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Welcome to the StoryFinance podcast, where we’ll help you gain financial literacy by breaking down finance concepts and strategies through stories, not theory or accounting rules. Tune in and learn from experts who’ve been in your shoes. Numbers can be tricky. This podcast will help.
Episodes
Wednesday Jun 21, 2023
Wednesday Jun 21, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Scott Maurer is an attorney and a graduate of the University of Florida Law School. Scott started his career with Advanta IRA in 2006. His experience with various investment types and their unique processes makes him an invaluable asset. Scott holds the designation of Certified IRA Services Professional (CISP) and leads engaging seminars and webinars that educate the public on the intricacies of self-directed IRAs. Outside of work, Scott is an avid Tampa Bay Lightning and Tottenham Hotspur fan and loves to spend time with his family.
2:00 - The meaning of Self Directed IRA
3:25 - “A self-directed IRA - is you making the decisions on how best to invest your retirement funds.”
6:45 Misconception about Self-directed IRA
9:10 Can you withdraw my investment from Real Estate if I have 50% of my portfolio allocated to it and I am dissatisfied with its performance? Are there any associated fees for doing so?
10:25 Are there people who back out after investing and go back to the stock market?
12:35 When investing in real estate syndication using a self-directed IRA, can you immediately withdraw the cash flow to pay for your mortgage, or does the account need to be held? Are there any stipulations regarding the tax-free status of the funds?
14:15 Are there any limitations or rules, such as the 4% rule, regarding withdrawals from a self-directed IRA account?
15:45 Can you pass these accounts on to your children?
18:05 Roth IRAs
22:25 Is there different limitations on how much you can invest per year in each type of IRA account?
30:40 The value of Self-directed IRA
32:40 SEP account
34:30 Solo 401Ks
34:55 Takeaway from Scott
Connect with Scott:
Website - www.advantaira.com
Phone - 800 425 0653 ext 113
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