Edvard Munch Madonna paintingAlbert Moore silver paintingRene Magritte The Blank Check painting
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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