BiggerPockets Money Podcast

How to FIRE Faster with a Self-Directed IRA

64 snips
Jan 31, 2025
Kaaren Hall, author of "Self-Directed IRA Investing: A BiggerPockets Guide," is an expert on self-directed retirement accounts. In this discussion, she reveals how self-directed IRAs can help you break free from the middle-class trap by allowing investments in real estate and more. Kaaren shares strategies to withdraw early, maximizing the potential of your retirement funds to build wealth faster. She also delves into the benefits of alternative assets and the importance of understanding tax implications to enhance your financial journey.
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INSIGHT

Self-Directed IRA Explained

  • A self-directed IRA lets you invest in alternative assets, not just stocks and bonds.
  • Traditional IRAs and self-directed IRAs follow the same IRS rules.
ADVICE

Passive Income in SDIRAs

  • Focus on passive income within your self-directed IRA.
  • You can screen tenants, collect rent, and hire vendors, but avoid direct property management for a fee.
ADVICE

Leveraging Retirement Funds

  • Use existing retirement funds for real estate if you lack personal funds.
  • Transfer funds from old employer accounts into a self-directed IRA.
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