Apr 23, 2021
This episode is part 2 of my
conversation with Jennifer Falloon. She is the Sales Manager for
taxfreefuture.com, a self-directed IRA company. She has been in the
business for over eight years and is involved in 95-million worth
of assets.
Let’s jump right into this
episode and learn more about the benefits and beauty of a
self-directed IRA.
[00:01 - 05:34] The Game You Do Not Want to Play in
IRA
- The risk to avoid in multifamily
IRA
-
- Not putting your retirement money in a
long-term play.
- Jennifer talks about the Certificate of Deposit
saving.
[05:35 - 09:55] Self Direct 4O1K
- Jennifer talks about the difference between
self-directed 4O1K and IRA
-
- IRA is not as forgiving and diversified as
4O1K
- The same retirement plan account
- The smart way to build up your real estate
Empire using retirement accounts.
-
- Depending on your goals
- When you're investing using your investment
account, they have to be at arm's length away.
- The beauty of having a tax attorney on your
team.
- There is no guarantee that you won't get burnt,
so you have to be careful with who you work with, make sure your JB
agreement is solid.
- Make sure that the people you lend to are the
people that you know, like, and trust.
[09:56 - 16:15] Making Your Money Work For
You
- You work hard for your money, so your money
should be working hard for you.
- Creating a legacy for your next
generation
- The importance of preparing your retirement
plan early
- If you are in your 40-50 and not going to have
the money to retire in 15 years, but that money in a self-directed
account and find somebody who will pay you 20% interest because
that money will double in 5 years.
- Fear and ignorance hold a lot of people
back.
[16:16 - 23:27] Recycle Your Money
- Jennifer gives an example calculation on
recycling your money for a retirement plan
-
- find out what you have to have a lifestyle and
then recycle the rest and let that build
- The mechanism for recycling your
money
- Jennifer talks about how her company is being
transparent to its clients
-
- People always know where their money is
going
- The importance of educating your kids on the
basics of investing and money management.
- Have your money a little bit of
everywhere
Tweetable Quotes:
“There is no guarantee that you
won't get burnt, so you have to be careful with who you work with,
make sure your JB agreement is solid..”- Jennifer
Falloon.
“Life is a gamble; there could
be losses, so you just have to be smart and recover from your
loss.”- Jennifer Falloon.
“You work hard for your money,
so your money should be working hard for you.”- Jennifer
Falloon.
To know more or connect with
Jennifer, visit her company’s website at taxfreefuture.com or www.vorsainvestments.com.
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