A self-directed individual retirement account (SDIRA) is a type of individual retirement account (IRA) that can hold investments that a typical IRA cannot, such as precious metals, commodities, and real estate. Today’s guests debate the pros and cons of a self-directed IRA and who should invest in such a vehicle. 

John Bowens, Sr. Retail Sales Manager and National Educator for Equity Trust Company says, “The first mistake investors make is trusting a 3rd party.” A custodian isn’t going to do its due diligence to ensure it's a safe and sound asset. The investor in a self-directed IRA acts as their own financial planner. 

Tom Wheelwright, Rich Dad Advisor on Taxes says, “You have a lot more freedom, but it also brings a lot more responsibility.” Wheelwright goes on to explain from a tax position, the benefits and downsides of an IRA. 

Hosts Robert and Kim Kiyosaki and guests John Bowens, Jeff Desich, and Tom Wheelwright discuss the pros and cons of a self-directed IRA, and how to avoid the biggest mistakes people make with IRAs. 

Link to education modules discussed in the show:  https://www.goequitytrust.com/richdad
-----------------------------------------------------------------------------------------------------------------------------------
Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/richdad

Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.

See important Masterworks disclosures: https://www.masterworks.io/about/disclaimer

========== #financialeducation#robertkiyosaki #kimkiyosaki

https://www.richdad.com/

Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/

Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki

Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyosaki/