Real estate investors who use self-directed IRAs to acquire assets avoid the tax implications incurred from personally purchasing or selling real estate and preserve more capital within the IRA to reinvest.
Largo, Florida (PRWEB) June 01, 2015
A self-directed IRA gives plan owners total control over their retirement funds and decisions, allowing them to invest in what they know best—within the realm of their own comfort zones. Advanta IRA Services provides personal and professional administration of self-directed retirement plans. The firm also offers educational events designed to teach investors of all levels the benefits of these plans.
Real estate investing using a self-directed retirement plan is the most popular way these plans are utilized—and doing so does not require one to pull funds from the account to acquire a piece of investment property. Taking distributions for any purpose before retirement age often requires having to pay penalties or taxes on those funds.
Unlike traditional retirement accounts, self-directed plans allow many different types of alternative investments, such as real estate, to be held as assets. The assets are acquired using retirement funds and are therefore owned by the retirement plan. In the instance of real estate, property is titled in the name of the self-directed plan; any and all income or expenses flow directly into and out of that plan.
Since retirement plans offer tax-free or tax-deferred income-building potential—the income derived from real estate in an IRA grows in that tax-sheltered plan. “Real estate investors who use self-directed IRAs to acquire assets avoid the tax implications incurred from personally purchasing or selling real estate and preserve more capital within the IRA to reinvest,” says Jack Callahan, managing partner of Advanta IRA Services in Florida and also of Advanta IRA Administration in Georgia.
The retirement plan administrator is offering this complimentary event on June 5 in the Tampa-area location to teach investors how this process works using self-directed IRAs. Individuals interested in real estate investing are invited to attend.
Event: Lunch & Learn – Invest in Real Estate without Paying Taxes
Date: June 5, 2015
Time: 12:00 pm-1:30 pm
Location: Advanta IRA Services: 13191 Starkey Rd., Ste. 9, Largo, FL 33773
Cost: No charge. Lunch is provided.
Registration: Contact Larissa Greene before 5:00 p.m. (EST) on June 4th 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.