Show Notes H. Quincy Long Description: H. Quincy Long is the president and founder of Quest IRA, one of the fastest growing IRA companies in the country. He is also a co-founder of Financial Friends Network together with Walter Wofford. Quincy and Walter organise the best cruise networking events, where you can meet investors just like you doing amazing deals while connecting with the right people and gain high-level education and training. Quincy educates people to take control of their retirement assets and invest in what they know best, whether that is real estate, notes, options, limited liability companies, limited partnerships, private corporate stock, joint ventures, precious metals, or a myriad of other choices. With brokerage style retirement accounts advisors want you to avoid “thinking outside the box,” meaning their narrowly defined investment box containing stocks, bonds, mutual funds and annuities. At Quest they teach you that “you don’t have to think outside the box, you just have to realize that the box is bigger than you think.”If you ever wanted to invest out of your IRA, this is the episode for you! Quest IRA - www.questira.comFacebook - www.facebook.com/QuestIRA Quincy Long – 855-386-4727 Quincy@QuestIRA.com Financial Friends Network - www.financialfriendsnetwork.com   Notes 00:00 - 1:30 Introduction 1:30 – 3:40 What is the IRA? The difference between Traditional and Roth IRA. 3:40 – 11:45 Main reasons someone would benefit working with IRA compared with the normal type of investment? Contribution amount and growing IRA from a small amount. Joint venture Death finance deals Your IRA can own a business! 11:45 – 17:42 What happens if you do prohibited transaction? Penalties Learnt the rules! 17:35 – 20:28 Financial Friends Network 20:21 – 30:35 Main prohibited transactions. 30:36 – 41:00 How do you grow a small IRA account? The best strategy for someone who wants to grow small IRA. Your IRA is separate legal person from you. Plan everything wisely! 40:30 – 42:05 Benefits of HSA.