All Forum Posts by: Desta Sillerud

 @Desta Sillerud 

This is great insight!  My fiancé is a nurse and she was saying the same thing.  I also think with baby boomers getting older, the healthcare field will be in high demand for years to come.

I have had great luck with "Directed IRA" - you likely have heard some of their podcast content or read the owner's book about self directed IRA's but they seem to be one of the most knowledgeable tax law companies out there and will get you on the right page. take advantage of their free consultation and then decide if you would prefer working with them or someone else...

I refer many of my investor friends/family/clients to these guys and have not heard anything negative yet.

I agree with much of what was said in the responses above, I believe leveraging ROTH is a great idea to limit your tax exposure in the future, additionally I have become aware that you can self direct an HSA in the same manner as a Roth, this could be a great way to allow you the benefits of the Roth but allow you to pull out before retirement age due to health issues if needed with no penalties. I believe this would also allow you to take distribution at retirement age, but I am not 100 percent sure of this, please fact check this as this is something I myself haven't had time to research, but became aware of in the last few days.

@Desta Sillerud I used "My Solo 401k Financial" one of the bigger pockets perks vendors. They seem good, I have checkbook control so I have very little need to interface with them.  You will need a bank and that can be an issue because most of them charge large fees. I used a local bank, North Star Bank. They have locations in Roseville & White Bear Lake. Ask for Dave Lameyer and mention me.  You will save quite a bit in fees.

I use Forge Trust for my self directed ROTH IRA with checkbook controll.

I used Discount Solo401k to set up my Solo401k ROTH.

Look hard at making these ROTHs. You'll pay the taxes the year you do the conversion but then everything is tax free from there. It makes a huge difference. 

I own houses in both and I sometimes make short-term loans to local investors out of my account.

I don't know about Minneapolis, but you don't need to confine yourself to that area. Look up @Dmitriy Fomichenko, @Brian Eastman, and others on this site who specialize in self directed retirement accounts. In fact, search around. The two I mentioned above have answered hundreds if not thousands of questions here about self directed retirement accounts over the years, including my own. They are very informative, affordable, and generally eager to help get you on your way. 

My solo 401(k) allowed me to lock up a great deal on 3 properties last month, using non-recourse financing. 

Yeah I think a lot of places are getting over-saturated. At BPCon in October I honestly think that every single person I met either owned one or was planning to buy one.

Curious where you are seeing evidence that the travel nurse market is "ever growing." My understanding is that that market is actually shrinking as demand abates "after COVID." It doesn't make sense to me why a hospital would pay a nurse's salary AND their cost of living if they could just hire locally, so I feel like long-term this trend will decline. If you google "travel nurse industry" you will find tons of articles about it, with varying outlooks.