How to Invest Using a Self-Directed IRA with Kaaren Hall

You want to maximize your retirement fund and have heard about self-directed IRA, but how do you get started?  First things first, a self-directed IRA is a variation on a traditional or Roth IRA where you can hold alternative investments, including real estate, other businesses, and even precious metals that regular IRAs can't own. In general,  self-directed IRAs are available only through specialized firms that offer self-directed IRA custody services. In today’s episode, we will discuss how to open a self-directed IRA with the guidance of Kaaren Hall, CEO of uDirect IRA Services, LLC.Kaaren discovered a strategic way to put her 20+ years in mortgage banking, real estate, and property management to use. The solution was an untapped market for both her skills and for investors – self-directed IRAs. Through uDirect IRA, she has guided tens of thousands of Americans through the process of diversifying their investments using self-directed IRAs. Stay tuned and learn more about investing in alternative assets to grow your retirement account.“It does not have to be complicated. The process is open, fund, invest.”– Kaaren HallIn This Episode:- How do you transition from traditional and ROTH IRA to self-directed IRA- Investing in alternative assets- What is a non-recourse loan- Prohibited transactions and disqualified persons per IRC 4975- How can you cover a shortfall and other expenses- The Due Diligence of knowing who you’re investing in - Why you need an exit strategy- Asset classifications- The different IRA worldsResources:- IRS Publications- IRC 4975 on Prohibited Transactions-Bigger Pockets Real Estate Investment ToolConnect with Kaaren Hall and her company:- Website- Facebook- Instagram- Twitter- Linkedin- YouTubeConnect with Sharran:- Website- LinkedIn- Facebook- Instagram- Twitter

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