Now You Can Have Your Cake and Eat it Too-Personal Finance

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Now You Can Have Your Cake and Eat it Too

【查看数：】【解疑答惑】【字体：小大】

Now is the time to begin growing TAX FREE forever money from your real estate investments! You may not be aware of this but no 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

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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. In addition;

    * 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!

David Cole is President of Financial Design Group, LLC and for the last fifteen years has advised tax professionals, Realtors and investors on the pros and cons of using retirement monies to invest into real estate.

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