Podcast Episode #313: Derreck Long - Using Retirement Accounts to Invest in Real Estate
Episode #313: Dentist Freedom Blueprint Podcast
Derreck Long - Using Retirement Accounts to Invest in Real Estate
Today we’re going to peel back the layers on how you can self-direct your retirement accounts. My good friend Derreck Long from Quest Trust Company joins me on the show to share his expertise on utilizing 401(k), IRA, and other similar funds to work for you in bigger and better ways. If you’re interested in learning more about self-directing your retirement funds and you aren’t sure where to start, this is the episode for you.
Self-directing doesn’t mean simply putting your accounts with Schwab or Fidelity. You have the opportunity to really be involved in orchestrating your financial future and deciding what you get to choose from. Listen in as Derreck discusses alternative assets, how to choose them, and what kinds of methods he recommends to people who want to start investing their retirement funds a little differently—and possibly more effectively.
Minute Markers:
2:50 – Why a trust company is valuable in navigating self-directed funds.
4:03 – The qualifications it takes to be a trust company.
7:35 – The difference between a trust company and a custodian or broker.
10:26 – The kinds of accounts you can self-direct.
17:15 – Misconceptions about contributing to a Roth IRA.
22:15 – How to have your accounts be lenders.
26:40 – The main things you need to know in order to self-direct.
Featured on the Show:
Derreck Long: Website | Facebook | YouTube | LinkedIn
Investor Loan Source
Notes Direct
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.