Episode 250: Unique Ways to Grow your IRAs and Retirement Account
1000Houses.com Podcast
English - November 25, 2018 11:00 - 24 minutes - 20.9 MB - ★★★★★ - 112 ratingsInvesting Business Careers entrepreneurship business marketing entrepreneur leadership realestate investing money finance interview Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Tim Berry has been a tax attorney for over 20 years and helped thousands of people free up their retirement plan assets to invest in real estate. He has been dealing with IRA and 401k issues since 1997 and helps his clients with:
Analyzing Self Directed IRA and Self Directed 401k transactions to make sure they complied with the rules.
Fixing messed up rollovers
Fix valuation errors with self directed IRAs and 401ks
Correct reporting errors on 1099s and 1040s for IRA
Design an estate plan for retirement plans
Analyze their account for violations of the prohibited transaction rules and try to repair the violations
Make sure their retirement plans have asset protection (some experts might tell you all retirement plans are protected, but Tim’s been hired by bankruptcy attorneys to successfully take IRA assets away)
Tim works with clients all around the country, typically billing by project, not by hour. That means his clients don’t get unexpected and expensive bills. As an investor himself, Tim knows the benefits of investing in real estate.
What you’ll learn about in this episode:
How Tim got involved in the area of retirement planning, and what lessons he’s learned after twenty years in the business
How it’s possible to legally live a completely tax-free life, and what services Tim provides to his clients
How, with an attorney’s help, you can run all your real estate deals through your 401K and avoid paying taxes
Why Tim’s tax-free strategies are a well-kept secret that more people should be taking advantage of
Why a “401K with checkbook control” is a powerful and flexible tool that can legally be used for many business purposes
Why financial planners hate self-directed 401K accounts, and why many misconceptions benefit the middle-men
How to access Tim Berry and Mitch Stephen’s joint 401K course to learn about self-directed 401K accounts and how to set them up
Why you can use your self-directed retirement plan to loan money at a higher rate for better returns
Why a self-directed retirement account can help you compound your net worth exponentially
Why the Freedom First 401K slogan is “we help you keep more of what you make”
Resources:
REInvestorSummit.com/Consult
REInvestorSummit.com/FreedomFirst
REInvestorSummit.com/GetStarted
REInvestorSummit.com/Machine
REInvestorSummit.com/skiptrace