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.
- 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.
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