A self-directed SEP IRA allows the employer and employees the flexibility to self-direct retirement funds into alternative investments they know, understand and can control—which provides more potential for success.
Atlanta, Georgia (PRWEB) November 05, 2013
SEP IRAs allow employers and employees, if any, to make contributions to individual, traditional IRAs owned by the employees, established at institutions of the employees’ choice. All employees must receive the same benefits, and are taxed at ordinary income tax rates when distributions are taken after the participant reaches the age of 59 ½ years.
Sole proprietors, independent contractors, self-employed individuals, partners, corporations, or S corporations are all able to consider self-directed SEP IRAs. Self-directed IRAs allow investors to choose from a myriad of alternative investments such as real estate, loans, mortgages, precious metals, and even things like oil and gas options," says Jack Callahan, Managing Partner of Advanta IRA Administration.
A SEP IRA does not impose the costs that many conventional plans do, and employers are able to contribute up to 25 percent of each employee’s pay on a tax-deductible basis. "A self-directed SEP IRA allows the employer and employees the flexibility to self-direct retirement funds into alternative investments they know, understand and can control—which provides more potential for success," says Callahan.
A self-employed individual may not have cash to consistently add to a retirement account every year. However, one benefit of being self-employed with a SEP IRA? These individuals are able to contribute significantly more to retirement in a year when cash flow is good.
Who should consider a self-directed SEP IRA?
- Individuals who do not want to be locked into making contributions every year.
- Those who would like a plan with low administrative costs.
- Investors looking for a wider range of investment choices including stocks, bonds, mutual funds, real estate, notes, LLCs and more.
Do not miss this opportunity to learn about all the investment options available for SEP IRAs including plan types, who qualifies, contribution limits, and more.
Event: Lunch & Learn – Self Employed? Do You Have A Self-Directed IRA?
Date: November 8, 2013
Time: 11:45 – 1:00pm
Location: 3525 Piedmont Rd., NE, Bld. 8, Ste. 101, Atlanta Georgia 30004
Cost: No charge. Lunch is provided.
Register: By 5:00pm on November 7th by contacting Teresa Chin by phone at (678) 513-8913 x 1147, or by emailing tchin(at)advantairagroup(dot)com.
About Advanta IRA
Advanta IRA Services, located in Largo, Florida, has been in operation for over 8 years, providing administrative service to owners of self-directed IRAs throughout the Tampa Bay and Sarasota, Florida regions. Advanta IRA Administration offers a second location serving the Atlanta, Georgia area and surrounding regions. Both offices are managed by Jack Callahan, J.D., CFP™. Advanta IRA offers classes, seminars and other educational tools designed to assist clients in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize IRA earnings on a tax-free or tax-deferred basis.
About Jack Callahan
Jack M. Callahan, J.D., CFP™, is the managing partner at Advanta IRA Services in Largo, FL and Advanta IRA Administration in Atlanta, GA. Jack established the corporate office, Advanta IRA Services, in 2003. Prior to that, Jack delivered specialized counsel to real estate investors, small business owners and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on the topic of self-directed retirement plans and an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants. He earned his bachelor of science degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law.