IRA Update with Carl Fischer


Description:

In this training, Carl Fischer will bring us up to speed on the latest updates that affect your self-directed IRA. He will cover new rules, recent changes, and practical strategies we can use right now to keep our account compliant and profitable. He will also highlight opportunities that are often overlooked and show us how to protect ourselves from common mistakes that cost investors time and money.


Key Takeaways

  • Self-directed IRAs continue to be one of the most powerful tools for creating tax-free wealth.

  • Recent updates include adjustments to contribution limits and reporting requirements.

  • The IRS continues to enforce prohibited transaction rules — these haven’t gone away.

  • More investors are moving into private lending and alternative assets through their IRAs.

  • Staying current with custodians, CPAs, and IRS publications is critical to avoid surprises.

  • Even with updates, the fundamentals haven’t changed: fund your account, buy investments in the IRA’s name, and keep it tax-free.


Action Steps / Exercises

  1. Check Your Contribution Limit: Look up the current year’s IRA contribution limit and compare it to what you’ve put in so far.

  2. Review Your Investments: Make sure every asset you hold is properly titled in your IRA’s name.

  3. Schedule a Compliance Check: Contact your custodian or CPA to confirm you haven’t triggered a prohibited transaction.

  4. Explore Alternatives: Write down 3 new investment opportunities you could pursue inside your IRA (e.g., private lending, real estate notes, partnerships).

  5. Stay Updated: Bookmark the IRS page for IRA rules and set a reminder to check it at least twice a year.