Advanta IRA is seeing a growing number of clients using their self-directed IRAs to invest in real estate using private LLCs and trusts.
Tampa, Florida (PRWEB) March 17, 2014
Advanta IRA provides administration to many different accounts that can be self-directed. Types of accounts include traditional and Roth IRAs, SIMPLE and SEP IRAs, Individual(k) plans, as well as health and educational savings plans. When investors choose to use self-direct plans, they gain total control in making their own investment choices to build wealth in their accounts on a tax-free or tax-deferred basis.
While self-directed IRAs and other plans can hold traditional investments such as stocks, bonds, and mutual funds—alternative investments are also permissible assets that provide diversity in order to build wealth towards retirement, health and education costs. There is an abundance of alternative investments allowed in these accounts such as real estate, tax liens and certificates, precious metals, oil and gas rights, futures trading and much more.
There are also different ways self-directed IRAs can be structured for use in compliance with IRS rules that govern these accounts. “Advanta IRA is seeing a growing number of clients using their self-directed IRAs to invest in real estate using private LLCs and trusts,” says Jack Callahan, Managing Partner at Advanta IRA Services in Florida.
Most often, real estate is held in the name of the self-directed IRA. However, using LLCs and trusts to hold real estate in IRAs is an allowed type of structure for these plans. “There are complexities involving these types of arrangements, which is why Advanta IRA is holding more seminars and webinars to educate investors about using their IRAs in this manner, which helps them determine if these structures are ones they should consider,” says Callahan. The details involved can certainly a bit more intricate than the average acquisition of real estate in an IRA.
With this in mind, Advanta IRA is holding a complementary lunch-and-learn this week tailored to investors who are unfamiliar with self-directed IRAs. Participants can expect to learn the pros and cons of self-direction in general, as well as how to use their self-directed IRAs to invest in real estate using private LLCs and trusts.
Event: Lunch and Learn: How to Use Your IRA to Invest in Real Estate Using Private LLCs and Trusts
Date: March 21, 2014
Time: 12:00 pm - 1:30 pm
Location: 13191 Starkey Road, Ste. 9, Largo, FL 33773
Cost: No charge; lunch is provided
Register: By 5:00 pm on March 20th by contacting Larissa Greene at lgreene(at)advantairagroup(dot)com or by calling 727-581-9853, ext. 1140.
About Advanta IRA Services
Advanta IRA Services, located in Largo, Florida, has been in operation for over ten years, providing administrative service to owners of self-directed retirement accounts 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 and other investors in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize retirement 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.