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

<p>Have you been looking for ways to grow your retirement savings long term and to enjoy potential tax benefits? Look no further!</p> <p>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!</p> <p>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.</p> <p>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!</p> <p><strong>We discuss topics like:</strong></p> <ul> <li>Two Groups of Retirement Accounts and its differences:</li> <li>IRAs (Individual Retirement Arrangement)</li> </ul> <ol> <li>What is IRA (Individual Retirement Account)?</li> <li>How many clients does Bernard get who are quite clueless to the idea of retirement account investing?</li> <li>How to invest in an IRA?</li> <li>What do you do if you don’t have an IRA?</li> <li>Types of IRA</li> <li>What is a self-directed IRA and how does it work?</li> </ol> <ul> <li>QRPs (Qualified Retirement Plans)</li> <li>Pros and Cons of using retirement accounts in real estate</li> <li>Should you invest in 401K as well?</li> <li>What does the tax code say about investing?</li> <li>What do the TPAs do (Third Party Administrators)?</li> <li>ROTH account vs. the Traditional IRA</li> <li>Asymmetric Risk Reward Profile</li> <li>Investing in Syndication</li> <li>Which is more important: The Deal or The Sponsor?</li> <li>How do you vet a good Sponsor?</li> <li>How can you use cost segregation in retirement plans?</li> <li>PPP loans and UBIT</li> <li>Sales and Leaseback transactions</li> </ul> <p>Core questions:</p> <ul> <li>What is y