Chris Larsen discusses self-directed IRAs and strategies to convert retirement funds to Roth accounts, including rolling funds to a spouse's IRA to enable conversions and avoid the 10% early-withdrawal penalty while managing taxes on alternative investments.
Early access, early conversion. You know, people can take control back of their money so that they can potentially because I know a lot of investors, Marcus, they've been successful in their careers. They've got several million dollars in their 401k and they're like man, I'd really love to put this money to work in some alternatives they set up like self directed IRAs, but this is another step to that where they can potentially, you know, gain access or make it more tax effective.
The most recent example we've had in the last five years is kind of converting to Roth funds because you can get access to the funds without the 10% penalty. You, you, you can take some of those funds or roll it over to the, to your spouse's IRA and let them do Roth conversions to take advantage of, you know, paying the tax without the 10% penalty. Converting and putting in Roth IRAs or self directed IRAs or other investments.
