Tuesday, January 8, 2013

Real Estate for Retirement

Has your Stock Broker told you this? On New Year's Day the Senate approved conversion of your 401(k), 403(b) and similar defined contribution plans at any time to a ROTH IRA?

No longer do you have to wait until one of three qualifying events occur to make a conversion to a ROTH IRA: (1) changing jobs, (2) retirement, (3) reaching age 59½.

With a ROTH IRA you can invest in real estate and real estate related products; leases, sandwich leases, fix and flips, REOs, Short sales, water rights, NOTEs, Mortgages etc.

I don't expect your Stock Broker or Financial Planner to be calling you any time soon to tell you this.

If you would like to be updated about the ramifications of the new law and how it can free the funds in your Company 401(k), 457 or 403(b) plans by turning total control over to you via a ROTH IRA, email me.

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