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Recent stock market volatility has created a boom for investors seeking alternative opportunities for retirement funds. In fact, many investors have been able to tap 401(k) and IRA money without receiving penalties by setting up self-directed IRA and 401(k) accounts to invest in real estate and other alternative assets.
Seattle, WA (PRWEB) January 03, 2013
Volatility in stocks and bonds combined with recent downturns in many real estate markets are prompting many investors to shift back to the real estate as a way to shelter retirement funds. Real estate is currently trending in a positive way for many investors, especially given historically low interest rates, combined with countless distressed property opportunities. Current numbers also indicate that the vast majority of the $4 trillion in retirement account wealth in the United States in locked in stocks and bonds. Investors seeking a way to further diversify and gain more control over retirement funds without being penalized by the tax code are working with Silverstone to set up self-directed retirement accounts.
Retirement account holders and investors can now tap the money in their IRA and 401(k) for investing in alternative assets such as commercial and residential real estate without a penalty by setting up a real estate IRA. Real estate retirement accounts allow investors to gain checkbook access to retirement funds so as to take advantage of rare investment opportunities as they arise.
“Foreclosures, short sales and other distressed real estate opportunities become fodder for IRA investing with a self-directed account,” says Troy Jenkins, Marketing Manager for Silverstone.net. “Investors can avoid early withdrawal tax penalties by simply rolling over current 401(k) and IRA money into a self-directed account.”
In addition, real estate IRA investors gain greater control over both the money in the IRA and the management of IRA assets themselves. For instance, a real estate IRA owner can now have greater control over management of the assets within his or her portfolio than ever before. “Locally-owned real estate within an IRA portfolio can actually be a great part-time activity for the retired and semi-retired who may not yet be ready to take taxable withdrawals from a 401(k) account,” says Jenkins. “The IRA holder becomes the fund manager and can invest in property by simply writing checks from the IRA LLC and investing the money into tangible real estate assets. The management and control of the investment itself falls squarely into the hands of the individual.”
Increased flexibility and control over retirement funds, combined with low interest rate incentives makes having single, multi-family and commercial real estate in one’s retirement investment portfolio a very enticing option.
“We also want to remind current and future clients that they have until April 15th to contribute up to $5,000 per individual to their IRA for 2012 and for those who would like to get a head start on 2013, another $5,000 can be contributed simultaneously,” says Jenkins. “We want to make to make sure our clients take full advantage of tax-sheltered savings with their uniquely-crafted retirement vehicles.”
Silverstone.net is a retirement advisory firm based on Seattle, WA. The Silverstone principals have been working directly with retirement account beneficiaries for over two decades, helping them rollover, convert and tap the money within IRA accounts. In particular, Silverstone specializes in self-directed IRA and 401(k) accounts, including checkbook and real estate IRAs for investing directly in hard assets. For more information, please visit http://www.silverstone.net/
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