18: How to grow your IRA/401k to $100m tax free like Mitt Romney

Published: Aug. 25, 2016, 5:26 a.m.

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Joshua Sharp of www.CompleteIRA.com is one of the most highly touted experts in retirement planning and investing. He turns the topic of retirement planning into a very exciting episode by illuminating some modern approaches to investing and growing wealth within tax free structures.

We dive into how Mitt Romney was able to generate $100m in tax free earnings in his IRA, and most importantly navigate some real world examples to give the listeners a shrewd example of how they may consider better structuring their own accounts. If you have ever wonder how IRAs, 401Ks, SEPs and a variety of other structures may be utilized to optimize your retirement savings than this is a great episode for you. We took a lot away from this episode and are making changes in our own retirement planning.\\xa0

Relevant links for guest:

www.completeira.com\\xa0

For a 15% discount at Complete IRA for Invest Like a Boss listeners go to www.completeira.com/ilab

Where are we:\\xa0

Sam \\u2013 Kiev, Ukraine
Joshua \\u2013 Portland, Oregon

Additional\\xa0Links:

Turn $50k into $3 Million with SEP-IRAs \\u2013 ILAB 05

Time Stamp \\u2013 Topic:

02:45 \\u2013 Fundamentals of retirement planning
06:00 \\u2013 Why retirement accounts are not for everyone
07:30 \\u2013 401Ks are a safer structure than IRAs
08:25 \\u2013 IRA vs 401K fundamentals
14:00 \\u2013 Investing in yourself for retirement
17:55 \\u2013 Solo 401Ks for earned income savers
20:00 \\u2013 Diversifying your retirement accounts
25:35 \\u2013 Utilizing multiple retirement accounts
31:37 \\u2013 Traditional vs. ROTH
34:20 \\u2013 Why traditional accounts may be a gamble
39:25 \\u2013 Converting traditional funds to a ROTH account
43:50 \\u2013 Keeping structures simple
45:25 \\u2013 Will the Government mess with our retirements?
52:40 \\u2013 A self directed IRA gives you a lot of investing flexibility
1:01:15 \\u2013 How Mitt Romney grew his IRA to $100m
1:06:30 \\u2013 Ditch your SEP for a Solo 401K
1:14:00 \\u2013 Is there a minimum age for retirement plans?
1:21:00 \\u2013 advice for employees with earned income

If you would like to take advantage of a special offer with Josh for Boss members only please visit: https://completeira.com/ilab/

If you enjoyed this episode, do us a favor and share it! Also if you haven\\u2019t already, please take a minute to leave us a 5 star review on iTunes and\\xa0claim your bonus here!

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