Advanta IRA Holds National Webinar: The Benefits of Converting to a Roth IRA

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Roth IRAs are popular retirement arrangements that allow earnings to go grow tax-free, as all contributions are made after tax. Advanta IRA is holding a webinar on September 29 that explains why investors may want to consider converting their funds from other accounts into a Roth plan and how to do so to gain the benefits these plans offer.

Roth IRA, self-directed IRA, Advanta IRA
Advanta IRA is holding this webinar to discuss Roth IRAs and the fact that these accounts can be self-directed—allowing owners greater control over their investment funds and decisions.

Self-directed retirement plans are popular tools investors use that enable them to choose their own assets—from a very large pool of alternative investments outside the Wall Street norm. Common assets permissible within these accounts include real estate, private notes and mortgages, precious metals, stocks, bonds, foreign exchange trading, oil and gas options, and much more. When thinking of the added benefit of tax-free growth, one can easily see why a self-directed Roth IRA is very attractive to savvy investors.

There are eligibility requirements and even though tax-free growth is a great benefit, these accounts may not be for everyone. “Advanta IRA is holding this webinar to discuss Roth IRAs and the fact that these accounts can be self-directed—allowing owners greater control over their investment funds and decisions,” says Jack Callahan, managing partner of Advanta IRA Services in Florida and Advanta IRA Administration in Georgia.

Investors with funds in a traditional IRA or similar account such as a SIMPLE, SEP, or 401(k) can move funds in those accounts to a Roth through a conversion. A conversion is a taxable event, which generates a 1099R form that is sent to the IRS the year the conversion is made. It is important to note that the taxes cannot be paid by the retirement account. A conversion is taxed to the account owner personally as ordinary income in the year the conversion is made. However, moving forward, the account grows tax-free.

Webinar topics include:

  •     Eligibility for qualification of owning a Roth IRA
  •     Contributions and distributions
  •     Why someone would convert to this plan type
  •     The process and rules involved for conversions
  •     When the conversion should occur

“Most individuals visit their tax preparer in January and February and miss the opportunity to convert funds into these plans,” says Callahan. Converting assets in a self-directed IRA (like real estate and mortgage notes) can be a little tricky and this webinar will also address what documentation is required to convert these types of assets.

Investors of all levels are encouraged by Advanta IRA to attend this complimentary webinar.

Event: Webinar – Tax-Deferred to Tax-Free: Why and When to Convert to A Roth IRA
Date: September 29, 2015
Time: 12:00 – 1:00 pm EST
Location: Online
Cost: No charge
Register: No later than 5:00 pm EST on September 28 by contacting Larissa Greene by phone at (800) 425-0653 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 across the nation. Advanta IRA Administration offers a second location in the Atlanta, Georgia area. 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.

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