by Yieldstreet | Staff
What options are available in the alternative retirement investment space? In this episode of The Yield, Peter Kerr is joined by Damion Lupo to discuss personal finance, investment, and retirement strategies. Damion is the founder of eQRP, the ultimate investment retirement tool, and the best-selling author of a dozen books and he is on a mission to free 1 million people from financial bondage. He hosts the Financial Underdogs podcast, ripping conventional wisdom apart for the Main Street investor looking for the truth about money and investing.
[1:18] Damion’s journey from a $25 million loss in real estate to founding eQRP retirement.
[6:36] Overcoming decision paralysis to get more out of your investments.
[10:10] Alternative investments can take investors beyond mutual funds, stocks and bonds.
[17:25] Regulatory risks associated with alternative retirement accounts.
[20:10] When to pay taxes on deferred and Roth IRAs.
[22:25] Is there a downside to alternative retirement investment accounts?
[24:07] Details about moving an existing 401(k) or 1031 into an eQRP.
[27:10] What kind of lessons do you learn when losing $25 million?
[28:21] Key differences between an eQRP and a self-directed IRA.
[33:09] Strategies that offer no tax payments under current tax codes.
[34:35] Educating yourself is the best move any investor can make.
Just about everyone knows at least something about saving for retirement with the help of employee-offered 401(k) products, IRAs, stocks and bonds, but how impressive is the ROI on these investments? According to Damion, the fees associated with these retirement funds don’t always add up to the best place to put your money. Unfortunately, the vast majority of investors aren’t willing to do the work required to educate themselves about alternative investments, making traditional retirement investment vehicles the way to go. But what alternative options do smart investors have? If you’re willing to put in the extra time and effort, Damion has the advice that you’ve been waiting to hear.
From real estate to crypto, gold and private notes, there are plenty of tax-deferred alternative investments options available through eQRP. But there are always regulatory risks associated with alternative retirement accounts, as Damion says because Congress is run by human beings who may have an alternative agenda from those that wealth-building investors have for themselves. So how can investors protect themselves against the ‘attack on wealth’?
The first and most critical step is to educate yourself. Understand the role that taxes play in investments. With deferred or Roth IRAs, mature investors are willing to pay taxes now, and doing so protects them from increasing tax rates and the potential for changes made by Congress in the future that may harm their investments.
Of course, unlike the investments that are made on Wall Street, which Damion describes as ‘sanitized and managed’, investments that you make yourself without the protective monitoring of professionals can result in recklessness and the possibility of losing everything. And as someone who has lost everything not once, not twice, but three times, Damion knows exactly how easy it can be to bet everything and then lose it all. The risk is definitely higher, but so is the potential for reward.
What kind of lessons does someone learn after losing $25 million? Damion shares the key money lessons that he learned after losing everything, and it all started when he shifted his perspective on his relationship with money and began educating himself. Throughout this conversation, Damion’s key takeaway is that every investor needs to start in the same place — educating yourself so that you can make more informed decisions about your money. Because no one cares about your money as much as you do.
If you’ve ever considered alternative investments for your retirement accounts, you’ll be interested to hear Damion’s perspective on the options that are available to investors today. He shares the details about a variety of accounts, but the big picture takeaway is that anything you can do with an IRA, you can do with an ERP and you have a lot more control in the process. This conversation is filled with powerful advice for educated investors who are ready to realize their next level.
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