Self-directed account owners choose assets they personally know and understand—and make acquisitions at a pace they are comfortable with—and clients who use IRAs to extend loans are familiar with the process of loaning money.
Largo, Florida (PRWEB) January 21, 2014
Clients of Advanta IRA Services use self-directed IRAs to acquire alternative assets such as real estate, precious metals, LLCs, LLPs, futures trading, foreign exchange…and much more. “While real estate remains the most popular investment, we have seen an increase in the number of clients further diversifying their portfolios by investing IRAs into private loans and mortgages,” says Jack Callahan, Managing Partner of Advanta IRA Services in Largo, Florida.
While there is the potential to build wealth towards retirement through interest on private loans that is not the only reason investors choose this type of asset. “Self-directed account owners choose assets they personally know and understand—and make acquisitions at a pace they are comfortable with—and clients who use IRAs to extend loans are familiar with the process of loaning money,” says Callahan. While no investment is bullet proof, self-directed IRA account owners maintain a certain level of control over their assets—from the time they choose a particular investment until the time they deem the investment a success or failure and decide to retain it or eliminate it from their portfolios.
In private lending transactions, the self-directed IRA plays the part a bank or other lending institution does by extending loans to qualified individuals or entities for things such as new home purchases or for business start-up and expansion capital. Private loans are also offered to other investors to use for their own investment purposes.
Advanta IRA does not offer investment advice, but is committed to educating their clients and other investors on the benefits and risks of using self-directed IRAs. Events such as webinars, seminars and interactive classes are held weekly for investors interested in learning about self-directed IRAs and other accounts.
Advanta IRA Services is holding a seminar on January 24, 2014, for clients and other individuals interested in learning more about private lending through an IRA.
Event: Lunch and Learn – Bank On It! Using Your IRA as a Private Lender
Date: January 24, 2014
Time: 12:00pm-1:30 pm
Location: Advanta IRA Services, 13191 Starkey Road, Suite 9, Largo, FL, United States, 33773
Cost: No charge, lunch is provided.
Registration: Contact Larissa Greene before 5:00 pm on January 23, 2014 at lgreene(at)advantairagroup(dot)com or by phone at (727) 581-9853 ext. 1140.
About Advanta IRA
Advanta IRA Services, located in Largo, Florida, has been in operation for over ten 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.