USE YOUR IRA MONIES TO PURCHASE A SECOND HOME "OUTSIDE" OF YOUR IRA
ENJOY THE GOOD LIFE NOW!!
Here is a new sound program that will allow you to use your IRA monies to purchase real estate, either personally or by sharing ownership with others to enjoy, sell, rent or occupy. This approach takes a design (blueprint) that can save you thousands upon thousands of dollars in taxes and/or depreciation and other write-offs throughout your lifetime.
Many people do not know how to use their IRA monies to purchase real estate. The real estate purchase can be done in two very different ways. The real estate can be owned within an IRA plan, but there can be drawbacks here due to investment restrictions, custodial fees, and ultimately income and estate taxes. All proceeds must go back into the IRA. You cannot use IRA money to buy your own residence, or any property in which you live. In addition, if the real estate is rental property the investor can be required to appoint a property manager. Also, an IRA is controlled by the government's retirement plan regulations, such as; minimum and mandatory distributions, penalty taxes, transferability, just to name a few. Many people are not aware, when distributions are taken from an IRA, the distributions may be taxed in the owner's highest marginal income tax rate.
The second way is to own real estate OUTSIDE of an IRA. This is a more efficient method of ownership for many reasons. The owner can now take advantage of a full range of real estate tax savingand cost recovery strategies. Capital gains, income tax treatment, depreciation, more write offs, income tax basis and charitable planned giving opportunities are a few of the many advantages that are available. In addition, the government's retirement plan law does not apply since the real estate is owned outside the IRA.
An IRA can completely or partially fund a real estate purchase. You can own the property outright or share ownership with other IRA owners. You can buy a commercial building, land, second home, condominium, office, rental property, a farm etc. You can enjoy, sell, rent, or occupy the real estate of your choice. If you were leasing a building and sending your lease payments to someone else, you could purchase the building and recover your lease payments.
This approach is new and different, many people have not heard or been informed that it is possible or that it even exists! There is more information available on how an IRA owner can use their IRA's to purchase real estate.
The Link List
Links
- Sum Total Financial Investment
- Own the real estate you want today, OUTSIDE of your IRA plan.
- Art Sparbanie
- We are affiliated with Art Sparbanie at GMAC Mortgage on our IRA mortgage program.
- Sum Total Financial Real Estate Blog
- Check here for some of the latest information about using IRA or 401k roll over monies to purchase real estate. I will disseminate the truth from the myths.
- Wealth & Wisdom "Eliminating Losing Financial Strategies"
- Wealth and Wisdom is a great resource. Check it out!
- The Real Estate Group
- More valuable real estate information can be found here. Check out this group of lenses!
Press Coverage
Check us out in the news.
- New Program to Use IRA/401k Monies to Purchase Real Estate for Empty Nesters
- With the new crop of empty nesters emerging this fall, second home purchases are on the rise. Sum Total Financial Management has developed an offering for this growing group of investors. It is possible to use the money already accumulated in an IRA account to finance a second home for immediate enjoyment.
- Second Home Buyers Who are Looking to Auctions for Good Deals on Luxury Homes are in Need of Pre-planned Financing
- The housing market is changing and those who are looking for a good deal on a second home are giving auctions a try. Sum Total Financial Management can help by using IRA or 401K funds to provide additional resources to help in funding the financing. This program can be set up prior to finding the perfect home. When the dream home is on the auction block, and there is a frenzy around the sale, action by the investor can be taken immediately knowing they have personally arranged for the financing and that IRA or 401-k funds may be accessed to help pay for them.
- Sweat Equity in IRA Real Estate can be a no-no
- Investing in real estate inside an IRA can transform the retirement account into a Molotov cocktail.
- Retirement Plans Need Exit Strategy
- Press Release - IRA exit strategies are being forgotten about until it is too late. When retirement accounts are distributed, the tax ramifications and government plan regulations are costing investors significant amounts of money. The time to act is now, before retirement.
- Article in InvestmentNews on line magazine.
- There are times when it makes sense to use retirement savings to pay down mortgage debt, said Terry Treudt, chief executive of Sum Total Financial Management Inc., an Aurora, Ill., firm that specializes in advising clients on using retirement funds to invest in real estate. Homeowners who have adjustable-rate mortgages especially are feeling the pain of rising rates, he said.
- Timberland Investments Net High Returns
- There are not many investments that have the high, long term growth that can compare to the purchase of timberland. Not only will the value of the land increase overtime, there are many opportunities to let the timberland earn money while the trees are growing both in value and size. Investor's portfolios should be diversified and not completely held with in an IRA. Planning for retirement by investing monies outside of an IRA has immediate benefits that can lead to greater wealth to be enjoyed now.
Enjoy the Good Life Now!
sitting on the dock
evening
beach walking
pool
thinking chair
costal_mountains
See What Others are Saying
- Vacation Home Insider
- April 1, 2005- For years, advisers have encouraged clients to accumulate retirement assets, in part by maximizing contributions to qualified retirement accounts. As retirement nears, these same clients will need help developing distribution strategies for those plan assets, and it's likely that employer stock will be a component of those assets. According to a 2004 survey of major employers by Hewitt Associates, 75% offer company stock as an option in 401(k) plans, and 65% of employees in those companies choose to own company stock, which accounts for 41% of the account balances of these employees.
- RealEstateJournal | Using Retirement Money Now On a Vacation Home Can Pay Off
- Here is a great article that shows one great example as to why it is smart to use your 401k roll over or IRA monies to buy a second home now, before you retire.
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ank
Hi TTreudt , Great lens. I also created my lens on how to do tax free business. To View the lens click here recently. 5 stars to yours. Posted May 26, 2007 |
people who would benefit from our program.....
- Article - Money - IRA investments in property can be valuable
- Article - IRA investments in property can be valuable....
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- Article in InvestmentNews on line magazine.
- There are times when it makes sense to use retirement savings to pay down mortgage debt, said Terry Treudt, chief executive of Sum Total Financial Management Inc., an Aurora, Ill., firm that specializes in advising clients on using retirement funds to invest in real estate. Homeowners who have adjustable-rate mortgages especially are feeling the pain of rising rates, he said.
