1878 FBF: Edwin Kelly - Using the Self Directed IRA, Solo 401k and the HSA to Maximize Your Portfolio

Aug 5, 2022

58:16

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Episode notes

Today's Flashback Friday is from episode 542 published last July 15, 2015.

The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason's guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee's to help you make educated decisions about your investment future. You'll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know.

Key Takeaways:

Jason's Editorial:

2:15 Self directed IRA investing

4:32 Nathan asks about out of state rental properties

5:32 Have at least 4% of the properties value in the bank as an emergency fund

7:35 Steve asks about Jason's foundation

9:38 Steve also asks about credit history and bankruptcy

12:32 Asset based financing; a hard money loan

Edwin Kelly Interview:

14:55 Would Donald Trump be a good president?

16:30 Invitation for Warren to be on the show

17:24 IRA Custodians, Administrators what's the difference?