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 retirement plan to reinvest.
Tampa, FL (PRWEB) March 17, 2016
Advanta IRA is a self-directed retirement plan administrator with locations in Florida and Georgia that serve clients across the nation. Self-directed IRAs allow plan owners total control over their retirement funds and investing decisions—and open the door to a large pool of alternative investing possibilities. Rental property is one example of real estate-related assets that are permissible in these plans.
Investors who choose to lease property do so to gain consistent income on monthly rent payments. In regards to retirement accounts, a general misconception is that one must first take funds out of that account to invest. Doing so would mean taking a distribution, and perhaps even having to pay a penalty and taxes for the withdrawal. However, funds do not have to be removed from the account—instead the IRA itself can purchase and own the asset using funds available in the account. When an IRA is used to invest in these assets, all income is deposited into that account on a tax-sheltered basis, which, in successful ventures can significantly boost retirement earning potential.
“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 retirement plan to reinvest,” says Jack Callahan, managing partner of Advanta IRA. “Our webinar will explain in detail how this process works.”
This webinar is open to all individuals who wish to learn how rental property investments work in self-directed retirement plans. Topics covered include:
- How investing works using self-directed IRAs
- The benefits and risks involved
- What steps to take when acquiring these assets
- Other investments permissible in these plans
Webinar: How to Hold Rental Property in an IRA
Date: March 24, 2016
Time: 12:00 – 1:00pm EST
Register before 5:00 pm (EST) on March 23 to receive logon instructions by following this link. Registration is also available by contacting Larissa Greene 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 10 years, providing administrative service to owners of self-directed IRAs across the nation. Advanta IRA Administration offers a second location in Atlanta, 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.