Tax Benefits Of Self Directed IRAs, With Kaaren Hall

A self directed IRA (SDIRA) can provide high net worth investors with access to a number of alternative asset classes in tax-sheltered retirement accounts.

Kaaren Hall, founder and CEO of uDirect IRA Services, joins Michael to discuss the use cases she sees for investors and techniques to avoid the most common mistakes made with SDIRAs.

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Episode Highlights

  • Comparison of self directed IRAs with the “plain vanilla” accounts many investors hold.
  • Complete list of the assets that can’t be held in a SDIRA.
  • The tax strategy behind holding assets with high expected returns in a Roth IRA account.
  • Prohibited transactions and other commonly made mistakes with SDIRAs.
  • The most bizarre assets Kaaren has ever seen custodied in a SDIRA.
  • The importance of “starting at the end” when thinking about retirement planning.

Episode Resources

Today’s Guest: Kaaren Hall, uDirect IRA Services

About The Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.