E09: Megan Galane, Mountain West IRA, discusses buying investment properties with self-directed IRA

In this episode, Nicole Saunches speaks with Megan Galane from Mountain West IRA about utilizing a self-directed IRA to purchase investment properties or other alternative assets. Nicole felt it was important to record this episode because 1) a lot of people don’t know about self-directed IRSa; 2) a lot of people don’t know you can buy investment properties and alternative assets with a self-directed IRAs; and 3) to speak with someone who has a great deal of knowledge on the topic. And as a Certified IRA Services Provider (CISP), Megan is uniquely qualified. In this episode, Nicole and Megan discuss the different types of accounts offered by Mountain West IRA and their annual distribution limits, the most common use of self-directed IRAs, prohibited transactions, converting employer retirement plans (401k, 403b, 457, etc) to self-directed IRSa, transferring from one IRA to another, health savings accounts and the most creative use of self-directed IRAs that Megan has come across in her time with Mountain West IRA. If you would like to speak with Megan or a member of the Mountain West IRA Team, you can reach them by phone at 866-377–3311 or via email at accounts@mwira.com. Additionally, listeners can sign up for Mountain West IRA’s newsletter or access their webinars via their website: www.mwira.com And, finally, listeners are also encouraged to tune in to Megan’s Women Building Wealth Podcast.