Open Forum Q&A on Self-Directed IRAs

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Hey everybody, welcome in.
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It's Daniel Tersey with Directed IRA.
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Here to do a quick little uh QA live session, answer all your guys' questions, go over some maintenance, some tidying up, some some spring cleaning, if you will, for what you should be looking forward to with your IRAs.
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And then, of course, at the at the end, um we'll be taking questions.
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So uh this can go really quick, this can go really long.
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It depends on you know how many questions you guys have for me, and um, I don't know how long they'll let me avoid my job, I guess, is really all we're looking for.
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But uh, we'll get started.
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I'll do a quick introduction to myself for those of you that don't know me.
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If you could pull up the slides, Angel.
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Uh my name's Daniel Tercy, senior account executive and relationship manager over here at Directed IRA.
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I've been helping people set up accounts uh for the last couple of years, as well as many years before this.
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Uh, and I'm starting to get really hands-on with all of our relationships.
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So I'm really excited to be talking to you guys today and getting some questions and hearing your guys' feedback.
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Uh, as I mentioned, I want to go over some tidying and upkeep.
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So, just so everybody knows, it's a new year, it's 2026.
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I don't know if any of you guys have already given up on your New Year's resolutions.
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Uh, yeah, one person in the studio already has.
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Oh, uh, I'm slowly fading, but I'm still going.
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All right.
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Uh, for those of you that aren't and are trying to do your traditional and Roth contributions as your New Year's resolution, you got some updates.
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So, first and foremost, let's go over it really quick.
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You can still contribute to 2025.
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For traditional and Roth IRAs in 2025, it's$7,000 if you're under the age of$50.
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And it's$8,000 if you're over the age of$50.
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Okay.
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The only reason why I'm throwing these numbers out there is because now in January, you can contribute$7,500 if you're under$50 and$8,600 if you're over$50.
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So right now, if you want to do a full contribution for the entire year, you can almost do$15,000 if you're under the age of$50, and you can almost do$17,000 if you're over the age of$50.
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So it's a pretty sweet time to be contributing to your IRA.
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The IRS, believe it or not, gave you some more money to throw into your retirement accounts.
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As far as my self-employed people, the SEP and Solo 401ks went up, you can now contribute$72,000 if you're under the age of$50.
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So it went up about$2,000.
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And now your additional catch-ups, so people over the age of 50, you can do$8,000.
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And for those of you that are 60 to 63 who really want to get moving, you can do up to$11,250.
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So big time catch-ups, you guys can do now.
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You can now contribute as an employee of your self-employed business, you can contribute$25,000 if you're over the age of 60.
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That's just the employee contribution.
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Then you have the employer match, which can be upwards of$25,000, not to exceed the uh 72.
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So a lot of money you guys can get into your IRAs now.
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Lastly, you have the HSAs and the ESAs.
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So ESAs, nothing changed.
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HSAs did go up.
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We went up to$4,400 for single,$87.50 for family.
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Let me explain this really fast.
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I'm not an insurance agent, so I'm not going to tell you exactly what insurance plans to go out and get, but single, if you are just the only person on the plan, you can contribute$4,400.
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If you have even one dependent, you can contribute$8,750.
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Okay.
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So that's how it works, single to family plan.
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And then you obviously have a catch up of$1,000 if you're over the age of 55.
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So those are the nice little tidy upkeeps.
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Uh, you know, some of the things you guys should be paying attention to.
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Uh, we also, I need to know, uh, you know, anybody who has an IRA, uh, maybe has an IRA LLC, fair market valuations, they're due around March 1st.
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Okay.
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So you want to make sure that you get those in.
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You do have a little bit more time.
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I don't like to tell you guys that you have more time because I want you to get them in as early as possible.
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Set that deadline early so that you get it done early and you don't have to worry about it.
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But you do have some time after March 1st.
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But uh, we like to receive them here at directed IRA about March 1st.
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So, with that being said, I have a I have two more slides that I'll do at the end when we're wrapping up.
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Uh, but with that being said, I'd like to open up the floor to everybody, uh, to this imaginary audience that I have sitting in front of me.
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And I'd like to kind of grab some questions from you guys and see what's going on, what kind of questions you have, uh, and maybe even, you know, set it up to where you can set up a call with one of our account representatives.
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I know Michelle's in the chat right now taking some of these questions.
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Uh, she would be one of the people that you could set up a call and answer more specific questions if I can't get to them.
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So uh Jordan, who is here, I know none of you guys can see him, but uh, do you have any questions for me?
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I can.
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I've got a camera.
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Yes.
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You look like uh you got your blacks on, like you're gonna be doing a puppeteering or something like that.
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Well, this is this is the frigid area right here.
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I'm sitting right underneath the air conditioner.
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So in Arizona.
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So we we are getting questions.
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Um, we are getting them in the chat and in the QA.
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So I'm just gonna pick them um just as I see them here.
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So um, does the traditional rollover IRA contribution count towards the SEP total?
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Did you say SEP total?
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Yeah, the SEP total.
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Yeah.
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So SEP and traditional IRAs are looked at as the same.
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Um, so if you're contributing to both of them, you are gonna want to separate them.
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So make sure that you know that they're both pre-tax contributions.
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But as a self-employed person, you can contribute uh to your SEP, and as a just a regular old person, you can contribute to your IRA, your traditional IRA.
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So hopefully that answers that.
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Awesome.
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We're getting some great questions here, by the way.
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Um, oh, and and I also want to call out the names here.
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Yeah.
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Uh make sure I'm doing that.
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So that was Doug Dixon.
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Doug Dixon.
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And I know there's gonna be a lot of relatives in the chat.
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I think they all have the last name of Anonymous.
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Yes.
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Uh so if you don't want to be anonymous and be part of that family tree, you don't have to, okay?
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So we have a question from uh Amit Kumar.
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Okay.
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Is there an income limit for Roth contributions?
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I.e.
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cannot contribute if you make more than a certain amount.
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Yes.
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Uh Roth contributions are, I believe for single, it's$156.
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And for married, I believe it's$250.
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Uh Michelle can uh contradict me in the chat.
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Uh she's right next to a computer, but I believe it's uh$156,000.
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Um earned income, I believe.
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Sorry, excuse me, uh manage adjusted gross income.
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Uh so you're Maggie.
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And then for married, I believe it's$250.
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Maggie or Magi.
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Yes.
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Yeah, yeah.
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GIF or GIF.
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Yes.
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Yes.
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Okay, so uh we've got a question from uh Esther Stern.
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Okay.
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Is a Roth IRA set up to do self-directed?
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Uh, so this is I'm gonna I'm gonna elaborate on this question a little bit.
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I think, I think because we open up so many accounts, and this is something we do every day, we leave out little bits of information that uh are important, and this is one of them.
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All IRAs are the exact same.
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Okay.
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So technically, to the IRS, who is God for lack of a better word here for IRAs, um, they view all IRAs the exact same.
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The only thing that is limiting you in your IRAs your custodian.
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So when people come to us, they go, Daniel, I just I want a self-directed IRA.
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I don't care what it is, I just want a self-directed IRA.
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Well, all of the investments you do with us will be self-directed.
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And according to the IRS, you can self-direct into anything other than life insurance contracts and collectibles.
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Okay.
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But the custodian, Fidelity and Schwab, let's say, they only want you to direct or self-direct, whatever, if they're managing or you're managing, into stocks, bonds, and mutual funds.
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Okay.
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Us, we're the type of custodian that says, do whatever the heck you want.
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As long as it's a good investment for your retirement, go out, find it, and do it.
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If the IRS says it's okay, go do it.
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The only caveat is you have to find it.
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Okay.
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You have to go out, do your due diligence, find the deal, and then fill out the direction of investment paperwork, and you can direct into it.
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So a very long-winded answer: yes, a Roth IRA can do this.
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All Roth, all traditional, all SEP, all solo 401k, all ESA, all HSAs can do this.
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You just need a custodian that will allow you to do it.
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So I hope that helps.
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That's great.
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Michelle uh gave us a little clarity.
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Thank you.
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She says uh single is 168k.
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Married filing jointly is 252k.
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Okay.
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Did that go up, Michelle?
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The more you know.
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Yeah, yeah, thank you.
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I think that may have gone up.
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I swear it was 156.
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Um, but I'll concede to her.
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Next question um from Edward Thornton.
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Can I put my IRA under a trust?
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So, an IRA under a trust.
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It doesn't necessarily work that way.
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The way that you're gonna set it up is you're gonna set up your IRA, and then your trust is gonna become a beneficiary of that.
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And how you wanna set up your beneficiaries is entirely up to you.
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If you have a wife or a spouse and you pass away and you have this going to the trust, it's gonna follow all the rules of the trust.
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And I'm not here to explain trust and everything.
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That's not my job.
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I'm not Matt.
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I'm sorry, unfortunately.
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So I'll I'll leave that detail to him.
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But if it goes to the trust, it's gonna follow the rules of the trust, to the best of my knowledge.
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Okay.
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But if you have a spouse that, you know, maybe you want that money to go to that person first, then you could have them be beneficiary one, receive 25%, have the rest go to the trust, or you can do contingency.
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So there's all different ways you can set this up.
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But if you want the IRA to go into the trust when you pass away, uh, you can do that and it will follow the rules of the trust.
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Again, this is to the best of my knowledge.
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Um, so if you, you know, if you want some of this to go to your kids, but you don't want them to go on crazy rock star spending sprees because you passed away and you want to have certain rules, that's where the trust is going to come into play, and that's where you want the beneficiaries to be set up correctly.
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So hopefully that helps.
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KKOS lawyers, they can help you with that.
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So I would definitely recommend asking them.
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We have a are you ready for a prohibited transactions question?
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Oh, yes.
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A fairly detailed one.
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Okay, all right, all right, let's see.
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I got my self-directed IRA with your company in November with the help of KKOS.
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Beautiful shout out, setting up my operating agreement and bought a house with my SEP RA SEP IRA via Titan Bank.
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I'm being very careful not to do anything that can be considered self-dealing as I rehab the house for rent.
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I'm putting miles on my personal car, driving back and forth to the property into Home Depot, decor stores, hardware stores, and the township.
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How can I reimburse myself for the miles I'm driving without any quote unquote imperial entanglements as I do not want any issues with self-dealing?
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How do I do this?
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And then he uh added to the question uh I am not personally rehabbing the house.
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I have contractors for that, but I have to drive to buy stuff for them to install and fix.
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Yeah.
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So there's a lot going on there.
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If you have a contractor who's doing this for you, why are you doing any work?
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Uh that's how I would view it.
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So that's that's number one.
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Number two is you can't just reimburse yourself willy-nilly.
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Um, you know, who's to say that you didn't also go and pick up a soda for yourself on the way?
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That's a personal thing.
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That has nothing to do with your house.
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Who's to say you have to be able to back all of this up?
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And again, I'm not Matt.
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I'm I'm not, I'm not the CPA lawyer, right?
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I'm not gonna be the one to defend you in court.
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So take everything I'm saying with this one with a grain of salt.
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But at the end of the day, you shouldn't be your IRA is to set up for your future.
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So you should be paying somebody, which you are, you said you have a contractor, to be rehabbing your investment, to be fixing up your investment.
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And maybe that investment is some home that you want to have when you're 59 and a half and you take an in-kind distribution and then you get to live in it forever, and you got to do everything tax-free, right?
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That's I believe what Mark Kohler's doing right now.
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Um, so these are the things you want to look at your IRA to be helping you, not to, not to be, to be helping for your future, not to be helping you right now.
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Um and the other thing that I say is anytime someone kind of brings up this reimbursement or why can't I go and work on the home?
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I'm helping my investment.
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Uh it's, you know, would you be doing that same thing for me on my house for free?
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No, you probably wouldn't.
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So you have to look at that as your IRA doesn't do those things for free either.
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So no direct benefit to yourself, okay?
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And you just you can't, they the contractor should be doing it.
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I mean, long-winded question, but or long-winded answer, but I really think that it's the contractor should be going and doing all that stuff.
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That's what you're literally paying them for through your IRA.
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So um, I hope that helps.
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I don't think you should be reimbursing, reimbursing yourself.
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But again, if you want a more detailed answer, you worked with KKOS lawyers, I'm sure they'd be willing to answer that a little bit more specific.
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I concur.
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By the way.
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Thanks.
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Okay.
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So we have um a question, and this is a sales question, so you're gonna love this.
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Can I transfer my Roth IRA from an existing employer-driven retirement fund to uh to SDIRA?
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Can I move my uh Roth IRA?
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Where is it coming from?
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Uh from uh an existing employer-driven retirement fund.
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Okay, so W-2 sponsored.
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So my question is you said existing.
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I'm assuming that means that you're currently with this employer.
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So I'm gonna answer it both ways because I know it'll take a little while to type in.
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So if you are currently with your employer, I like to give people hope and say there's about a 3% chance that that'll be able to move out.
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Most of the time I don't see those move, though, I'll be honest with you.
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Unless you're above the age of 59 and a half, and then according to the IRS, you can do whatever you want with it.
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So speak with your benefits person, speak with your HR department, speak with the custodian that's holding it.
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Ask them if you can do what's called an in-service rollover.
00:15:15.279 --> 00:15:17.840
If they say yes, go for it.
00:15:17.919 --> 00:15:20.399
We can take, you can roll it over right when you can.
00:15:20.559 --> 00:15:22.559
If they say no, quit your job.
00:15:22.799 --> 00:15:25.039
No, I don't I'm just kidding.
00:15:25.120 --> 00:15:30.320
But believe it or not, a W-2 sponsored 401k actually is an incentive for you to stay with your company.
00:15:30.480 --> 00:15:34.320
Um, whether you believe it or not, you know, that's up to you, but it is an incentive.
00:15:34.399 --> 00:15:37.360
So they like to keep it with the company while you're working with them.
00:15:37.600 --> 00:15:49.279
Um if you have left and you have an old 401k or what people refer to as rollover IRAs, which are just IRAs at the end of the day, you can transfer or roll those over to us.
00:15:49.360 --> 00:15:51.919
But again, you have to have left employment.
00:15:52.799 --> 00:15:53.039
Okay.
00:15:53.200 --> 00:15:54.399
I'm gonna try and stomp you.
00:15:54.559 --> 00:15:55.120
Oh no.
00:15:55.279 --> 00:15:56.080
All right, great.
00:15:57.519 --> 00:15:59.679
We're gonna do some easy ones, but I'm gonna try and get you here.
00:16:00.000 --> 00:16:02.320
All right, so Dajim Fedo.
00:16:02.960 --> 00:16:06.720
Can I put my crypto IRA to an IRA LLC?
00:16:07.200 --> 00:16:08.960
Yeah, so you can.
00:16:10.240 --> 00:16:14.720
Um I would I would say you might as well.
00:16:14.879 --> 00:16:20.960
So I I would like to say, does this are is your crypto IRA with us currently?
00:16:21.120 --> 00:16:26.799
Um, and I I will wait to hear the response for that one because uh I do need to know that.
00:16:26.960 --> 00:16:34.159
If you have a crypto IRA with somebody else, uh you'll probably want to transfer something over or or move something over.
00:16:34.320 --> 00:16:41.360
But really, if you're going to an IRA LLC, I would recommend just going to our what I what I refer to as he said it's with someone else.
00:16:41.519 --> 00:16:42.159
It's with someone else.
00:16:42.240 --> 00:16:43.679
So for I'm not giving out free information.
00:16:43.840 --> 00:16:44.639
No, I'm just kidding.
00:16:46.080 --> 00:17:00.720
No, what I would recommend is you need to set up an uh what I call a regular IRA because these crypto IRAs with us, with other companies, they they're usually a little bit cheaper because they put you basically like Fidelity or Schwab.
00:17:00.799 --> 00:17:04.480
Fidelity or Schwab only allows you to do stocks, bonds, mutual funds on their exchange.
00:17:04.720 --> 00:17:09.279
These crypto IRAs say you can do only crypto on our exchange.
00:17:09.519 --> 00:17:13.359
You get to click push buttons, all the normal stuff that we we grew up doing.
00:17:13.599 --> 00:17:13.920
Okay.
00:17:14.240 --> 00:17:17.920
A regular IRA gives you the freedom of investing into anything.
00:17:18.000 --> 00:17:19.359
That's that's what we have, right?
00:17:19.440 --> 00:17:21.680
We have our regular and our crypto.
00:17:22.160 --> 00:17:35.599
You might as well just move into a regular IRA, open up an IRA LLC, get on the exchange, and then move those crypto IRA assets in kind over to the exchange.
00:17:35.680 --> 00:17:43.519
It's a little complicated, but you get it over to the exchange into that crypto IRA LLC, and you can then start trading it.
00:17:43.680 --> 00:17:45.519
I believe you could even self-custody it.
00:17:45.599 --> 00:17:47.680
Um, I believe that's what I've read in Matt's book.
00:17:47.759 --> 00:17:49.680
Uh so you can do all of those things.
00:17:50.000 --> 00:18:01.279
And if you want to maybe sell some of that crypto, which you can do inside of the IRA LLC, tax-free, and then go buy a house because you made so much dang money with it.
00:18:01.440 --> 00:18:03.680
You can go buy a property investment.
00:18:03.759 --> 00:18:09.200
And that's all because you're doing it within the guise of the regular IRA LLC.
00:18:09.680 --> 00:18:12.000
Um, so that's what I would recommend.
00:18:12.240 --> 00:18:20.400
Again, it's not advice or anything like that, but sure, you can get your crypto IRA into an IRA LLC.
00:18:20.640 --> 00:18:32.880
I would recommend just opening up an IRA LLC with us, getting onto an exchange, moving everything in kind over, and having the freedom to do whatever the heck you want, as opposed to just being kind of pigeonholed into crypto only.
00:18:33.599 --> 00:18:35.599
Personally, love it.
00:18:36.240 --> 00:18:41.599
Okay, this this question is similar to the question uh uh we got earlier, uh prohibited transactions.
00:18:41.680 --> 00:18:41.839
Okay.
00:18:42.319 --> 00:18:45.680
I feel like the answer is gonna be the same, but I'm gonna ask anyways.
00:18:46.000 --> 00:18:52.480
Looking to invest in a rental in Arizona while living in New Jersey, can I expense my trips there to my self-directed IRA?
00:18:52.720 --> 00:18:52.960
Yeah.
00:18:53.119 --> 00:18:54.799
So this is another one.
00:18:55.200 --> 00:19:05.599
So also be aware, even though I keep saying I'm not Matt, I'm I'm telling you guys a lot of stuff that's on Matt's podcasts, and I'm gonna give you guys some links afterwards where he talks about this.
00:19:05.759 --> 00:19:09.279
Uh, I'm gonna I'm gonna answer this question, then I'm gonna give you an example.
00:19:09.440 --> 00:19:12.640
So, and it's coming directly from one of Matt's podcasts.
00:19:12.880 --> 00:19:14.880
So, no, you can't.
00:19:15.119 --> 00:19:19.200
Again, it comes down to what were you doing?
00:19:19.440 --> 00:19:22.319
Were did you need to get that beer on that flight?
00:19:22.480 --> 00:19:27.359
Did you, you know, did you need to uh did you need to fly first class?
00:19:27.519 --> 00:19:31.359
Did you, you know, there's all these things that you have to prove.
00:19:31.839 --> 00:19:33.519
Do you did you need to do that?
00:19:33.680 --> 00:19:38.319
Wasn't an actual expense to to help find the home or something like that.
00:19:38.559 --> 00:19:42.240
And Matt talks about how he has a client that actually did that.
00:19:42.480 --> 00:19:45.519
Um, and I believe it was from here to Florida or something like that.
00:19:45.599 --> 00:19:51.839
And he explained to him, like, well, did you need to go to that club in Miami, you know, to go and see that home or something like that?
00:19:52.079 --> 00:20:05.759
So, and while those are kind of grandiose examples, those are the things you have to you have to acknowledge and and understand that what you're doing, will the IRS look at that and say, that wasn't necessary, right?
00:20:05.839 --> 00:20:09.119
And do you want to play that game, that guessing game with the IRS?
00:20:09.440 --> 00:20:11.039
Bring lawyers in again.
00:20:11.200 --> 00:20:19.039
I would recommend probably speaking to a law firm that can do something like that, maybe CPA lawyers, something in the area of Phoenix.
00:20:19.119 --> 00:20:20.720
I don't know, entirely up to you guys.
00:20:20.960 --> 00:20:23.119
But I would recommend speaking to them.
00:20:23.359 --> 00:20:31.680
Now, one of the examples that Matt gives on his on his podcast, and this is a prohibited one, this might help filter out some of the prohibited questions too.
00:20:32.079 --> 00:20:45.839
A guy gets an uh Airbnb, and he understands that he can't rent out this Airbnb to his grandparents, parents, himself, his wife, his kids, his grandkids, or their spouses.
00:20:46.240 --> 00:20:48.240
He's playing by the rules in that way.
00:20:48.400 --> 00:20:54.000
But his brother wants to go and do the Airbnb, and he's understands that that's not a disqualified party.
00:20:54.160 --> 00:20:55.839
That's not a prohibited transaction.
00:20:56.079 --> 00:21:00.400
So what he does is he he he rents it out to him for a fair price, again.
00:21:00.480 --> 00:21:04.880
So he's playing by the rules totally, but he calls up Matt and he says, Hey, I want to go and visit my brother.
00:21:04.960 --> 00:21:06.559
Is that a prohibited transaction?
00:21:06.799 --> 00:21:16.160
And Matt's ex Matt's example or answer was look, I don't think the IRS is going to be tailing you and tracking how much time you've spent there.
00:21:16.559 --> 00:21:19.279
But technically it is a prohibited transaction.
00:21:19.440 --> 00:21:28.400
And so you just need to be aware of these things and and just know that it is an investment and you shouldn't be playing with your investments at the end of the day.
00:21:28.559 --> 00:21:30.079
So hopefully that helps.
00:21:30.400 --> 00:21:31.119
Awesome.
00:21:31.440 --> 00:21:33.839
Guys, thank you for these questions, by the way.
00:21:33.920 --> 00:21:36.799
Like they are they are coming in um fast.
00:21:37.039 --> 00:21:38.559
I mean, no, this is this is great.
00:21:38.720 --> 00:21:40.480
Um, I thought maybe you'd have one or two.
00:21:40.559 --> 00:21:40.720
Yeah.
00:21:41.599 --> 00:21:42.880
I was a little concerned too.
00:21:43.119 --> 00:21:44.000
This is this is great.
00:21:44.160 --> 00:21:46.240
So that was from uh Mike Formasano.
00:21:46.559 --> 00:21:46.960
Thanks, Mike.
00:21:47.200 --> 00:21:50.480
Um, the next question uh is from Dana Spencer.
00:21:50.720 --> 00:21:56.400
Does the five year time clock start over when you roll a Roth 401k to a Roth IRA?
00:21:56.559 --> 00:21:56.799
Nope.
00:21:56.880 --> 00:21:57.440
Very good question.
00:21:57.519 --> 00:21:58.240
It does not.
00:21:58.480 --> 00:22:02.720
Um so Once you have a Roth established, that is your timeline.
00:22:02.880 --> 00:22:09.680
So if you're transferring, and I believe people, I'm gonna sound a little anal here, but people keep saying rolling over their IRAs to another IRA.
00:22:09.759 --> 00:22:10.559
It's just a transfer.
00:22:10.799 --> 00:22:12.799
IRA to IRA is always a transfer.
00:22:13.039 --> 00:22:17.519
Takes about five to seven business days, a lot faster than a two to three week rollover.
00:22:17.759 --> 00:22:19.200
So just be aware of that.
00:22:19.440 --> 00:22:25.279
But once you have a so this question was uh a when you roll a Roth 401k to a Roth IRA.
00:22:25.599 --> 00:22:26.000
Oh yes.
00:22:26.160 --> 00:22:29.039
No, you're again, you're the clock's still, but that's okay, thank you.
00:22:29.119 --> 00:22:30.880
Yeah, it is a Roth 401k coming over.
00:22:30.960 --> 00:22:31.839
So it is a rollover.
00:22:31.920 --> 00:22:33.359
So you did use the right terms.
00:22:33.519 --> 00:22:38.720
I will foot, mouth, humble pie, crow pie, whatever I'm supposed to eat.
00:22:38.960 --> 00:22:39.759
Uh um.
00:22:40.559 --> 00:22:40.960
Yes.
00:22:41.359 --> 00:22:42.480
I wasn't going to correct you.
00:22:42.640 --> 00:22:42.799
Yeah.
00:22:43.039 --> 00:22:43.519
But you know.
00:22:43.839 --> 00:22:44.480
Yeah, I need it.
00:22:44.640 --> 00:22:47.200
I need to just for just for Dana's sake, yeah.
00:22:47.440 --> 00:22:48.960
She used the correct terminology.
00:22:49.200 --> 00:22:49.680
Yeah.
00:22:49.920 --> 00:22:52.400
So thank you, Dana, for doing that correctly.
00:22:52.640 --> 00:22:55.200
Um, no, your clock does not restart.
00:22:55.279 --> 00:23:01.759
Um, you are at a five year whenever it started, uh, that's your five-year time, uh, and you and you move from there.
00:23:01.920 --> 00:23:04.720
So it's actually, you know, set up a Roth for your kid right now.
00:23:04.880 --> 00:23:09.279
Their clock starts now, and they're good to go once they hit retirement age.
00:23:09.359 --> 00:23:09.680
No problem.
00:23:09.759 --> 00:23:12.720
They can transfer, move money, move funds, do whatever they need.
00:23:13.359 --> 00:23:15.759
So we have another prohibited transactions question.
00:23:15.920 --> 00:23:18.079
I think I think I know the uh answer to this again.
00:23:18.400 --> 00:23:19.359
It's almost always no.
00:23:19.440 --> 00:23:20.400
But yes, I know.
00:23:20.480 --> 00:23:21.519
It's almost always no.
00:23:21.680 --> 00:23:25.200
But I do feel like these are important and they're asking very specific questions.
00:23:25.440 --> 00:23:27.680
So uh this is from Curtis Nesbitt.
00:23:28.079 --> 00:23:36.160
In an IRA LLC structure where I'm partnering with my IRA and we purchase a rental property, can I share in the profit of the rental?
00:23:36.480 --> 00:23:37.440
Oh, okay.
00:23:37.680 --> 00:23:44.240
Actually, if they're saying, so you okay, you have an IRA LLC.
00:23:44.319 --> 00:23:46.960
So here's your IRA LLC and here's you.
00:23:47.200 --> 00:23:49.680
Now you cannot transact with each other, right?
00:23:49.839 --> 00:23:56.640
You cannot, you cannot buy a property and your IRA goes in and buys it from you or helps invest in it or something like that, right?
00:23:57.039 --> 00:23:58.799
So here's you, here's your IRA.
00:23:59.200 --> 00:23:59.440
Okay.
00:24:00.000 --> 00:24:05.920
If you invest into a property together, 50-50, we're not gonna do any crazy numbers here.
00:24:06.160 --> 00:24:17.920
50-50 and you each put$50,000 in and you collect$1,000 of rent a month, you receive$500, your IRA receives$500.
00:24:18.400 --> 00:24:25.839
You invested together, you invested alongside, but you must maintain percentage ownership pro rata.
00:24:26.160 --> 00:24:31.119
So if you went in 50-50, you need to maintain 50-50 partnership.
00:24:31.279 --> 00:24:37.119
So don't go taking from that 1,000, don't go pocketing 750 and 250 into your IRA.
00:24:37.440 --> 00:24:38.319
That's prohibited.
00:24:38.400 --> 00:24:39.599
You cannot do that.
00:24:40.079 --> 00:24:43.839
But do maintain that percentage ownership.
00:24:44.000 --> 00:24:57.440
However, if you have a$10,000 repair, okay,$5,000 needs to come from your IRA and$5,000 needs to come from your pocket because you invested alongside of your IRA.
00:24:57.599 --> 00:25:00.880
You need to maintain the same percentage ownership.
00:25:01.200 --> 00:25:06.319
So, yes, you can take some money, but it has to be the percentage that you own of it.
00:25:06.400 --> 00:25:06.799
That's it.
00:25:06.880 --> 00:25:10.000
And it has to be invested at the same time.
00:25:10.240 --> 00:25:11.839
Do not come into this deal.
00:25:12.480 --> 00:25:21.920
You fet you figured out, you know, you you did a deal that you saw is gonna produce$100,000 a year and you want to get your IRA in it so that you can get some tax-free dollars going.
00:25:22.160 --> 00:25:22.880
Too late.
00:25:23.039 --> 00:25:24.640
You already bought it with your own money.
00:25:24.720 --> 00:25:26.880
You cannot bring your IRA involved.
00:25:27.119 --> 00:25:29.119
That was a good question, though, because it wasn't prohibited.
00:25:29.200 --> 00:25:31.359
I think they're, I think they phrased it correctly.
00:25:31.519 --> 00:25:32.799
I think it's yeah, correct.
00:25:32.960 --> 00:25:33.119
Yeah.
00:25:33.200 --> 00:25:36.160
But again, remember, guys, I'm not gonna defend you in court.
00:25:36.240 --> 00:25:38.559
I'm just here to help provide the education portion.
00:25:38.640 --> 00:25:39.920
This is what I know.
00:25:40.880 --> 00:25:44.079
Okay, uh, we have a question from Hui Yang.
00:25:44.400 --> 00:25:44.720
Okay.
00:25:44.960 --> 00:25:49.119
Do I still have time to set up a solo 401k for 2025?
00:25:50.000 --> 00:25:52.480
And does directed IRA have solo 401ks?
00:25:52.720 --> 00:25:55.279
Yes, directed IRA does have solo 401ks.
00:25:55.599 --> 00:25:57.039
Yes, you do have time.
00:25:57.279 --> 00:25:58.480
It's a little complicated.
00:25:58.640 --> 00:26:00.480
Michelle is on the line.
00:26:00.720 --> 00:26:02.400
Set up a call with Michelle right now.
00:26:02.559 --> 00:26:11.759
Michelle Pinghui, and um set up a call with him and go over uh the contributions that they could be doing um for their solo 401ks.
00:26:12.319 --> 00:26:15.279
Um I believe one tech.
00:26:15.759 --> 00:26:19.759
Yeah, it has stuff to do with S-corps and things like that that I actually don't really want to get into.
00:26:19.839 --> 00:26:22.319
That's something I'll I'll leave up to Matt and Mark to speak about.
00:26:22.480 --> 00:26:25.279
But we have tons of information on solo 401ks.
00:26:25.599 --> 00:26:35.200
Uh, whether you're setting them up as S-corp, Sol Prop, um they're they're all they're all good and good information there on how you can contribute based on those things.
00:26:35.599 --> 00:26:36.160
Awesome.
00:26:36.319 --> 00:26:36.799
Yeah.
00:26:37.039 --> 00:26:39.039
Um, Michelle is stealing your thunder.
00:26:39.200 --> 00:26:41.839
She's answering a lot of questions in QA QA here.
00:26:42.079 --> 00:26:42.319
Good.
00:26:42.480 --> 00:26:45.440
Um, I'm gonna look and see if there's any that maybe we can expand on a little bit.
00:26:45.759 --> 00:26:46.640
Okay, all right.
00:26:46.960 --> 00:26:51.839
Um I presume IRA rollovers are not subject to the yearly limits.
00:26:52.240 --> 00:26:53.279
I no, they are not.
00:26:53.519 --> 00:26:56.480
Yeah, that's so that's another good question that we skip over.
00:26:56.720 --> 00:27:07.279
Um, if you have a billion dollar IRA and you want to transfer some of that over to us, and you also want to contribute$7,500 for this year, you can do that.
00:27:07.519 --> 00:27:15.200
So you can you can move over$500 million and then contribute$7,000 for 2020, seven seventy five hundred for 2026.
00:27:16.240 --> 00:27:19.440
Okay, we have a question from uh Suzanne Moa.
00:27:20.160 --> 00:27:26.559
Um, just to be clear on fees, it's only$495 per year, regardless of account value, correct?
00:27:26.720 --> 00:27:26.960
Yes.
00:27:27.119 --> 00:27:31.680
When the account value is over$1 million, the fee is still$495 a year.
00:27:32.000 --> 00:27:33.519
Yes, that is true.
00:27:33.680 --> 00:27:37.279
I know some of our competitors charge you guys for being good investors.
00:27:37.519 --> 00:27:38.640
Uh, we do not do that.
00:27:38.880 --> 00:27:40.799
The more money you make, the happier we are.
00:27:40.880 --> 00:27:42.240
We keep a flat fee.
00:27:42.640 --> 00:27:43.039
All right.
00:27:43.119 --> 00:27:44.640
We have a uh question.
00:27:44.880 --> 00:27:48.240
I plan to use self-directed IRA to purchase a piece of land.
00:27:48.400 --> 00:27:48.640
Okay.
00:27:48.880 --> 00:27:50.240
May I use this lot?
00:27:50.400 --> 00:27:54.319
Do I need to pay rent on the lot or can I only rent to others?
00:27:54.720 --> 00:27:56.319
Uh read the question again.
00:27:56.400 --> 00:27:57.440
I don't know if I fully under.
00:27:57.759 --> 00:28:03.200
So you're trying to use your IRA to invest in a piece of land that you live on.
00:28:03.599 --> 00:28:05.359
So it's not clear.
00:28:05.519 --> 00:28:10.880
Um, it's basically asking if they can rent to others or do they need to pay rent on the lot.
00:28:11.200 --> 00:28:14.799
Yeah, so I'll try I'll try and answer it to the best of my knowledge.
00:28:14.960 --> 00:28:16.960
I mean, yes, you can you can buy.
00:28:17.119 --> 00:28:25.599
I know a lady who bought a piece of land in Texas inside of her IRA, and she leased it out to food trucks.
00:28:25.759 --> 00:28:29.519
And she had a whole bunch of food trucks on her land that she leased out to.
00:28:29.839 --> 00:28:34.480
She didn't have her food truck on that on that land because that would be prohibited.
00:28:34.559 --> 00:28:36.480
She cannot interact with her land.
00:28:36.720 --> 00:28:47.599
Um, but she could lease it out to everybody except for her grandparents, her parents, herself, her uh spouse, her children, her grandchildren, their spouses.
00:28:47.759 --> 00:28:49.759
Those are the only people she couldn't lease it out to.
00:28:49.920 --> 00:29:02.079
So um I believe the answer to your question is yes, you can purchase the land inside of your IRA and you can rent it out or lease it out however you'd like, as long as it's not to those seven people that I I talked about.
00:29:02.400 --> 00:29:02.720
All right.
00:29:02.799 --> 00:29:05.119
I'm trying to go through questions that Michelle hasn't answered.
00:29:05.359 --> 00:29:05.599
Yeah.
00:29:05.759 --> 00:29:06.720
Michelle, slow down.
00:29:06.799 --> 00:29:07.519
I know you can hear me.
00:29:07.759 --> 00:29:08.400
I know.
00:29:08.640 --> 00:29:14.319
Um just because I talk a lot, she can type faster than I can answer one basic question.
00:29:14.960 --> 00:29:21.200
Can you walk through the fees of a regular self-directed IRA versus a checkbook IRA?
00:29:21.440 --> 00:29:22.799
Pros and cons of both.
00:29:23.119 --> 00:29:23.440
Okay.
00:29:23.680 --> 00:29:24.480
I can do that.
00:29:24.640 --> 00:29:26.000
So that's that's that's simple.
00:29:26.240 --> 00:29:30.640
So both of them are going to be$4.95 annually.
00:29:30.799 --> 00:29:31.119
Okay.
00:29:31.279 --> 00:29:33.119
So the annual fee never goes away.
00:29:33.279 --> 00:29:36.880
That's what we charge in order to maintain your IRA for you.
00:29:37.039 --> 00:29:42.720
We do the reporting, we keep you in line with the IRS so that the IRS knows what you're doing is not taxable.
00:29:43.039 --> 00:29:43.279
Okay.
00:29:43.680 --> 00:29:45.599
That's where we come into play.
00:29:46.000 --> 00:29:50.079
Now, when you want to go out and you want to do an investment, it is$50.
00:29:50.480 --> 00:29:52.160
It's a transaction fee of$50.
00:29:52.880 --> 00:29:56.880
Um, you can go up a little bit more depending on what you're doing.
00:29:57.039 --> 00:30:04.000
It's only just real estate, but primarily a majority of you guys are just going to be doing$50 transaction fees.
00:30:04.400 --> 00:30:07.599
Um, once you get through that, that's really it.
00:30:07.680 --> 00:30:09.680
There are, we have a fee schedule on our website.
00:30:09.759 --> 00:30:10.559
You guys can go find it.
00:30:10.640 --> 00:30:15.599
We don't hide it behind, you know, booking a call or anything like that, like some of our competitors do.
00:30:15.839 --> 00:30:17.599
You can go right onto the website.
00:30:17.759 --> 00:30:18.960
You can find the fee schedule.
00:30:19.039 --> 00:30:19.839
It's all right there.
00:30:20.000 --> 00:30:22.640
I know a lot of my clients when they're setting up, they go through everything.
00:30:22.880 --> 00:30:24.000
Like, Daniel, what does this do?
00:30:24.079 --> 00:30:24.640
What is this to?
00:30:25.039 --> 00:30:33.839
95% of our fees affect, you know, or excuse me, those two fees that I listed affect 97, 98% of you.
00:30:34.079 --> 00:30:40.559
The other 2%, you know, those are our really extreme heavy lifters uh doing a lot of crazy investments.
00:30:40.799 --> 00:30:44.160
So the$50 transaction fee, the$495 annual.
00:30:44.400 --> 00:30:48.319
An IRA LLC requires a little bit more on the setup.
00:30:48.480 --> 00:30:52.799
Uh KKOS, we send you guys over to our sister company KKOS to set that up.
00:30:52.960 --> 00:30:58.079
And then pretty much the only difference is now you have ease of access to your funds.
00:30:58.319 --> 00:30:59.680
So you can write a check.
00:30:59.759 --> 00:31:04.720
You know, you find a piece of property you want to buy right now, you can write a check and give it to them right then and there.
00:31:04.880 --> 00:31:10.160
You don't have to wait for us to cut the check for you, which we take about 24 to 48 hours.
00:31:10.240 --> 00:31:12.160
That's our service level agreement.
00:31:12.319 --> 00:31:19.440
Um, which is, I mean, if Einstein was around, he wouldn't understand how we could move that fast.
00:31:19.599 --> 00:31:19.920
Okay.
00:31:20.079 --> 00:31:23.519
For an IRA company, 24 to 48 hours is really fast.
00:31:23.920 --> 00:31:26.960
But nothing's faster than writing a check or swiping a debit card.
00:31:27.119 --> 00:31:27.759
I understand.
00:31:27.920 --> 00:31:30.319
And sometimes real estate investors need that.
00:31:30.559 --> 00:31:32.880
So an IRA LLC helps with that.
00:31:33.119 --> 00:31:37.440
And you then don't have to worry about the transaction fee, which really isn't that big of a deal.
00:31:37.519 --> 00:31:42.240
Like my private money lenders don't even worry about transaction fees, they just pass it on to their borrower.
00:31:42.400 --> 00:31:43.200
It's 50 bucks.
00:31:43.279 --> 00:31:46.960
The borrower's just happy to get their 60,000, 70,000, 100,000.
00:31:47.119 --> 00:31:49.119
So hopefully that answers everything.
00:31:49.440 --> 00:31:52.799
Michelle's telling you you need to be faster if you want to get to it.
00:31:53.039 --> 00:31:56.720
So she's like, I could have typed three paragraphs by the time you got through that.
00:31:57.039 --> 00:32:01.200
Um no, it it looks like she's answered um all the questions here in the QA.
00:32:01.440 --> 00:32:01.680
Perfect.
00:32:02.079 --> 00:32:02.960
You did it, you did a great job.
00:32:03.200 --> 00:32:03.359
Okay.
00:32:03.440 --> 00:32:04.160
If we did a great job.
00:32:04.319 --> 00:32:06.640
If we're done with the QA, I just got two more slides.
00:32:06.720 --> 00:32:08.400
I just want to wrap up if that's it.
00:32:08.559 --> 00:32:12.400
Because like I said, this could go, you know, we could go five hours if you guys have enough questions.
00:32:12.559 --> 00:32:12.960
Just kidding.
00:32:13.200 --> 00:32:16.799
Why don't why don't we go through the slides and then if more come in, I'll let you know before we end.
00:32:17.039 --> 00:32:19.680
Yeah, so so go ahead, keep asking questions if you guys have them.
00:32:19.839 --> 00:32:24.400
I'm gonna go through the last two slides and then we'll wrap up with a few questions if we have any.
00:32:24.720 --> 00:32:27.759
So um, let's see, I guess bottom right would probably be good.
00:32:27.839 --> 00:32:28.319
Yeah.
00:32:28.559 --> 00:32:37.119
Um, so just so you guys know, you can find all of this information that we gave you guys right now on our website.
00:32:37.279 --> 00:32:43.200
You can find it on our podcast, you can find it on our YouTube, you can find it on LinkedIn, you can find it on TikTok.
00:32:43.279 --> 00:32:44.960
You can, we are everywhere.
00:32:45.200 --> 00:32:50.319
If you guys Google an IRA question, it's either going to be us or the IRS that pops up first.
00:32:50.480 --> 00:32:50.799
Okay.
00:32:51.440 --> 00:33:00.079
But if you want to have all this kind of in the palm of your hand, you can scan that QR code and it gives you a link to book a call with us if you want to set up an account.
00:33:00.319 --> 00:33:04.799
It gives you a link to our website, it gives you links to our newsletters.
00:33:04.960 --> 00:33:23.519
It has, there's actually a really cool link that one of our marketing people put together where it gives you all of our podcasts we've done and puts them into nice concise categories where you have solo 401k questions, you scroll down to the PDF and you can find all of our solo 401k podcasts.
00:33:23.839 --> 00:33:25.200
Shout out Natalie Cooper.
00:33:25.359 --> 00:33:26.240
Natalie Coop.
00:33:26.720 --> 00:33:29.519
Um, that that is that's an amazing one.
00:33:29.599 --> 00:33:34.079
So if you guys scan that, you can get that, you can bookmark that so you could always reference it as well.
00:33:34.160 --> 00:33:39.200
That even goes for my people who have crypto IRAs with other custodians for some reason.
00:33:39.359 --> 00:33:41.359
We'll still give you this information for free.
00:33:41.519 --> 00:33:42.160
All right.
00:33:42.559 --> 00:33:57.920
And then lastly, if you guys have any questions, as I was directing people over to Michelle, that QR code will uh you could book a call with any one of our specialists, so any one of our IRA uh account reps like Michelle, uh, I can help out as well.
00:33:58.000 --> 00:33:59.519
And that'll take you to any one of them.
00:33:59.599 --> 00:34:03.599
So if you're looking to set up any accounts, get in before April 15th.
00:34:03.839 --> 00:34:07.519
That's the deadline to do your 2025 contributions.
00:34:07.920 --> 00:34:13.280
So for those of you who are sitting here and going, oh, well,$7,000 isn't a lot of money.
00:34:13.440 --> 00:34:14.159
Well, guess what?
00:34:14.239 --> 00:34:18.239
You can actually do$14,500 before April 15th.
00:34:18.480 --> 00:34:26.559
That I know for sure is enough money because my IRA account is around that amount of money and I'm self-directing it into investments.
00:34:26.800 --> 00:34:28.960
So it is enough money.
00:34:29.039 --> 00:34:34.320
Uh, you just need to get it set up and funded before April 15th for your 2025 contributions.
00:34:35.039 --> 00:34:37.039
Okay, we have one more encore question.
00:34:37.599 --> 00:34:37.920
Let's go.
00:34:38.000 --> 00:34:38.800
Should I stand for it?
00:34:39.039 --> 00:34:40.320
You should, actually.
00:34:40.880 --> 00:34:49.119
Um your money is parked in directed IRA, do you have any high-yield accounts to invest until a property is found?
00:34:49.519 --> 00:34:50.800
No, we do not.
00:34:50.880 --> 00:34:54.719
Uh, we do offer ETFs, mutual funds, and stocks.
00:34:54.960 --> 00:35:04.559
Um, you can talk to if you if you are at that level, um, you can talk to one of our account reps and they'll be able to direct you and show you kind of how that works.
00:35:04.719 --> 00:35:06.480
But you can still sit in ETFs.
00:35:06.800 --> 00:35:12.719
I also have clients that when they have money sitting here, they just send it over to Fidelity or Schwab and just wait over there.
00:35:13.039 --> 00:35:15.760
You can have multiple IRA accounts, it doesn't matter.
00:35:16.000 --> 00:35:21.280
Um, just know that you can do it with us or you could do it with uh Fidelity or Schwab.
00:35:21.360 --> 00:35:24.079
But um, yeah, I have clients doing all sorts of different things.
00:35:24.320 --> 00:35:25.119
Awesome.
00:35:25.440 --> 00:35:26.639
All right, that is it.
00:35:26.800 --> 00:35:29.760
If we missed anything, be sure to set up a call with Michelle.
00:35:30.000 --> 00:35:31.679
Yeah, and thank you guys very much.
00:35:31.840 --> 00:35:32.960
I I really appreciate it.
00:35:33.039 --> 00:35:35.039
I hope to see you guys more often.
00:35:35.280 --> 00:35:37.360
And uh thanks, uh thanks, Jordan and Ace.
00:35:37.519 --> 00:35:39.280
Let's do this again for doing this for me.
00:35:39.440 --> 00:35:40.559
So thanks everybody.
00:35:40.639 --> 00:35:41.599
I hope this was helpful.
00:35:41.760 --> 00:35:43.599
Uh have a great rest of your day.