Profit from private lending is largely gained through earnings on interest rates and this income flows directly into a self-directed IRA on a tax-free or tax-deferred basis.
Atlanta, Georgia (PRWEB) February 29, 2016
Private lending investments offer diversity that is essential to retirement portfolios. Many individuals understand making these transactions using a self-directed IRA has the potential to build a healthy nest egg for retirement.
A self-directed IRA gives account owners control over their investing funds and decisions—in addition to the ability to acquire a multitude of alternative assets to build retirement wealth. A growing number of individuals use these plans to acquire many different assets such as real estate, precious metals, oil, gas, and timber options, foreign exchange and futures trading, private lending investments, and much more.
The seminar on March 4 will cover private lending transactions using IRAs in great detail. Self-directed plans can perform the same actions a bank or other lending institution does in extending loans for mortgages, trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements.
“In private lending transactions, account owners determine the terms of the loan made by their plans,” says Jack Callahan, managing partner of Advanta IRA Administration in Atlanta, Georgia. The account holder fully vets and chooses the loan recipient, decides the terms, and has the option to provide a secured or unsecured loan. “Profit from private lending is largely gained through earnings on interest rates and this income flows directly into a self-directed IRA on a tax-free or tax-deferred basis,” says Callahan.
Investors of all levels are invited and encouraged to attend this complimentary event.
Topics attendees learn about include:
- Benefits and risks of private lending
- Types of loans Advanta IRA has seen clients invest in
- Disqualified persons and prohibited transactions
- How an IRA can actually be the borrower on a transaction and non-recourse loans
Early registration is encouraged as seating is limited.
Event: Lunch and Learn—Be the Bank!
Date: March 4, 2016
Time: 11:45 am – 1:15 pm EST
Location: Advanta IRA Administration, 3525 Piedmont Rd NE, Bldg. 8, Ste. 101, Atlanta, GA 30305
Cost: None; lunch is provided
Register: Before 5 pm on March 3 by contacting Larissa Greene by phone at (800) 416-8736 ext. 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.