In this episode, Larry and Kandas talked about self-directed IRA accounts. They went through the different types of accounts as well as the benefits of each.

Topics:

Deal of the week
Companies they use and work with
Different types of accounts:
Traditional and Roth IRA
SIMPLE (Savings Incentive Match Plan for Employees)
Regular 401k and Solo 401K
Safe Harbor 401k
SEP (Simplified Employee Pension)
Health savings account
- Need to have a high-deductible health plan (HDHP)
- Using as a retirement account
ESA (Education Savings Account)
- Cannot be used for home schools
- Qualified education expenses
- You can change the beneficiary of the ESA multiple times

Quote:
"Not all healthcare plans that have a high-deductible are an HDHP plan.”