Brag Radio

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.”