passive income unlocked with Sujata Shyam On the New York City Podcast Network

362. Take Control Of Your Retirement Funds With A Self-Directed IRA With Corey Daharsh

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Since 2016 Corey has impacted hundreds of clients by providing diligent and thorough assistance with investment transactions ranging from small hard money lending to multi-million-dollar real estate syndications After moving to Western North Carolina in 2020 and transitioning roles to join Advanta IRA s Business Development team he s been able to leverage everything learned from personal experiences networking and continuing education to help investors and capital raisers confidently tap into using self-directed IRA 401 k HSA and ESA account to diversify their portfolios and increase their passive income growth In this episode Corey shares his expertise on topics such as reporting requirements asset classes that can be invested in strategies for converting from pre-tax accounts to ROTH accounts and more He gives helpful tips on how to get started with a self-directed IRA To learn more about Corey listeners can visit his website at Advanta IRA 00 01 – 01 30 Opening Segment Corey is an expert in the self-directed IRA space Self-directed IRAs allow investors to invest in whatever they want as long as it follows IRS rules 01 31 – 21 37 Take Control Of Your Retirement Funds With A Self-Directed IRA Ability to take control of retirement funds Traditional assets can be replaced with investments that generate income Investments can be tax-deferred traditional or tax-free ROTH money Most investors use self-directed IRAs for real estate investments Fix flippers Single Multifamily rentals Syndication investments He introduces his company which is called Advanta IRA Many people do not take advantage of self-directed IRAs because they do know it exists Self-directed IRAs can help retirement grow exponentially with tax-deferred or tax-free growth depending on the account type 21 38 – 31 39 Closing Segment Corey advises speaking with a CPA or tax preparer to decide how much money to convert from a traditional account to ROTH Corey shares where you can get in contact with him links below Quote s It should be your choice and what you invest into Even if you want to invest in the market Do so through a self-directed account with a brokerage setup or something so that you re making those decisions Corey Daharsh You can connect with Corey through his Website Advanta IRA LinkedIn Corey Daharsh Facebook Corey Daharsh WANT TO LEARN MORE Connect with me through LinkedIn Or send me an email at sujata luxe-cap com Visit my website www luxe-cap com or my YouTube channel Thanks for tuning in If you liked my show LEAVE A 5-STAR REVIEW like and subscribe Click here to visit this podcast episode