Creating Wealth Real Estate Investing with Jason Hartman 1756: John Hyre, Death of SDIRA Retirement Plans, Peter Thiel, Worldwide Housing Bubble Part 1
In today's episode, we have John Hyre, a tax attorney sounding the alarm on what the law makers are doing to control YOUR retirement funds, covertly slipping in legislation that will affect your SDIRAs, IRAs, ROTHs, 401ks etc. You need to take action before it's too late.
The Democratic House is looking to gut self-directed retirement accounts (especially IRAs, possibly 401(k)s and Solo 401(k)s), and they are attempting to do it very quietly and very quickly.
You can stand by and do nothing…and pay the price, literally. Or you can fight. To protect your retirement (or the funds that feed your business if you raise money from SDIRAs/401(k)s), you will need to fight promptly and loudly. Procrastinators are useless in this fight. On "how to fight it" visit the sites listed below.
Key Takeaways:
[1:30] Homes sold BEFORE built
[4:12] The World Housing Bubbles
[6:20] A Brief Intro on our Guest
[7:54] Housing Bubble Risk on VisualCapitalist.com
[10:45] Rollercoasters, the Perfect Housing Metaphor
[12:30] The Collective- an Invitation
[14:14] Introducing John Hyre
[15:02] The Tax Practice
[16:16] Why Should We Be Concerned About this New Tax legislation
[18:01] If It Passes, What Will Happen?
[21:28] HandsOffMyIRA.com
[25:28] Building a Berlin Wall Out of Paper
[26:43] What You Can Do
[27:35] Strategies Moving Forward
[30:50] Sample Deal
[32:51] What Peter Thiel did
[33:44] The Broader Economic Impact
[36:01] Ken McElroy Invites You to the Collective Mastermind
Tweetables:
A government that is broke becomes predatory on it's citizens. Jason Hartman
The government is trying to force you off of Main Street into Wall Street. John Hyre
They're building a Berlin Wall out of paper backed by guns. They don't care if you leave; but your money needs to stay. John Hyre
You don't want the tax tail to wag the economic dog. John Hyre
Websites:
The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year??? This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.
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