A self-directed IRA gives plan owners total control over their retirement funds and investing decisions, allowing them to invest in what they know best—within the realm of their own comfort zones.
Atlanta, GA (PRWEB) March 27, 2015
Many people are under the mistaken assumption that in order to use an IRA for real estate investing they must first pull the funds out of the account, pay the taxes and penalties and then invest. However, by using funds directly from the self-directed IRA, account owners acquire the asset(s) underneath the retirement plan’s umbrella—avoiding any taxes or penalties, and preserving more capital to invest.
"A self-directed IRA gives plan owners total control over their retirement funds and investing decisions, allowing them to invest in what they know best—within the realm of their own comfort zones," says Jack Callahan, managing partner of Advanta IRA Administration. Income gained from assets held in retirement accounts grows on a tax-deferred or tax-free basis, depending on the account structure. Plans that can be self-directed include traditional and Roth, SEP and SIMPLE IRAs, individual 401(k) plans, and health and education savings accounts.
Self-direction is becoming popular as investors are learning that alternative investments can potentially present greater growth towards retirement income than reliance on traditional stocks, bonds and mutual funds. Real estate is the number one asset held in self-directed accounts.
Examples of permissible real estate options include:
- Single and multi-family homes
- Condominiums and townhomes
- Vacation rental properties
- Improved and unimproved land
- Foreign land
- Tax liens and certificates
Advanta IRA Administration, located in Atlanta, Georgia, is hosting this webinar on April 1 from 12:00 – 1:00 pm, which is offered at no cost to investors, individuals, and industry professionals who wish to learn more about self-direction and the opportunities these account structures represent. The class counts as a course elective for the retirement firm’s Advanta IRA University (Advanta U) program that educates CPAs, realtors, attorneys and other professionals who wish to learn how to better serve clients and potential clients who are investors.
Attendees learn about how the process works, what steps to take, and the rules and regulations that govern these transactions. The class will also touch on other types of investments that can be made with a self-directed IRA.
Event: Webinar – Invest in Real Estate without Paying Taxes
Date: April 1, 2015
Time: 12:00 pm-1:00 pm
Cost: No charge.
Registration: Contact Larissa Greene before 5:00 p.m. (EST) on March 31 at lgreene(at)advantairagroup(dot)com or by phone at (800) 416-8736 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.