Real estate investors who use self-directed IRAs to acquire assets avoid the tax implications incurred from personally purchasing or selling property and preserve more capital within the plan to reinvest.
Atlanta, Georgia (PRWEB) February 02, 2016
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. Rental property investments are one example of real estate assets that are permissible in these plans.
Investing in any type of real estate using retirement funds does not require one to pull cash from the account to acquire a piece of investment property. Doing so would be considered a distribution and taking distributions for any purpose before retirement age often incurs heavy penalties or taxation on the withdrawn funds. Instead, payment for investment property is made directly from the plan, and the assets are titled in the name of the retirement plan.
Retirement accounts offer tax-free or tax-deferred income-building potential—the income derived from assets purchased by the plan grows in that tax-sheltered account. “Real estate investors who use self-directed IRAs to acquire assets avoid the tax implications incurred from personally purchasing or selling property and preserve more capital within the plan to reinvest,” says Jack Callahan, managing partner of Advanta IRA.
This webinar is open to all individuals who wish to learn how rental property investments work in self-directed retirement plans.
To register for either event, contact Larissa Greene before 5:00 p.m. (EST) on February 11 at lgreene(at)advantairagroup(dot)com or by phone at (800) 425-0653 ext. 1140.
Webinar: How to Hold Rental Property in an IRA
Date: February 12, 2016
Time: 11:45 am-1:15 pm
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.