Why do you need an IRA/LLC.. [everything you need to know]

[@MrOJohn]

This is clear, clean, and concise.

[@MatSorensen]

Thank you!

[@joserizo41]

Thanks for all this info!

[@MatSorensen]

No problem, thank you for watching!

[@richard9827]

Real estate in. SDIRA with LLC like you suggest. What if you have an extraordinary expense like a new roof and the SDiRA doesn’t have enough money and no other IRA’s to transfer IRA money from?

[@MatSorensen]

Great question @richard9827, we will answer this during our live on Monday at Noon Pacific!

[@NCeesRealEstate]

Great Video easy to understand. So when you become over 65 can make distribution to yourself and those funds get taxed? Are you able to set monthly distros for Cost of living expenses?

[@MatSorensen]

You can start taking distributions as early as 59 1/2, Whether they are taxed or not depends on if the account was Roth or Traditional! You can set your distributions to whatever you want until you hit RMD age. Hope this helps!

[@NCeesRealEstate]

@@MatSorensen Thank you so much for reply & time.

[@glennallan8630]

How about the EIN for the checkbook LLC , seems like there's no answer. How about the new w-9 format , big changes . Probably why the bank and IRS are sending me love letters. Makes me wonder why I started one of these.thxMat

[@Sonicboomltz]

Crypto in Ira??

[@MatSorensen]

Yes definitely! We do it all the time at my company Directed IRA. You can learn more here.. directedira.com/cryptocurrency/

[@TinaDuke-vw2if]

I lind of inferstand that However, no one talks about the amount required for doing such things