. “Advanta IRA strives to provide complimentary educational information and to be a valuable, trusted resource in the self-directed IRA community.”
(PRWEB) December 05, 2014
AdvantaIRA Trust is dedicated to being a valuable resource in the world of investment options by providing educational tools for investors. In an effort to provide useful information on investing in real estate using retirement funds, Advanta IRA has created a new guide on the popular self-directed IRA asset.
A self-directed IRA gives investors the option to use alternative assets, such as real estate, to earn retirement income on a tax-deferred or tax-free basis. Understanding how this is done and being familiar with the rules and regulations is very important when making these transactions in an IRA. AdvantaIRA Trust, headquartered in Fort Myers, has created their Real Estate IRAs Made Easy guide to assist individuals in learning how to purchase property using retirement funds.
Any self-directed retirement plan qualifies to hold real estate as an asset. This includes traditional, Roth, SEP, SIMPLE, and qualified plans such as a 401(k). When using a retirement plan to acquire property, all of the income and sale proceeds flow directly into the account tax-deferred or tax-free. Permissible investments include single-family homes, multi-family homes, apartments and condominiums, commercial property, foreign property, and improved or unimproved land. Some of the most popular ways to obtain the asset is by cash purchase, partnering funds, and / or borrowing money using a non-recourse loan.
As with any investment there are rules as to who a self-directed IRA can do business with. This is an investment property, not a primary, secondary, or vacation home. A retirement plan cannot do business with the plan owner or any of his or her lineal ascendants or descendants. All expenses, such as the property tax bill, must be paid using the IRA funds. All income or sale proceeds must be deposited back into the plan. This ensures that the IRA funds continually reap the benefits of a tax-sheltered account.
“Before making any investment it is important to learn about the asset and to do your due-diligence,” says Dave Owens, managing partner of AdvantaIRA Trust. “Advanta IRA strives to provide complimentary educational information and to be a valuable, trusted resource in the self-directed IRA community.” The 14-page full color guide explains what a real estate IRA is, the types of retirement plans that can be used to make these acquisitions, options on how to purchase property in an IRA, rules and regulations, and frequently asked questions. Real Estate IRAs Made Easy is an educational tool offered at no cost and can be requested in hard copy or PDF by contacting the AdvantaIRA Trust office at 239.333.1032 or by emailing Brenda(at)AdvantaTrust(dot)com.
About AdvantaIRA Trust
AdvantaIRA Trust is a self-directed IRA administrator that provides tax-deferred and tax-free investment opportunities, superior customer service, and educational tools to assist investors in realizing the maximum benefits possible within IRAs. AdvantaIRA makes it easy to use self-directed retirement plans to invest in assets that the individual investor knows, understands, and can control. To learn more visit www(dot)AdvantaIRA(dot)com.
About Dave Owens
Dave Owens is the managing partner at AdvantaIRA Trust in Fort Myers, Miami, Gainesville, New England, and the Florida Panhandle. Owens opened the AdvantaIRA Trust headquarters in Fort Myers, FL in 2003. His background as a certified public accountant, combined with a long history of personal retirement self-direction, provides his audiences and clients with solid advice and practical solutions to their IRA investment questions. Dave holds a BS in accounting from Purdue University. He also earned the prestigious Certified Exchange Specialist designation through the Federation of Exchange Accommodators.