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: Traditional IRA
Non-Recourse Loans for the Self-Directed IRA
Recent increases in investor acquisition of real estate have prompted calls from clients that have cash in their self-directed retirement accounts but don’t have enough to buy a property outright. In other words, their IRAs need loans. There are lenders that will make loans on income producing properties to self-directed IRAs on a non-recourse basis….
Approaching Retirement and Your Self-Directed IRA.
We recently received an email from a client asking about Required Minimum Distributions. This client is approaching the magic number of 70. She read that at age 70 ½, she is required to starting taking distributions out of her Traditional IRA. She asked if there was a way around this, as she doesn’t need 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…