Creative Capital Podcast 30: Generating A Tax-Free Wealth Through Self-directed IRA With Bernard Reisz

Dec 18, 2020

Have you been looking for ways to grow your retirement savings long term and to enjoy potential tax benefits? Look no further!

Investing in an IRA will either benefit you from tax-deferred income until you take withdrawals or your investment gains accumulate tax-free and you can also withdraw it tax-free!

Tune in to this episode to learn and earn tons of nuggets and mindset shifts from Bernard Reisz, a CPA and the founder of ReSure LLC with vast experience in the alternative investment and finance industries including self-directed retirement account needs. He is full of wisdom when it comes to the tax code and facets of real estate.

This might be quite a lengthy episode but you’ll surely be blown away with heaps of knowledge about retirement accounts most especially how self-directed IRA works in achieving tax-free wealth!

We discuss topics like:

• Two Groups of Retirement Accounts and its differences:
• IRAs (Individual Retirement Arrangement)

1. What is IRA (Individual Retirement Account)?
2. How many clients does Bernard get who are quite clueless to the idea of retirement account investing?
3. How to invest in an IRA?
4. What do you do if you don’t have an IRA?
5. Types of IRA
6. What is a self-directed IRA and how does it work?

• QRPs (Qualified Retirement Plans)
• Pros and Cons of using retirement accounts in real estate
• Should you invest in 401K as well?
• What does the tax code say about investing?
• What do the TPAs do (Third Party Administrators)?
• ROTH account vs. the Traditional IRA
• Asymmetric Risk Reward Profile
• Investing in Syndication
• Which is more important: The Deal or The Sponsor?
• How do you vet a good Sponsor?
• How can you use cost segregation in retirement plans?
• PPP loans and UBIT
• Sales and Leaseback transactions

Core questions:

• What is your favorite book?
• Where are you headed in the future?
• What is the oddest job you ever had to earn a book?
• What piece of advice would you give to our listeners who want to succeed in real estate?

Resources:

• Leonard Modinow - The Drunkard’s Walk (book)
• https://www.401kcheckbook.com
• https://www.agentfinancial.com
• https://www.resurefinancial.com

Listen all the way to the end of this one because we've got some pretty exciting news for 2021 for the future of Ferrari Capital! More to come!

For more information about Ferrari Capital, visit us on our website @ https://www.ferraricapital.com