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You Can Have Your Cake And Eat It
Too
By David Cole
The author has permitted the reprinting and redistribution of this
article.
Now is the time to begin growing TAX FREE forever money from your real
estate investing!
You may not be aware of this but it does not matter how much money you
make, you can qualify to sock away up to $20,500 per year for both you
and your spouse.
You can then invest that $41,000 into real estate and ALL of the
profits you make are TAX FREE forever!
How is this possible
By implementing a self administrated 401k that includes the ROTH
contribution option.
You are no doubt familiar with the Roth IRA which accepts after tax
contributions resulting in ALL of the gains being TAX FREE forever.
The 401k Roth is the same concept...the contributions will NOT reduce
your taxable income but ALL of the growth will be also be TAX FREE
forever.
The old Roth IRA downsides have been eliminated. There is no imposed
income cap, you can make millions per year and still qualify to make
the maximum contribution
Also, the old Roth IRA limited a person to a maximum contribution of
$5,000 - $6,000 per year.
The 401k ROTH allows you to contribute based upon your age from
$15,500(under 50) $20,500(age 50+) each year.
Now were talking some fire power when it comes to investing in real
estate.
The other secret to supercharging your TAX FREE retirement is being in
100% total control of your plan.
A self administrated 401k does not require a custodian.
Both yourself and your spouse are able to participate (pool your funds)
in the same plan.
You control the 401k funds in via a checking account at your local bank.
Wondering why you haven't heard about this real estate friendly 401k
plan
Congress approved these changes in January 2006 and most tax
professionals have not caught up just yet...
Oh and one more thing, not only can you fund your TAX FREE account you
can also contribute tax deferred contributions which will reduce your
current taxable income.
Now you can have you cake and eat it too!
If you are sick and tired of being told NO you can't do that with your
IRA, then it's time to discover a wonderful gift from Congress. Serious
real estate investors realize the importance of having 100% total
control of their retirement monies! For an eye opening report please
visit my website at httpwww.RE401kplan.com
If
you would like to take advantage of the market and learn how to invest
in real estate and you are local to the Dallas Fort Worth area, I know
a really great teacher and mentor here in Arlington Texas. Please take
a look at his web site: DennisJHenson.com,
Dennis has a great Mentoring and training program, I know because I am
one of his former students. I learned a lot from his one on one
teaching technique. - Michael Harman 817-457-7572
mchfun.business@gmail.com
http://www.biggerpockets.com/articles/
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