On this episode of Adam Talks, tax attorney and IRA Financial’s founder, Adam Bergman, Esq., discusses his latest book, Mastering the Self-Directed IRA, the ninth book he has written on self-directed retirement plans and tax planning strategies.
Mastering the Self-Directed IRA
Adam Bergman, tax attorney and founder of IRA Financial, introduces his ninth book, “Mastering the Self-Directed IRA,” in this episode of his podcast “Adam Talks.” He expresses pride in this work, which took nearly three years to complete and follows his previous book, “Seven Figures at 70,” published in 2021. Bergman emphasizes that the book is designed to be concise and accessible at about 105 pages, unlike his earlier, more extensive works on Self-Directed IRAs.
The book aims to provide comprehensive information on Self-Directed IRAs, starting from the basics and progressing to advanced topics. Bergman explains that it covers essential IRA, Roth IRA, SEP IRA, and SIMPLE IRA rules, including contribution and distribution guidelines, compounding returns, and the US retirement system’s foundation. The book also delves into different types of Self-Directed IRAs and prohibited transactions, offering examples and strategies to minimize unrelated business income tax (UBIT) implications.
A significant portion of the book is dedicated to Roth IRA strategies, conversion techniques, and the benefits of sheltering future income and gains from taxation. Bergman discusses investment strategies, such as using a Roth IRA to buy private stock or participate in investment funds, and touches on tax reporting requirements, custodial responsibilities, and asset and creditor protection. He highlights the importance of understanding these concepts to maximize the benefits of a Self-Directed IRA.
Bergman designed the book to be user-friendly, targeting readers of all experience levels, from novices to advanced investors. He tested its readability with various individuals, ensuring it was easily understandable. He emphasizes that mastering the Self-Directed IRA does not require extensive formal education or professional experience, as the book simplifies complex topics into digestible content.
The book is now available on Amazon at an affordable price, with plans for an audio book. Bergman believes this is his best work due to its concise and straightforward approach. He meticulously edited the book to keep it under 105 pages, ensuring it remains engaging and easy to read while covering essential topics sequentially.
In conclusion, Bergman encourages listeners to explore the book and other resources available on the IRA Financial YouTube channel. He expresses gratitude for the support from his podcast audience over the years and looks forward to continuing to provide valuable content on Self-Directed IRAs and alternative investment strategies.
