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Did you know that you can invest in real estate through your IRA?
You can structure your IRA to buy and sell real eastate. By deferring taxes on capital gains and rental income or, in the case of a Roth IRA, it is possible to a home in a tax free scenario.
The first step in using an IRA for tax-free or tax-deferred real estate investments is to set your IRA up to be self-directed, which simply allows to investor greater control over how the funds are invested. A growing number of companies today offer self-directed IRA administration services. Likewise, many independent financial advisors are starting to offer this service as well.
Clients should be fully aware of the purchase power of IRA’s and have provided this information so Buyers and Sellers can make the right choice for them.
On average, any traditional IRA, Simple or Keough type retirement account can be converted in to a self-directed IRA. Some employer-sponsored accounts can be converted as well. Ask your IRA administrator if this is possible.
After customizing the article
Did you know that you can invest in real estate through your IRA?
Jenny and Edward Martin believe the possibility of structuring your IRA to buy and sell real estate is an exciting opportunity for the Palm Beach Real Estate Market. By deferring taxes on capital gains and rental income or, in the case of a Roth IRA, it is possible to purchase Palm Beach, Florida Real Estate in a tax free scenario.
The first step in using an IRA for tax-free or tax-deferred real estate investments is to set your IRA up to be self-directed, which simply allows to investor greater control over how the funds are invested. A growing number of companies today offer self-directed IRA administration services. Likewise, many independent financial advisors are starting to offer this service as well.
Jenny and Edward Martin can provide referrals for companies that offer this service. Their partnership, also known as Martin and Associates, has a proven, long-term track record of successful real estate sales in the Palm Beach, Florida Real Estate Market. Jenny and Edward Martin believe Clients should be fully aware of the purchase power of IRA’s and have provided this information so Buyers and Sellers can make the right choice for them.
On average, any traditional IRA, Simple or Keough type retirement account can be converted in to a self-directed IRA. Some employer-sponsored accounts can be converted as well. Ask your IRA administrator if this is possible.
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