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.
Tampa, Florida (PRWEB) June 09, 2015
A self-directed IRA gives individuals control over their own investment funds and decisions. These plans also allow owners to choose from a very large pool of alternative investments, such as real estate, to grow wealth for retirement.
Real estate is the most popular alternative investment held in self-directed plans. Advanta IRA Services is presenting this event on June 12, held in the offices of Dennis Realty & Investment Corporation in Lutz, Florida, to teach attendees how holding these assets in a self-directed IRA can build tax-deferred and tax-free income for retirement.
Acquiring real estate as an asset does not mean one has to pull funds from the retirement account to purchase a piece of investment property. Taking distributions before retirement age can cause unnecessary penalties and taxation. Instead, the investment is purchased using funds directly from the self-directed account and is, therefore, owned by that account. Property is titled in the name of the retirement plan. Additionally, any and all income or expenses flow directly into and out of the self-directed IRA.
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.
Individuals interested in using self-directed retirement funds to invest in real estate are invited to attend. Spaces are limited for this popular event and participants must register in advance to receive a complimentary lunch.
Event: Lunch & Learn – Invest in Real Estate Using a Self-Directed
Date: June 12, 2015
Time: 12:00 pm-1:30 pm
Location: Dennis Realty & Investment Corporation, 1022 Land O’Lakes Blvd., Lutz, FL 33549
Cost: No charge. Lunch is provided.
Registration: Contact Larissa Greene before 5:00 p.m. (EST) on June 11 at lgreene(at)advantairagroup(dot)com or by phone at (800) 425-0653 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 across the nation. Advanta IRA Administration offers a second location in Georgia. 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.