Real Estate Investors, Reduce Your Taxes While Contributing More Than $2,000 Annually to an IRA!
- Topics:
- Tax Incentives
- Tags:
- Business Operations,
- Investor,
- Real Estate,
- Tax
- Source:
- realestatelink.net
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Overview: The article is about real estate investors. One of the most frequently occurred question by investor is “Is there any way that can one contribute more than $2,000 to into a truly self directed IRA?." The first response to them is: "How much would they like to put into an IRA this year $5,000, $10,000, 20,000?" These are all possible options. At this point, they usually perk up and ask, "How is that possible? Never heard of that before". This response is not unusual since most IRA Custodians don’t bother spending the time to explain the merits of both the SIMPLE and the SEP IRA. If real estate investors walk away from this article with nothing else, they should realize that they are eligible to take full advantage of small business retirement plans created by the government. These plans are as easy to create as Traditional or Roth IRAs. No matter what hat you wear, be it a sole proprietor, partner, owner of an incorporated or unincorporated business, consultant or independent contractor you are eligible for either a SIMPLE or an SEP IRA. The only question is, which plan is right for you?
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Format: HTML | Date: Jan 2003 | Pages: 1
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