E350 - Is This the END of Self-Directed Retirement?

I’m not trying to be alarmist, but this is a BIG one… Currently, several changes are being proposed that could have a disastrous impact on the world of self-directed retirement As some of you might have heard, it was recently revealed that Peter Theil has a self-directed IRA worth several billion dollars.  This inspired politicians to clamp down on the world of SDIRA’s, and now the entire industry could be in jeopardy. In fact… If these proposals are enacted, it could mean the end of the world of self-directed retirement as we know it. Not only would they impact the mega-IRA owners like Peter Theil, they would affect a HUGE percentage of the listeners of this program. Today, we are joined by Kaaren Hall, the president of uDirect IRA Services, a self-directed retirement account provider, to discuss the matter and what you can do. In this episode, we are going to discuss… Would these proposals end our ability to invest in private placements within our SDIRAs? Would we be forced to sell our interest in private placements? What would that mean for the real estate market as a whole?  The proposal includes an END to IRA-owned LLCs. What would this mean for those who have one? Typically, I try to avoid paying much attention to “purposed” regulations, but given that most politicians don’t understand the nuances of this space, getting ahead of this before it gets any more steam could be a VERY good idea.   Take Control, Hunter Thompson   Resources mentioned in the podcast: 1. Previous appearance - E14 - Controlling Your Future Through Self-Directed Retirement 2. Their website 3. Their guide to contacting your elected officials in the United States House of Representatives and Senate 4. Their article “Hands Off My IRA” 5. Their article “Tell Your Story”   Kaaren Hall's Socials: Facebook Instagram LinkedIn   Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register. CFC Podcast Facebook Group