When it comes to investing, it can feel like there are endless options for investment vehicles, strategies, and accounts. Invest in residential real estate or commercial? Keep your 401K, or open an IRA? Today we’re talking about an investment account you may not have realized is a good option for wealth creation: a self-directed IRA (SDIRA). And here to explain what this is, how it works, and how a SDIRA can help you build financial security, we’ve got Henry Yoshida!
Henry is the CEO of Rocket Dollar, a fintech platform that lets individuals invest their IRA and old 401(k) funds into private and alternative investments such as real estate, crypto, crowdfunding, startups, and others.
Henry talks about why he pivoted to fintech and Rocket Dollar’s mission to make self-directed IRAs more accessible. Henry talks about the history of these investment vehicles, why big banks have historically directed people away from self-directed IRAs, and the pros and cons of this kind of investment. This is a fascinating episode and you’re sure to walk away with new ideas for putting your retirement dollars to good use.
Find complete show notes and more information at therichergeek.com/podcast.