In today's show, Larry and Kandas talked about self-directed individual retirement accounts. They also discussed the things you can and cannot do with your self-directed IRAs. In addition, they also touched on the things you should be aware of when dealing with your retirement account.

Topics:

• What self-directed retirement account is
• Traditional investments vs non-traditional investments / alternative investments
• Law not permitting IRA funds to be invested in life insurance or collectibles
• Examples of collectibles
• Having a self-directed custodian
• Things you can invest in
• Things you can do with real estate using your retirement account
• Being careful not to be charged with Unrelated Business
• Income Tax (UBIT)
• Borrowing money for real estate
• Loaning money through your IRA
• Being a passive investor and owning a business using your retirement account
• Buying and holding real estate in your self-directed IRA
• Contribution limits
• Investing in cryptocurrency

Quotes:

• "The IRS doesn't like you operating a business inside your retirement account."
• "You've got to keep everything separate from being co-mingled."