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Posts for March 2015

Americans Turn To Self-Directed IRAs For Smart Real Estate Investments

Self-Directed IRA Savings PlanHave you turned to a self-directed IRA for a smart real estate investment? Nearly all Americans have heard about the looming retirement crisis. Figures such as "53% of the civilian workforce participates in or contributes to a retirement plan," according to U.S. News and only 48% contribute to retirement accounts in the private sector, are sobering. When it comes down to it, the biggest problem may not be Americans' inability or unwillingness to contribute to retirement funds and options; the real problem is the lack of knowledge about the topic. The vast majority of Americans do not know about valuable alternatives to 401K and traditional IRA plans. Very few know about self-directed IRA plans, non-recourse lenders, and IRA loans, for example.

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How a Pianist Bought a Building With Her Inherited IRA

self directed ira lendingA few years ago, a famous violinist died and left his daughter a total of five million dollars in assets. According to Forbes, part what was left to pianist Laura Harth Rodriguez by her deceased father was two million dollars in retirement accounts. What Rodriquez wanted to do was purchase a three-story-building in an up-and-coming neighborhood in Pittsburgh. The caveat with doing that is that she would have to take the money out of an IRA, which she would have to pay all of the taxes on at the time of withdrawal. Right?

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