Creating Wealth Real Estate Investing with Jason Hartman CW 726 - Jeff Nabers - Creator of the Solo 401k
If you are interested in growing your retirement money faster, reducing your risk paying less tax this episode is a must listen. You must align your interests with the financial institutions and the central banks as they are most powerful monetary entities in the world. As you build your income property portfolio you need to put your money in a retirement account which allows you to self-direct your funds without paying high taxes or penalties. The Solo 401k is a vehicle you can use to defer taxes and manage as a resource. Guest expert, Jeff Nabers, created the complete Solo 401k and designed an online tool so you can calculate possible risks before making major investment decisions.
Key Takeaways:[1:21] Financial institutions and central banks are the most powerful entities the human race has ever known and we should align our interests with them.
[6:50] Using the leverage of your 20% down on a property increases your power by 500%.
[8:35] The Newser Wells Fargo article: Details about the 185 million dollar fine.
[14:38] The Creating Wealth seminar is now part of the package available at Hartman Education.
Jeff Nabers Guest Interview:
[16:35] The Solo 401k was based on the Pension Protection Act of 2006.
[18:39] The 3 main advantages of a Solo 401k.
[25:32] There are two qualifications which differentiate a Solo 401k from a traditional Roth IRA.
[30:32] The Solo 401k allows you to invest $18,500 of your self-employment income.
[32:06] The IRS puts real estate investors in two categories one is a business and the other is a dealer.
[34:36] The rules of an IRA are much stricter than the rules of a Solo 401k.
[40:00] The most powerful thing an investor can do is to diversify.
[42:02] Health care costs and college tuition are impacted the most by inflation.
[42:34] The present value of money versus the future value of money and the lost opportunity costs of paying taxes on an IRA now.
[46:54] It's impossible to know how the government will tax retirement plans in the future.
[51:26] Jeff Nabers' company set up the only complete Solo 401k and designed an online tool.
Mentioned in This Episode: