Busted: Top Myths About Self-Directed IRAs | Alternative Investing | Equity Trust

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Discover in this episode the top 5 myths about self-directed IRAs!
0:00 Intro
0:55 Myth 1: You need a large balance to self-direct
1:36 2023 IRA contribution limits
2:10 2024 IRA contribution limits
12:56 Myth 2: Moving funds from one retirement account to another will trigger taxes
13:36 Myth 3: You can only roll over money once a year
14:20 60-day distribution rollover
15:51 Myth 4: When investing in rental property, I lose depreciation
18:15 Myth 5: Some transactions trigger unrelated business income tax (UBIT), so self-directed investing doesn't make sense
21:12 For tax-free and penalty-free withdrawals prior to 59 and a half, does only the contribution amounts qualify? Or both contributions and conversions included?