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After reading about Bernie Madoff, and how he constructed the longest running Wall Street Ponzi Scheme in History, I’ve decided to learn more about becoming my own bank. For 6 months, I went through training webinars and conference calls on something called Self Directed Investment Retirement Accounts.
For those of you from St. Louis…
Remember that twitching in your eye the last time you open your quarterly statement from Edward Jones? Remember, that four letter word you almost said because your stock portfolio still hasn’t done squat after 7 years?
With a self directed investment retirement account; ultimately, you only can get mad at yourself or give that beautiful person in the mirror a high five.
You have complete control of where your money goes, you can even convert a 401K to Roth IRA. From gold, oil, businesses, real estate and beyond, with a self directed investment retirement account, you become the bank.
You’ve heard of Bank of America, correct?
Well, I’m the Bank of Kendall.
Why don’t you become the Bank of (Your Name Here).
To get a non-sales pitch overview, I recently interviewed my friend Michael Starkey, my Costa Rica sales partner, to discuss how self-directed investment retirement account works from his perspective.
Conversation with Michael Starkey – KJAM Radio Show Notes:
- How did you learn about Self-Directed IRAs
- Explain the pro’s and con’s with utilizing a Self Directed IRA for RE investing.
- Can an IRA invest in International Real Estate
- What Are 3 Questions Someone Should Ask Before Rolling Over a 401K
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listen to the Michael Starkey interview. Enjoy!
To Learn more about for Maximum 401K Self-Directed IRA Investing visit:
Guidant Financial and they will send you free information cd
Moving Forward,
www.InvestmentRealEstateCorner.com – 1.888.462.3771 ext. 443
P.s. You can listen to my other shows on KJAM Radio on iTunes
{ 2 comments… read them below or add one }
Community banks in particular will likely have a tough time in 2010. Hundreds of regional institutions have a significant chunk of their loan portfolios ― up to and exceeding a quarter in some places ― in commercial mortgages.
At the same time, commercial debt is coming due at a staggering rate. The market will need about $1 trillion to service more than $3 trillion in commercial mortgage debt, according to a recent forecast by Keefe, Bruyette & Woods, a well-known New York analyst.
Thanks Jodi for the input.
Kendall