Using Your IRA to Make Alternative Investments

Did you know that you can use your IRA funds to make alternative investments in your retirement portfolio?  If you are like 98% of investing Americans, the answer is no. In today’s episode of The Yield host Joe DiDomenico, the Director of Retirement Services at Yieldstreet is joined by Tim Berry, Tax Attorney & Self-Directed IRA Specialist, to discuss IRS rules and regulations for IRAs and how alternatives can be eligible IRA investments. The Yieldstreet IRA can help you diversify your retirement portfolio by giving you access to alternative investments across multiple asset classes, and the guest on today’s episode is going to show you how.Key Takeaways:[:50] Joe DiDomenico introduces Tim Berry and the topic of using your IRA to make alternative investments.[2:39] Why do only 2% of retirement plan assets in the US include alternative investments? [6:34] The Yieldstreet IRA account offers a more streamlined and readily available investing process.[10:06] IRS rules and regulations for IRAs and alternative eligible investments that can be purchased with an IRA account.[12:16] Details for buying an asset with funds that are borrowed from an IRA account.[14:40] Is it possible to invest in a traditional IRA and then convert it to a Roth IRA? [15:43] The prohibited transactions rule and how it affects doing business within families.[19:25] Examples of large endowment investors and the value of asset protection in retirement plans.[22:43] IRA lending requirements and options for creative investing opportunities. [28:23] How to overcome the overall lack of knowledge for the common investor about IRA investing.[32:44] Is it possible to set up a self-directed IRA after the money has already been pulled out?[33:55] Will Yieldstreet allow investments into Yieldstreet investments with a self-directed IRA non-Yieldstreet custodian? Or with inherited IRAs? [37:12] Is art an investment option with self-directed IRA funds? What is the time and cost to open up an IRA? [38:55] Beyond Yieldstreet, where can you find advice on self-directed IRA investing?[39:33] Can vested founder stock be sold by a founder into their own IRA account?[41:30] How to open up a traditional or Roth IRA account through Yieldstreet.[42:48] Tim’s final words on the value of investing in self-directed IRA accounts.Mentioned in This Episode:YieldstreetYieldstreet IRA