The Power of the Self-Directed IRA with Kyle Moody from American IRA

Jan 10, 2025

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Unlock Your Retirement Riches: Self-Directed IRAs for Real Estate Investors

Let's be honest: burying your cash under the mattress or hiding it in a can of tomatoes isn't a winning long-term investment strategy. But what if there was a way to secure your financial future, minimize taxes, and build wealth through real estate investments? This week on The Note Closure Show, we had Kyle Moody, Business Development Manager at American IRA, sharing his expertise on self-directed IRAs (SDIRAs). Get ready to ditch the piggy bank and embrace the power of smart investing!

Kyle's insights come from years of experience working with real estate investors, just like you. He understands the unique challenges of our industry and the need for investment vehicles that deliver both flexibility and tax advantages. SDIRAs fit the bill perfectly.

Why Self-Directed IRAs are Game-Changers for Real Estate Investors:

Control Your Investments: Unlike traditional IRAs, SDIRAs give you complete control over your investments. You decide where your money goes, not some faceless financial institution. You can invest in a wide range of assets, including real estate, notes, private placements, and more.
Tax Advantages: SDIRAs offer significant tax advantages. Contributions may be tax-deductible, and your investments grow tax-deferred, meaning you only pay taxes when you withdraw the funds in retirement.
Flexibility: SDIRAs give you the freedom to invest as you see fit. Unlike 401(k)s, there are no restrictions on investment choices, nor any limits on the amount you can contribute each year.
Protection: SDIRAs provide asset protection that traditional IRAs often lack. Your assets are shielded from creditors and lawsuits, offering valuable peace of mind.
Leveraging Other People's Money (OPM): An SDIRA allows you to leverage OPM (other people's money) through joint ventures and syndications, exponentially expanding your investment potential.

Humor and Relatable Moments:

Kyle’s story was filled with relatable anecdotes about the frustrations and triumphs of building a successful real estate business. He shared stories about dealing with bureaucratic hurdles (like the infamous "medallion stamp") and the importance of choosing a provider that offers top-notch customer service. American IRA’s commitment to personal service makes them stand out from the crowd, according to Kyle and Scott.

The discussion also touched on the various types of SDIRAs available (solo 401(k)s, traditional and Roth IRAs, etc.), the different contribution limits for each, and the importance of working with a qualified CPA and attorney to optimize your tax strategy. Kyle emphasized that while SDIRAs are not for everyone, they can be incredibly powerful tools for building wealth through real estate and other strategic investments.

Actionable Steps for Real Estate Investors:

Research and Choose a Provider: Do your homework and find a reputable SDIRA provider with exceptional customer service.
Set Your Investment Goals: Determine your investment strategy and asset allocation.
Establish Your SDIRA: Once you've chosen a provider, open your SDIRA account.
Fund Your Account: Begin contributing to your SDIRA as soon as possible. Remember, time is money in the world of investing.

Scott and Kyle make a powerful team, bringing their insights and expertise to the topic of investing for the future. Their podcast offers practical advice, relatable anecdotes, and a few laughs along the way. It’s a must-listen for any real estate investor looking to build a secure financial future!

Book a call with KYLE HERE!

Watch the original VIDEO HERE!

Book a call with Scott

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