New Program Announced that Helps People Finance Real Estate Using Their IRA or 401k
(ContentDesk) July 28, 2006 -- Sum Total Financial Management has launched a new program that allows people to leverage their IRA or 401k to buy a home, property, vacation home, or any other real estate investment. The new program gets you cash flow that you need to ease the pain of making mortgage payments. Why be in a cash crunch or borrow money from the bank when you already have money in your 401k or IRA? Call Terry Treudt at 866-654-7200 or visit http://usirarealestate.com today to find out how you can be living worry free in your new home..
IRA Services Announces Major Year-End Fee Discount
Investors are increasingly seeking these specialty assets for their higher returns over the traditional bank and brokerage assets.
IRA Services retirement accounts allow investors to invest in a wide variety of assets including the growing number of these direct investment and specialty assets. Many traditional retirement account providers do not permit these types of assets or if they allow them it is with much higher fees.
IRA Services has been handling accounts with these direct purchase and alternative assets for many years and has developed systems and personal that have been able to keep the costs low and pass that advantage on to the investor.Since fees can have a significant impact on an asset's return, the lower the fees, the better the return for the investor.
Many providers charge fees based on the account value, while fees in an IRA Services account are based on assets held, which is a major savings over those accounts which base fees on value....
Ira > IRA Services Announces Major Year-End Fee Discount
Your Questions Answered - Can You Stretch a 401(k)?
A reader recently asked if his 401(k) could be rolled over, by his beneficiary, to a 'stretch' IRA after his death.
Read on to discover an answer that will protect your beneficiaries from tens of thousands of dollars in unnecessary taxes and keep your gift to them alive for generations to come. Whether or not your beneficiary can rollover your 401(k) at your death (and subsequently stretch it) depends on who your beneficiary is and the terms associated with your company plan. Basically, you usually can't stretch a 401(k) account directly, but if that money is rolled into an IRA, you can. This is a situation where the details matter.Let's assume for the sake of illustration that you have a wife and 3 children.
If your spouse is the beneficiary, she can roll the money from your 401(k) to her own IRA. Assuming that she has named the 3 children as beneficiaries of her IRA, they would have the ability to stretch it at her death. (?Stretching' an IRA refers to the ability for...
Your Questions Answered - Can You Stretch a 401(k)?
Ira > Your Questions Answered - Can You Stretch a 401(k)?
Which IRA Is Best For You?
An Ira is one of the greatest ways to save on taxes currently and accumulate money for the future.For individuals three types of IRA's will normally come under consideration.The Traditional or Regular IRAThe Education IRAThe Roth IRAEducation IRA is now called the Coverdell Education Savings Account (ESA).Education IRAs allow you to save for qualified higher educational expenses for a beneficiary. Parents and guardians are allowed to make nondeductible contributions to an education IRA for a child under the age of 18.Contributions are allowed prior to the beneficiary turning 18, and contributions may not exceed $2,000 per beneficiary per year.Contributions are made with after-tax dollars. There is NO deduction for the contribution. Withdrawals, however, are tax- and penalty-free when adhering to certain rules.The traditional IRA allows you to contribute an amount and take a current deduction for the contribution. Withdrawal minimums must begin at a certain age and all withdrawals are...
Which IRA Is Best For You?
Ira > Which IRA Is Best For You?
IRA Services Announces Major Year-End Fee Discount
Investors are increasingly seeking these specialty assets for their higher returns over the traditional bank and brokerage assets.
IRA Services retirement accounts allow investors to invest in a wide variety of assets including the growing number of these direct investment and specialty assets. Many traditional retirement account providers do not permit these types of assets or if they allow them it is with much higher fees.
IRA Services has been handling accounts with these direct purchase and alternative assets for many years and has developed systems and personal that have been able to keep the costs low and pass that advantage on to the investor.Since fees can have a significant impact on an asset's return, the lower the fees, the better the return for the investor.
Many providers charge fees based on the account value, while fees in an IRA Services account are based on assets held, which is a major savings over those accounts which base fees on value....
Ira > IRA Services Announces Major Year-End Fee Discount
WHAT IS A TRADITIONAL IRA?
With a traditional Investment Retirement Account (IRA) you pay taxes when you take the money out at retirement in the future. Make sure that this account is really worth opening in your situation because what you put in the account today may be fully deductible, partially deductible or non deductible, depending upon your income and other retirement coverage. If you contributions are not fully deductible then this account is probably not for you. The traditional (and Roth IRAs) allow you to save $3,000.00 in 2004 and $4,000.00 in 2005. If you are over 50 years old you can save an additional $500.00 as catch-up.
You put the maximum amount in if you (or your spouse) are not covered at any time during the tax year by a retirement plan, including a 401(k) account, at work. If you can't afford to save the maximum then just do the best that you can.If you are single or a head-of-household taxpayer with annual adjusted gross income (AGI) between $40,000 and $50,000 and are eligible for...
WHAT IS A TRADITIONAL IRA?
Ira > WHAT IS A TRADITIONAL IRA?