IRAretirement accounts are set up by the Internal Revenue Service for the purpose of growing invested money in a qualified tax plan. Discover the money making power of retirement accounts such as IRAs withtips and advice from an experienced financial adviser in this free video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
IRAretirement accounts require a minimum investment to begin the account. Understand the requirements for contributing to an IRAretirement account withtips and advice from an experienced financial adviser in this free video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Here is a decent explanation, by the Nabers Group, of a type of self directed 401(k) offered in the market, which is very similar to the self directed 401(k) product offered by Newman Asset Management. This is a retirement account that is legally able to invest in gold, real estate, private companies, mortgages, llcs, and virtually anything else. This part explains investment options for the Self Directed IRA & Self Directed Solo 401k. For more details, click here to contact us.
I’m trying to get started in investing in tax-lien certificates using money in my self-directed IRA. I’d like to try participating in online auctions for county tax sales, but many of them require you to deposit some sort of “down payment” as good faith money. Does anyone know if/how I can get the money from my IRA for my deposit, so that my IRA completely holds the entire interest in these assets? Thanks in advance for your help.
IRAman: This can be done with a self directed IRA held at a custodian or an IRA-LLC. What I have seen work best is (1) using an IRA-LLC and (2) working with a professional in IRA use and (3) working with someone familiar with tax liens and auctions. This is not an area for beginners as you can make mistakes on the IRA side as well as the auction side that could cause you a great deal of headaches.
