Top 10 Costly MISTAKES People Make With a Self-Directed IRA

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In this episode, we break down the top 10 most common mistakes people make when using a self-directed IRA, from prohibited transactions to avoiding UBIT and UDFI taxes. Learn how to confidently invest in real estate, private companies, and alternative assets while staying compliant with IRS rules.

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0:00 - Top 10 Self-Directed IRA Mistakes Explained
0:52 - Setting Up Your IRA Before You Invest
1:22 - Can You Buy From Yourself or Family With an IRA?
2:12 - Rules for Investing in Businesses You Control
3:22 - Managing vs. Working in IRA-Owned Assets
4:41 - Receiving Compensation and Avoiding Self-Dealing
7:00 - Using Your IRA-Owned Property (Why You Can’t)
8:23 - How to Handle IRA LLC Contributions and Distributions
10:11 - Understanding UBIT and UDFI Taxes
12:57 - RMD Risks for Illiquid IRA Assets After Age 73

Mat Sorensen is the Founder and CEO of Directed IRA & Directed Trust Company, an INC 500 company with over $2.5B in assets and 1,134% growth in the last three years. He leads one of the fastest-growing custodians for self-directed IRAs, helping investors deploy retirement dollars into real estate, private funds, and alternative assets. Mat is the author of The Self-Directed IRA Handbook, the industry’s most widely used guide with over 50,000 copies sold. He also holds advisory roles with KKOS Lawyers and Main Street Business Services and co-hosts two top-ranked podcasts for investors and entrepreneurs.
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Websites:

https://directedira.com/appointment
https://linktr.ee/SelfDirectedIRA
https://kkoslawyers.com
https://mainstreetbusiness.com
https://matsorensen.com
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Disclaimer: This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Consult with a qualified professional before making any investment decisions.
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The Self-Directed IRA Handbook: https://shop.matsorensen.com/products...