The ability of controlling your own investment choices comes with the responsibility to know and understand prohibited transactions that can cause penalties, taxation, and even disqualification of a self-directed IRA.
Atlanta, Georgia (PRWEB) June 25, 2015
A growing number of investors are seeking alternative methods to build wealth towards retirement by using self-directed IRAs. Alternative investments permissible in these plans have the potential to boost retirement earnings, sometimes at a faster pace than the traditional stock, bond or mutual fund. Alternative investments include assets such as real estate, private lending, foreign exchange, futures trading, oil and gas options, and much more.
Alternative investments provide the diversity many financial advisors deem necessary to successful retirement portfolios. “The most attractive aspect of self-directed IRAs is that plan owners are able to invest in what they know, understand, and can control—at a risk level these individuals are comfortable taking,” says Jack Callahan, managing partner of Advanta IRA Administration. “The ability of controlling your own investment choices comes with the responsibility to know and understand prohibited transactions that can cause penalties, taxation, and even disqualification of a self-directed IRA.”
The IRS does place some limitations on the investments made within an IRA. For this webinar, Advanta IRA Administration has invited attorney and CPA Allen Buckley to share his thoughts on prohibited transactions. Examples of prohibited transactions include purchasing collectibles or life insurance and transacting with certain family members. Allen has represented clients in front of the U.S. Bankruptcy Court on prohibited transactions issues and will share his knowledge on this potentially tricky and dangerous area of IRS law. Allen will also answer question from attendees who are asked to submit their questions in advance so the information can be included during the presentation.
Those who want to learn how to control their own retirement funds using self-directed IRAs are urged to attend this. Knowledge is power, and Advanta IRA is committed to educating investors of all levels on the benefits and risks involved in self-direction.
Event: Webinar – Discussing Prohibited Transactions with Allen Buckley
Date: June 30, 2015
Time: 12:00 – 1:00 pm
Cost: No charge
Register: Prior to 5:00pm on June 29, by contacting Larissa Greene by phone at (800) 416-8736 x 1140, or by emailing lgreene(at)advantairagroup(dot)com.
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.