Busted: Top Myths About Self-Directed IRAs

Need a strategy for a small-balance IRA? Learn how investors with little to no experience jump-started their IRA growth. Accelerate your wealth through this course: https://learn.trustetc.com/courses/small-dollar-ira-accelerator?ref=127a53 Use code GETTINGREAL for 25% off! Discover in this episode the 5 myths about self-directed IRAs! 0:00 Intro 0:55 Myth 1: You need a large balance to self-direct 1:36 2023 IRA contribution limits 2:10 2024 IRA contribution limits 12:56 Myth 2: Moving funds from one retirement account to another will trigger taxes 13:36 Myth 3: You can only roll over money once a year 14:20 60-day distribution rollover 15:51 Myth 4: When investing in rental property, I lose depreciation 18:15 Myth 5: Some transactions trigger unrelated business income tax (UBIT), so self-directed investing doesn't make sense 21:12 For tax-free and penalty-free withdrawals prior to 59 and a half, does only the contribution amounts qualify? Or both contributions and conversions included?

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