#76 with Kaaren Hall: How to Reallocate Your Investments Outside the Standard Retirement or Savings Accounts

Millennial Millionaire Real Estate Podcast

English - September 18, 2020 17:53 - 38 minutes - 70.6 MB - ★★★★★ - 56 ratings
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Previous Episode: #75 with Tyler Austin: Scaling to 100K in Deals per Month with Wholesaling

Next Episode: #77 with Yonah Weiss: Building a Branding and Social Media Strategy to Scale Your Real Estate Portfolio

In this episode, Jonathan Farber interviews Kaaren Hall on her journey from becoming a Realtor to various real estate niches to managing over $500 million with her firm. Kaaren is a specialist in self-directed IRA and 401k helping clients reallocate their investments outside the standard retirement or savings accounts. In this episode, we dive into topics like: IRAs, 401k’s, overall investment strategy, and more!

Top Takeaways:

IRAs made easy - 9:45 - 11:45

An Individual Retirement Account lets you save for later

Think of it as a bucket to hold money for the future

Benefits of IRAs are that the money set aside usually gets some type of tax break

A self-directed IRA is one type that can include assets outside the stock market

Can include real estate, precious metals, act as a bank, etc.

Understanding 401k’s - 12:00 - 13:45

A traditional IRA can be moved into a 401k - a Roth IRA cannot

A 401k can be a powerful tool in the right circumstances

In some cases the contributions that can be made to a 401k greatly exceed an IRA

Getting your strategy right - 16:15 - 18:00