Jul 25

Don’t Neglect Your Roth IRA This Summer

Everyone plans for their annual summer vacation….but are you planning for your retirement?  Even though there are months to invest, why waste time (and money) and miss out on the benefits of your tax-free Roth IRA!

The good people over at Motley Fool show us some good stocks to invest in right now, including Chipotle Mexican Grill and mainstay, Coca Cola, that could bring in thousands of dollars down the line.  Mutual funds are another option they talk about here.

Put down the daiquiri, get off the chaise lounge and head over to the IRA Financial Group now and ask how a Roth IRA can help you relax more after you retire!

Jul 24

Make Your Teenager $1,000,000.00 With a Roth IRA!!

With a little incentive from you and a little hard work from your son or daughter, you can ensure he/she is set for his/her golden years.

Forbes contributor, David John Marotta, says “Contributing $615 each year for seven years and earning 11% will translate to investments worth a million dollars at the end of 56 years. If the process begins at age 14, the value of the Roth IRA will reach a million dollars at age 70”.

In Marotta’s example, if your child contributes $615 of earned income into a Roth IRA and you match that amount for seven years, his/her IRA will be worth $1,00,000.00 in 56 years!

Read the amazing article HERE and contact one of our tax experts at The IRA Financial Group to set your child or grandchild up for success!

Jul 23

What is a Roth IRA anyway?

Simply put, after tax dollars are used to fund a Roth IRA and all distributions from the Roth IRA are tax-free – even the investment returns – as long as the distributions meet certain requirements.  There are two options with a Roth IRA.  One is contributory, used by those who have an earned income.  The other is called a conversionary Roth, whereby retirees can convert from a  traditional IRA or 401(k).  “By doing so, the retiree will pay taxes at their bracket level and then the money will grow tax-free in the account as long as they have it,” explains Jean Dorrell, Certified Estate Planner and founder of Senior Financial Security in Ocala, Fla in an article on foxbusiness.

To learn more and to see if a Roth IRA is right for you, contact one of our tax experts at The IRA Financial Group @ 1.800.IRA.0646.

Jul 18

Self-Directed IRA Investors Now Turning to Master Limited Partnerships

A Self-Directed IRA, also called a Self-Directed IRA LLC with checkbook control, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent.

There are a growing number of clients looking to use their retirement funds to make investments in master limited partnerships (“MLP”).  MLPs are typically limited partnerships that are publicly traded on a U.S. securities exchange.  Since cash-flows are only taxed once at the investor level, MLPs have become popular over the last few years because their yield can be much higher than other investments.

As seen in an article in the Houston Chronicle, IRA Financial Group tax attorney Adam Bergman was quoted saying, “Our clients have been able to use their IRA funds to generate high tax-free returns through MLP investments”.   A number of MLP investors are hoping to make MLP investments with self directed IRA funds in order to take advantage of the strong worldwide energy demand. “A number of MLPs are in the pipeline business, which may protect them somewhat from the energy industry’s volatility,” stated Mr. Bergman.

IRA Financial Group’s Self-Directed IRA involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the IRA custodian) and managed by the IRA holder or any third-party.

For more information about Self Directed IRAs, please contact The IRA Financial Group @ 1.800.472.0646

Jul 11

Use IRA to Buy Real Estate

Using a Self Directed IRA LLC to purchase real estate allows the IRA to earn tax-free income/gains and pay taxes at a future date (in the case of a Roth IRA the income/gains are always tax-free), rather than in the year the investment produces income.

With a self-directed IRA, you can invest tax-free and not have to pay taxes right away – or in the case of a Roth IRA – ever! All the income or gains from your real estate deals flow though to your IRA tax-free!