Real Estate IRA Seminar

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Are You Engaging In Prohibited Transaction?
2007-11-30 13:37:00
Most investors have heard of prohibited transactions, but many are not sure what they are and what the consequences are of conducting them. I will cover some aspects of the prohibition. This will help you in planning your retirement.The Prohibited Tran sactions - A prohibited transaction is a transaction between your IRA and a disqualified person who is prohibited by law, such as your IRA cannot have any business with or make an investment involving the disqualified persons or you may not provide benefits to any disqualified person. To be more specific, prohibited transactions generally include the following transactions: - If there is transfer of the plan income or assets to a disqualified person. - If the plan income or assets are used by or for the benefit of, a disqualified person. - If a fiduciary uses the plan income or assets for his or her own interest. - If a fiduciary receives any consideration for his or her own account from any party dealing with the plan in a t...
More About: Bite , Ansa

Do You Want Your Kids to Retire Wealthy
2007-11-26 06:46:00
If you have advised your children to invest in a Roth IRA as early as they have started earning money, you have given them one of the best pieces of advice that they will ever receive. With this you have started them early in their lives to begin their retirement planning.In fact it is one of the smartest money moves a young person can make. With Roth IRA money grows absolutely tax free, and you won’t owe Uncle Sam a dime when you cash it out on retirement if you follow the rules.Moreover, the Roth IRA accumulation can be parked as investment in almost whatever you want, from stocks and mutual funds to bonds and real estate as compared to 401(k) and other retirement plans.Advantages• An investor can withdraw up to the total of his or her contributions without tax or penalty at any time from his/her Roth IRA account.• If Traditional IRA has been converted into a Roth IRA then after “seasoning” period, currently five years, a Roth IRA owner may withdraw up to the total of th...
More About: Kids , Wealthy , Retire , Tire

Pension Laws Have Changed…Be Cognizant
2007-11-23 13:27:00
Pension Protection Act of 2006 has been hailed as one of the most important pieces of retirement planning legislation in the past 30 years. The need for this kind of law was felt to address the ongoing funding issues facing many traditional defined benefit pension plans. This law covers a broad range of rules affecting retirement planning and covers employers sponsoring those plans, and plan participants.Some features are: * The contribution limits have been made permanent, this would make the next year’s increase to $5,000 for individuals under 50 and $6,000 for those over 50 secure. * After 2008 the contribution limits will continue to adjust with inflation. * Conversions to Roth accounts from pension plans, like 401k accounts, may now be made via a direct transfer to a Roth IRA, rather than having to go through a Traditional IRA. * You can have your tax refund sent directly to your IRA. * For 2007 you will be allowed to make a direct tax-free charitable donation ...
More About: Laws , Pension , Cognizant

Real Estate IRA Seminar (South San Francisco)
2007-11-19 10:05:00
There is a great website called WealthyIRA.com that covers IRA investment in real estate and they’re having a live seminar at the South San Francisco Conference on Dec 3rd. Renowned realtors are coming to the seminar. Speakers include: • Michael McNair of IRA Services• Matt Allen of North American Savings Bank• Terry Enfield, CPA• Curtis Berner, Esq., California "Super Lawyer"• Leonard Spoto of Asset Exchange Company• Scott Bachman of Ace Capital Group More info can be found at: http://www.wealthyira.com/seminar.php
More About: Estate , Real Estate , Seminar

Land Banking - An Alternative Gateway to Wealth
2007-11-16 10:29:00
When it comes to investing in real estate most people think in terms of either residential properties or commercial properties, whether it be condos, single-family homes, apartments, shopping malls, or office buildings. Few real estate investors, however, ever think about raw land. Most are deterred because they think its too speculative or not a good investment because in most cases there is little or no monthly cash flow. Land bought right, however, has more upside potential than most income producing properties period. Rich Dad, Poor Dad, Rich Uncle, and Mega-Rich Uncle Investment Guru, Robert Kiyosaki touts how he learned about investing from his Rich Dad (a friend’s father) and his Poor Dad (his real father); I learned about real estate investing from my rich uncles, and my mega-rich uncle. My uncles did well for themselves growing the family supermarket business that my grand parents started decades ago. The flourishing business expanded and provided them with capital for ...
More About: Wealth , Alternative , Banking , Gateway