One of the most common questions I get when I speak is, “How can I buy real estate or any expensive asset in my IRA when I am only allowed to contribute $5,500 each year?” There are several different types of IRA accounts that can be established to purchase real estate or any other investment…
Tag: Roth IRA
Boost Your Self- Directed IRA: Understanding the ROTH IRA Conversion
I recently had some clients ask about a ROTH IRA. They are a married couple earning $300,000 a year and want to invest in real estate with their IRA. Their goal is to have income, cash flow and the potential for appreciation should the IRA opt to sell later. The question was how to do…
Can Your Child Have a Self-Directed IRA?
Many of our clients use strategies to help their families grow wealth by having them open their own self-directed IRAs. If, for example, your child or grandchild has a job this summer, consider contributing to a ROTH IRA for him or her this year. You can put up to $5,500 in the IRA, but not…
Is A ROTH IRA Really A No Brainer?
April 15th is right around the corner. In light of tax deadlines, I thought I would share my two cents on the subject of ROTH IRAs. Of course, everyone should have an IRA. It is one of the last tax enhancements left and a great savings plan for your retirement. Around this time of the…
Will Your IRA Avert the Fiscal Cliff?
I watched with interest as the people we elected to represent us in Congress walked out of Washington last week with no answers as to how we as a country can avoid going over the Fiscal Cliff. Nearly all taxpayers will be affected by the decisions made on government spending in some way. As an…