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

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.  Relevant links for guest: www.completeira.com  For a 15% discount at Complete IRA for Invest Like a Boss listeners go to www.completeira.com/ilab Where are we:  Sam – Kiev, Ukraine Joshua – Portland, Oregon Additional Links: Turn $50k into $3 Million with SEP-IRAs – ILAB 05 Time Stamp – Topic: 02:45 – Fundamentals of retirement planning 06:00 – Why retirement accounts are not for everyone 07:30 – 401Ks are a safer structure than IRAs 08:25 – IRA vs 401K fundamentals 14:00 – Investing in yourself for retirement 17:55 – Solo 401Ks for earned income savers 20:00 – Diversifying your retirement accounts 25:35 – Utilizing multiple retirement accounts 31:37 – Traditional vs. ROTH 34:20 – Why traditional accounts may be a gamble 39:25 – Converting traditional funds to a ROTH account 43:50 – Keeping structures simple 45:25 – Will the Government mess with our retirements? 52:40 – A self directed IRA gives you a lot of investing flexibility 1:01:15 – How Mitt Romney grew his IRA to $100m 1:06:30 – Ditch your SEP for a Solo 401K 1:14:00 – Is there a minimum age for retirement plans? 1:21:00 – 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’t already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here! Copyright 2016. All rights reserved. Read our disclaimer here.

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