Self Directed IRA Investing, with Kirk Chisholm
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 5 April 2019
⏱️ 49 minutes
🧾️ Download transcript
Summary
What is the difference between a traditional IRA and a self-directed IRA?
Kirk Chisholm of Innovative Wealth, and a regular panelist here on the Money Tree Investing Podcast, says “There’s no technical difference. It’s more of a marketing language that people use”.
“The self-directed IRA came about years ago as a way to distinguish between an IRA that’s investing outside of the stock market versus an IRA that’s investing in more traditional investments.”
Kirk should know. Self-directed IRAs is his specialty.
Listen as Joseph Hogue learns more about these interesting and unique investment options and then joins our panel to discuss the “red lights” of what to look out for.
For more information, visit the show notes at http://moneytreepodcast.com/237
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.5 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.9 | Hey, welcome to the Money Tree Investing Podcast. |
| 0:13.6 | We've got a great interview for you today. |
| 0:15.6 | My name is Joseph Hogue. |
| 0:17.0 | Obviously, not your normal everyday interviewer. |
| 0:24.9 | Miranda is evidently enjoying the brisk March weather there in Idaho. |
| 0:29.5 | But first, let's get it kicked over to Miranda for a sponsorship message. |
| 0:33.1 | Are you looking for a better way to invest through market turmoil? |
| 0:34.3 | Consider Betterment. |
| 0:39.2 | Betterment is a robo-advisor that uses modern portfolio theory to help you manage your portfolio and reach your financial goals. With betterment, you don't have to worry about what the market is |
| 0:44.1 | doing on a day-to-day basis. Instead, use the stock market to help consistently build wealth. For more |
| 0:50.2 | information, visit moneytreepodcast.com slash betterment. I use betterment to manage my own |
| 0:56.1 | retirement fund and my travel fund. That doesn't mean it's right for you. Moneytreepodcast.com |
| 1:01.6 | slash betterment. And if you're not into letting the robots take care of everything, we've got |
| 1:08.0 | we've got this great thing on the self-directed IRA. |
| 1:11.4 | So back over to you, Joe. |
| 1:14.6 | Thanks, Miranda. You know, Kurt Chisholm is a wealth manager, an innovative advisor group. And, |
| 1:19.5 | you know him as a frequent panelist on the show, but I wanted to get him on for an interview |
| 1:24.4 | all to himself. I'm a huge fan of retirement accounts, IRAs, 401k's, and just |
| 1:30.3 | the benefits and the advantages you get from that tax-advantaged investing. And I know this is |
| 1:35.3 | something that's right in Kirk's wheelhouse, something that Kirk does every day as a profession. |
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