#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook
Passive Income PilotsApril 13, 2023x
1:02:1142.76 MB

#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook

On this episode of Passive Income Pilots, Tait and Ryan interview Carrie Cook, the CEO of Preferred Trust Company (PTC) and President of Ignite Funding. As a certified Self-Directed IRA Professional, Carrie oversees PTC, a licensed retail trust company acting as custodian for IRA owners' alternative assets. She simplifies the complexities of IRAs, providing a comprehensive overview of the fundamentals, nuances, and common misconceptions. Carrie explains different types of IRA accounts, the difference between rolling over and transferring IRAs, and the true meaning of "self-directed" in the context of IRAs. She highlights common mistakes investors make when moving their IRAs and provides a clear roadmap of the necessary steps and potential fees involved, empowering investors to make informed financial decisions. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(03:31) Overview of what Preferred Trust Company does

(05:23) What the term "self-directed" really means

(08:32) How custodians make money

(10:49) What is an IRA?

(12:24) Tax-advantaged accounts and IRA account types

(14:51) Understanding low contribution limits

(24:26) When can you move your funds?

(29:28) IRA investing is a double-edged sword

(39:39) How long does the process take?

(46:23) Why haven't people heard of these opportunities?

(51:35) PTC's fee model

(57:15) Where can you learn more or connect with PTC/Carrie

Carrie talking about IRAs: Self-Directed Retirement Account Investing with Carrie Cook

Connect with Carrie

Call: 888-990-7892

Email: info@ptcemail.com

Website: www.preferredtrustcompany.com

X: X.com/preferred_trust


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Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

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