30.5

Tax Hacker Tuesday.

0:44.4

What we're going to be talking about tonight is something that I find absolutely amazing and what that is is basically how most people as Ira's are probably blown up and they're not going to want to accept this fact and a lot of people can tell them that's not the fact but a lot of

0:48.6

people's IRAs are going to be considered blown up and we're going to talk about

0:51.8

how to fix those things. Now a

0:54.2

couple of disclaimers I wanted to say before we get going is one I'm a little

0:59.3

bit biased here. Number one I help people set up 401k plans. I don't mess with IRAs anymore.

1:05.0

Way back when I used to do self-directed IRAs quite a bit, but once I realized the issues with

1:11.3

self-directed IRAs, I don't even mess around with Iras anymore I set up

1:15.1

401k's and other disclaimer is the stuff we're going to be talking about it's somewhat

1:21.3

involved and there's a lot of legal technicalities on there and I am

1:26.0

involved right now in various court cases on this stuff so I just always like to let

1:31.4

people know before we go into a presentation what are my particular biases

1:35.1

where am I coming from so I just want to give people these kind of disclaimers before we get involved

1:39.7

in the fun stuff. So with that let's just kind of ramp up and let's just get in right into the fun stuff of Ira's.

1:47.0

Hey Tim? Yes ma'am. Before you start I know there's people that are wondering what does it mean when their IRA blows up?

...

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