Our guest in today’s Real Estate Jam Podcast episode is Edwin Kelly, one of the country’s leading self-directed retirement account experts in the space. He’s also the CEO and founder of Specialized Trust Company. Stay tuned, and learn from the expert!

The points below are from the 46th episode of The Real Estate JAM, where we discussed how you could take control of your financial life.

Sounds good? You can tune in to the full episode on YouTube, Spotify, or Apple Podcasts.

Best Thing for Your Retirement

One of the reasons that people save money for retirement is to have control over their financial lives in the latter part of their life. However, there are so many factors that can do damage to your retirement fund. Knowing how to do self-directed IRAs can help minimize that.

Find a Helping Hand

Since self-directed IRAs can be a little complicated to process and understand, you should find a company that can help you with all the intricacies of it. Find out the different IRAs and what you need to do and consider before diving into one.

You can learn more by listening to the full episode on YouTube, Spotify, or Apple Podcasts.

Outline of the Episode:

• [00:48] Today’s guest is Edwin Kelly, founder of Specialized Trust Company and one of our nation’s leading experts in the self-directed retirement account space.
• [05:10] If you don’t have control over your money, then you don’t have any wealth you can count on in the long term.
• [06:37] Nobody will take responsibility for your financial future better than you will. Nobody will care about your money more than you will.
• [07:11] What’s the difference between self-directed and money that’s in traditional accounts? How does this affect real estate investing?
• [07:56] There are two types of IRA or retirement accounts. Which one are you more interested in? Vanilla or self-directed?
• [09:41] How can real estate investors use the self-directed IRA? Is it used for property purchases, or is it best for rentals? There are two ways to go about it. Figure out which one is yours.
• [14:08] If you have money in the stock market, you are not doing yourself a favor. Go for a self-directed IRA.
• [16:39] Did you know there are three steps to self-correcting your retirement account?
• [18:45] There are mandatory withdrawals from some of these other retirement accounts at a certain point. Does that type of rule apply to the self-directed space?
• [22:43] What makes a self-directed IRA a self-directed IRA?
• [23:32] Where can you go if you want to invest in your retirement account?

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