I did it finally! I rolled over my IRA to a Self-Directed IRA with Equity Trust. My accountants only been telling me to rollover to a ROTH for a billion years now. Now I just transferred to Equity Trust but after this goes through then I will rollover to a ROTH. (If you roll over a traditional IRA to a Roth IRA before the end of this year you get to break it up into 2 years worth of paying the taxes on it.)
Thank you to Matt from Equity Trust for being on my behind and finally getting me today on my lunch break so I could do all of the paperwork.
If you have an IRA or 401K and haven’t looked into putting your money into a self-directed IRA perhaps you should take a moment to look over Equity Trusts website and you can call my guy Matt Tillac if you’d like to ask him questions.
Benefits of you rolling over your money to a self-directed IRA? Well you have total control over your investments and what I mean by that is that if you want to purchase a piece of real estate with your IRA, you can.
If you want to buy ATMs with your IRA, you can.
If you want to lend someone else money from your IRA so they can buy real estate and you can be the bank, you can.
If you want to lend someone else money from your IRA so they can buy ATMs and you can be the bank, you can.
If you want to lend someone else money from your IRA so they can (fill in the blank with ACCEPTABLE investments) and you can be the bank or enter into some kind of partnership with them, you can.
I know someone personally who is using their Self-Directed IRA to lend people money for their real estate deals. Also, if you’ve read my blog before you know that the person who lent us money for our last 2 ATMs used their Self-Directed IRA to do so.
So if you’ve thought about it or if you’ve never even heard about it…do yourself a favor and investigate the option today. You don’t have to do it, but you’d be doing yourself a dis-service if you didn’t at least educate yourself about the option that’s available to you.
Btw, the link I supplied above from Equity Trust is NOT an affiliate link. I do not get paid any fee or commission if you do business with them
Oh and if you have thought about getting started in the ATM business or growing your current ATM business and you don’t have cash on hand but you do have an IRA or 401k….this is definitely something you should research.