Mastering Trillion-Dollar Opportunities with Scott Maurer | Know your why #282

EPISODE SUMMARY:

Ever felt boxed in by traditional retirement investment options? Scott Maurer from Advanta IRA joins us to break down the barriers of conventional thinking with self-directed IRAs. His legal expertise and extensive knowledge in retirement planning illuminate the path for investors looking to expand their portfolio reach. Have you ever considered owning a piece of an English soccer club or tapping into the real estate market with your IRA? This episode peels back the layers on how to make these aspirations a reality.

Navigating the realm of IRAs can be as complex as a labyrinth, but fear not, Scott and I guide you through the nitty-gritty of traditional, Roth, SEP IRAs, and solo 401(k)s, including their unique tax implications. We don't just stop at theory; we equip you with practical steps and considerations for setting up your self-directed IRA. Real estate investments through this vehicle come under the microscope too, as we compare the tax benefits to personal real estate dealings. It's about giving you the tools and knowledge to make informed choices about where your retirement money can grow.

This isn't just a journey through financial education; it's about connecting your investments to your passions. With Scott's insights, this episode serves as your catalyst for rethinking your financial trajectory and discovering the 'why' behind your investment goals. Join us for a discussion that's sure to leave you both enlightened and inspired.

SCOTT'S BIO:

Scott Maurer is the Vice President of Sales for Advanta IRA, a nationwide self-directed IRA administrator. Scott has worked for Advanta since 2006, helping thousands of people invest in alternative assets (mainly real estate) using their IRAs and old 401ks. Scott is a frequent speaker and lecturer on the topic of self-directed IRAs and has also appeared on many real estate and investment podcasts. Scott is also an attorney and a member of The Florida Bar, although he does not give legal advice to Advanta clients.

Achievements: Over 50% growth in new business during 2023 (consistent growth also over the last 5 years)

GET IN TOUCH WITH SCOTT :

www.AdvantaIRA.com

https://www.youtube.com/channel/UCEE4_cMUgKC9g9t61vjPo_A https://www.facebook.com/AdvantaIRA/

https://www.linkedin.com/in/scott-maurer-18998465/

EPISODE CHAPTERS:

(0:00:00) - Understanding Self-Directed IRAs and Investment Options Scott shares his journey from law to self-directed IRAs, discussing misconceptions and educating investors about their potential.

(0:10:33) - Traditional and Roth IRAs Nature's retirement accounts: traditional and Roth IRAs, SEP IRAs for small business owners, and setting up self-directed IRAs with designated beneficiaries.

(0:15:06) - Transferring Funds and Tax Considerations Transferring funds into a self-directed IRA, investment process, tax implications of real estate in retirement accounts.

(0:26:42) - Self Directed IRAs and Retirement Investments Retirement funds can be invested in real estate through self-directed IRAs, providing more control and potential for raising capital.

(0:36:02) - Self-Directed IRAs and English Soccer Self-directed retirement accounts offer control over investments, while English soccer and cultural experiences enhance our connection to sports.

(0:45:10) - Understanding Your Why Real estate investing, entrepreneurship, and personal development are discussed with expert Scott on the Know Your Why podcast.

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/