#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook
On this episode of Passive Income Pilots, Tait and Ryan interview Carrie Cook, the CEO of Preferred Trust Company (PTC) and President of Ignite Funding. As a certified Self-Directed IRA Professional, Carrie oversees PTC, a licensed retail trust com...
Passive Income Pilots · Tait Duryea and Ryan Gibson
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Show Notes
On this episode of Passive Income Pilots, Tait and Ryan interview Carrie Cook, the CEO of Preferred Trust Company (PTC) and President of Ignite Funding. As a certified Self-Directed IRA Professional, Carrie oversees PTC, a licensed retail trust company acting as custodian for IRA owners' alternative assets. She simplifies the complexities of IRAs, providing a comprehensive overview of the fundamentals, nuances, and common misconceptions. Carrie explains different types of IRA accounts, the difference between rolling over and transferring IRAs, and the true meaning of "self-directed" in the context of IRAs. She highlights common mistakes investors make when moving their IRAs and provides a clear roadmap of the necessary steps and potential fees involved, empowering investors to make informed financial decisions. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(03:31) Overview of what Preferred Trust Company does
(05:23) What the term "self-directed" really means
(08:32) How custodians make money
(10:49) What is an IRA?
(12:24) Tax-advantaged accounts and IRA account types
(14:51) Understanding low contribution limits
(24:26) When can you move your funds?
(29:28) IRA investing is a double-edged sword
(39:39) How long does the process take?
(46:23) Why haven't people heard of these opportunities?
(51:35) PTC's fee model
(57:15) Where can you learn more or connect with PTC/Carrie
Carrie talking about IRAs: Self-Directed Retirement Account Investing with Carrie Cook
Connect with Carrie
Call: 888-990-7892
Email: [email protected]
Website: www.preferredtrustcompany.com
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