5 Talents Podcast - How To Build Wealth Through Real Estate

Brian Eastman - How to Make the Most of Your 401k

June 28, 2022 Abel Pacheco Episode 205
5 Talents Podcast - How To Build Wealth Through Real Estate
Brian Eastman - How to Make the Most of Your 401k
Show Notes

Brian Eastman, a financial advisor who specializes in self-directed retirement plans has transitioned from working in corporate America to starting his own real estate business. He discusses the risks and challenges when starting his business and how he was able to overcome them by taking calculated risks and focusing on the right opportunities. They also discuss the importance of retirement planning and how to make the most of your 401k. Brian stresses the importance of diversifying one's investment portfolio across many different types of investments to mitigate risk. 


Brian Eastman is a principal and Sr. Consultant at Safeguard Advisors, LLC, a Self-Directed 

Retirement Plan provider headquartered in Boulder, Colorado. Mr. Eastman has personally worked with thousands of independent investors over the years and has a deep understanding not only of the tax framework that governs self-directed retirement plans but how to use such plans successfully in a variety of real estate and alternative asset investment types. 


[00:01 - 14:10] Opening Segment

  • Introducing Brian to the show
  • Brief background and career

[14:11 - 21:08] 401k: How to maximize your return

  • Why people in their twenties should be investing in 401k 
  • The average returns for commercial real estate

[21:09 - 35:22] How to Retire Safely with an IRA

  • Brian shares his experiences with commercial real estate, cryptocurrency, and blockchain
  • Brian recommends a diversified retirement plan that is IRA-based and offers a checkbook control option
  • Brian also recommends investing in physical metals, through a self-directed IRA or 401k

[35:23 - 42:10] How to Build Wealth with Private Equity Experts

  • A solo 401k: An IRA on steroids 
    • Has a much higher contribution limit
  • The 401k form of trust is run by the listener as the trustee, and there is no third-party administrator

[42:10 - 43:09] Closing Segment

  • See the links below to connect with Brian


Quotes:


"Most commercial real estate investments don't hit home runs. They don't get that 30% return if you were an initial investor in some cool startup which you can see in the stock market but they also don't tend to crater out when the news cycle happens bad.” - Brian Eastman


Connect with Brian through LinkedIn, or email him at brian.e@ira123.com.



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