Ep. 61: Checkbook Control for Your Retirement Plan with Bernard Resiz

Bernard Reisz is a CPA with extensive experience in alternative investments. He founded ReSure LLC & ReSure Financial Advisors. With a background in financial and tax analysis for institutional and personal investors, Reisz helps to empower investors to take control of their retirement accounts in accordance with their asset preferences. On this episode, Bernard shares tips to leverage tax-advantaged vehicles to maximize your retirement investments.

Key Market Insights

CPA with extensive experience in alternative investments
Founder of ReSure LLC & ReSure Financial Advisors LLC
Self-directed IRA and 401k specialist
Retirement Accounts: 401k and IRAs - tax-advantaged vehicles; can grow tax-deferred
Tax-deferred - earn interests and dividends without paying tax until you withdraw the investments
ROTH IRA - no tax deductions, but no taxes on earnings either
Eligibility: 401k plan, business income; IRAs, any income from owner or spouse
401k plan contribution components: Employee and employer contribution
Traditional IRAs - minimal trading fees. Revenues are extracted from every investment activity made on their platform
Self-directed IRA - fees include transaction fees and processing fees within your retirement account
Self-directed IRA: Custodian or Checkbook Control
Custodian - administers a retirement account, including reviewing and processing documents and investing the money
Checkbook IRA - set up a private equity investment; transfer all the IRA funds to the entity; IRA owner controls the funds
IRA prohibited transactions and disqualified person
Checkbook IRA for multiple deals; Custodians for single to limited investments over time
Differences: UBIT - Unrelated Business Income Tax, UBTI - Unrelated Business Taxable Income, UDFI - Unrelated Debt-Financed Income (refer to a real estate CPA)