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Contact:
YouTube: Terry White
Website: www.sunwesttrust.com
Ep 034: Self-direct your IRA and 401K for REI | Terry White
03:15 – Terry gives an overview of his business and a little bit of his history. Terry also talks about individual retirement accounts.
04:36 – Terry talks about how lending money on an IRA (individual retirement account) works. Terry says you need to find a custodian that will allow you to make a specific type of investment.
07:12 – Terry shares the other benefits of funding a loan or investing money in an IRA. People need to be educated about IRA says Terry.
09:20 – Terry points out that a self directed IRA is not for everyone, it takes someone who understands investing. If you don’t understand what you are doing there’s a better chance that you’re going to lose your money says Terry.
12:10 – Terry gives an answer to Kyle’s first given scenario. Overall it’s a win-win situation for the family members based on Terry’s analyzation.
14:24 – Kyle gives Terry another scenario.
15:53 – Terry explains why IRA’s are not well known to the public. More people are finding out about self directed IRA’s because of the internet and advertisements.
19:06 – Terry shares his real estate investing experience and how he self directed his IRA. Terry has been in the real estate business all his life.
21:03 – Terry talks about how we can own real estate and a self directed IRA. Terry talks about the Checkbook Control IRA.
23:38 – Terry talks about the 401K plan. An indiviual that is self employed can create an Individual or Solo 401K says Terry.
25:11 – If you have a 401K you can borrow 50% or $50K which ever is less says Terry. Anyone that is self employed and considered a business can establish a 401K in that business Terry adds.
26:06 – Learn more and connect to Terry White through his YouTube channel SunWestIra. Terry White’s website www.sunwesttrust.com
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