How To Turn $2K into $5 Billion! | Using a Self-Directed IRA
How To Turn $2,000 Into $5 Billion Using a Self-Directed IRA!
In today's video we explore how to invest in alternative assets using a self-directed IRA using a recent example of this tax strategy by a well known entrepreneur and tech investor.
The likelihood you create these returns is highly unlikely; however the principals can be applied in the same manner!
IRS Guidance on Self-Directed IRAs and Prohibited Transactions
https://www.irs.gov/retirement-plans/...
0:00 Introduction
0:37 Peter, Elon, and PayPal
1:10 How He Did It
2:20 Alternative Investments in an IRA?
2:50 Roth Vs. Traditional IRA Tax Treatment
3:33 The Self Directed IRA
3:58 The Solo 401k
4:12 Regular IRA Vs. Self-Directed IRA
5:30 Advantages of The Self Directed IRA
6:45 Disadvantages of The Self Directed IRA
9:35 A Regular IRA Might Be Enough
10:26 Time To Execute
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⚡️My Recommended Self-Directed IRA Accounts
https://www.trustetc.com/self-directe...
https://www.mysolo401k.net/
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► PowerSignalz – Modern Investing For the Working Class
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► BenzingaPro - great for news and stock research https://pro.benzinga.com/tradertaxcpa...
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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