Today Lane from the simple passive casual podcast talks to us about how we can re-roll our retirement account into a self directed IRA. This is a method where we are able to have a retirement account that allows us to have assets so we can still invest in other things. We want to not only be set up for retirement but have our assets make money for us. We can be better set up for the future.
- While Schwab, Fidelity and company don’t charge account fees, mutual funds are notorious for hidden fees.
- The difference in net return between a personal account and a Roth IRA is massive over time.
- Cryptocurrencies can be held in an IRA, as can precious metals if they’re above a specified purity level.
I don’t know if this is true American history here but it created this thing called the mutual fund to keep your money locked up so they could extract a gazillion hidden fees.