Grand Rapids - Creating IRA/401k Wealth Through Real Estate ...

?

Have you wanted to get involved in real estate (whether it be directly or indirectly), but don?t think you have the cash-on-hand to do it? Well, you?re NOT alone with this thought process! It?s a common misconception that the only investments allowed in a retirement account are stocks, CD?s, and mutual funds. The fact is that broader investment options have been available to the public since the inception of the IRA in 1975, particularly those of the ?non-traditional self-directed? type.

If you are just learning of this concept now, we?re sure you have a few questions already. We?ll try to address a few of the common ones?

What exactly is a ?non-traditional self-directed? IRA? A self-directed IRA is technically no different than any other IRA (or 401k). The term ?self-directed? simply means that you, as an individual, have complete control over selecting and directing your own individual retirement account or 401k investments. ?The term ?non-traditional? arises because of the availability of additional investment options (real estate, notes, limited partnerships, commercial paper, and others).

How does a ?non-traditional self-directed? IRA benefit me? Many people have ?self directed IRA?s? (so they think); however, their only opportunities for wealth building revolve around stocks, mutual funds, and bonds. So while it is technically ?self directed?, their choices are very limited.

Along with the already attractive typical IRA benefits (tax-free profits, tax deductions, asset protection and estate planning), by going the ?non-traditional? route, you are gaining access to a world of opportunities to invest tax-free in (obviously we hope you choose real estate with us!), which through the power of compounding interest, will create true wealth for you and your family.

If this is such a great option, why haven?t I heard about it before? While the concept of investing in real estate and other assets in retirement plans has been around for more than 30 years, the concept hasn?t received large attention because most custodians who offer IRAs (banks and brokerage firms) focus on mutual funds and CDs because they have vested financial interests in you selecting those investments from them.

Is this legal? How does the IRS feel about it? Everything you have read about is completely legal! ?The Employee Retirement Income Security Act (ERISA) of 1974 passed the responsibility of retirement saving from the employer to the employee. Created in 1975, IRAs provide individuals a chance to direct where their retirement funds are invested.

The IRS code, instead of distinguishing which investments are allowed, identifies which investments are not permitted under these laws. Under both ERISA and IRS Codes, there are only two types of investments excluded: life insurance contracts and collectibles such as works of art, rugs, jewelry, etc. Refer to Internal Revenue Code Section 401 (IRC ? 408(a) (3)).

This sounds very intriguing! Where can I learn more? There are many custodian companies out there. Give us a call and we can get you in touch with the proper contacts so you can learn more and hopefully get started!

You can reach us at 616.678.2727 or via eMail at info@HuberPropertyGroup.com

Source: http://huberpropertygroup.com/using-your-ira-or-401k-for-real-estate-investing

millionaire matchmaker shawshank redemption 3 10 to yuma west virginia football west virginia football black friday violence black friday violence

Grand Rapids - Creating IRA/401k Wealth Through Real Estate ...
Rating: 100% based on 975 ratings. 91 user reviews.