Tampa, Florida (PRWEB) August 23, 2014
Roth IRAs were established in 1997 thanks to the Taxpayer Relief Act. These accounts offer attractive benefits to investors who use them in that they offer the benefit of post-tax contributions, allowing earnings to accrue on a tax-free basis. Investors can choose to self-direct these accounts, giving them access to a very large pool of alternative investments that offer diversity and wealth-building potential for retirement.
Self-directed IRAs are popular tools investors use to control their own investment funds and decisions. “Roth IRAs are plan types that can be self-directed and common assets permissible within these accounts include real estate, private notes and mortgages, precious metals, stocks, bonds, foreign exchange trading and much more,” says Jack Callahan, managing partner of Advanta IRA Services. “Distributions of earnings may be taken on a tax-free basis if you are over the age of 59 ½ and have owned the account for at least 5 years.” Disabled person and first-time home buyers are also allowed tax-free distributions.
In addition to the benefits, these accounts have strict eligibility and distribution rules that apply which one must be aware of when considering this type of investment plan.
Only those within a certain income level are eligible to enjoy the benefits of having a Roth IRA, depending on modified adjusted gross income (MAGI). For example, for the year 2014 investors can contribute to a Roth IRA if they have taxable income and their modified adjusted gross income is less than:
Knowing the eligibility and income limits is crucial:
Self-directed plan administrator Advanta IRA Services is offering this event at no cost to educate investors on the benefits and risks of self-directed Roth IRAs.
The following topics will be covered during the event:
Investors of all levels are encouraged to attend.
Event: Lunch & Learn - The Power of Self-Directed Roth IRAs
Date: August 29, 2014
Time: 12:00 pm – 1:30 pm
Location: Advanta IRA Services, 13191 Starkey Road, Ste. 9, Largo, FL 33773
Cost: No charge; lunch is provided
Register: Before 5:00 pm on August 28th by contacting Larissa Greene at lgreene(at)advantairagroup(dot)com or by calling (800) 425-0653, ext. 1140.
About Advanta IRA
Advanta IRA Services, located in Largo, Florida, has been in operation for over 10 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.