5 REASONS TO RECONSIDER YOUR SDIRA IN 2014

Transcription

1

2 5 REASONS TO RECONSIDER YOUR SDIRA IN 2014 BY, CLINT COONS, ESQ Self Directed IRA

3 Soo Easy Fund your account Find the investment Request funds to purchase We do the rest You manage the investment

4 SDIRA 1. Find House 2. Send Instructions 4. House Deeded to IRA IRA Custodian 3. Money Sent to Seller Seller

5 1. Find House IRA 3. Send Instructions 2. Ask seller to kindly hold house until Monday or later so you can contact your IRA custodian Seller Custodian Seller sold house to another investor!

6 WHAT ARE THEY HIDING Can Not Sign Contracts Can Not Buy at Auction Purchase Agreements Can Take 14 Days to Complete Distributions are Not Protected From Creditors Each Spouse Needs Their Own IRA Limited Annual Contributions

7 1. Create a LLC owned by Your IRA 2. Move IRA $$$ into LLC 3. You Control the LLC 4. You Make Investments LLC SDIRA

8 WHAT ARE THEY HIDING Can not Work for Your LLC Performing accounting services Dealing with tenants Managing the property Collecting rents Can not Borrow from IRA Use of Debt is Taxable to IRA Can t receive 1099s

9 IRS ISSUES IRS is looking at IRAs Beginning in 2014 New reporting requirements for IRA custodians Focus is on real estate or LLCs held in an IRA Audits of prohibited transactions are on the rise

10

11

12 CREATE A QUALIFIED PLAN A qualified plan is governed under ERISA (Employee Retirement Security Act) Profit Sharing Plan, 401k, 457, SOLO 401k or Defined Benefit Plans Plan is connected to a business entity i.e., LLC or Corporation that YOU OWN AND CONTROL You are the Plan Trustee i.e., you CONTROL THE INVESTMENTS

13 QUALIFIED PLANS As Trustee you Have Flexibility to: Sign contracts Make payments Manage the investments Handle the accounting Deal with tenants Loan money MAKE ANY PERMISSIBLE INVESTMENT

14 TRUE CHECKBOOK CONTROL Solo 401k You Can 1. Negotiate 2. Sign all agreements 3. Cut the checks You Seller

15 QUALIFIED PLANS You Can Borrow From Your Plan

16 LOAN YOURSELF MONEY SOLO 401k Borrow up to 50k from your plan You have 5 years to repay the money You become your own bank You

17 QUALIFIED PLANS You Can Borrow From Your Plan You Can Pool Accounts

18 Real Estate LLC Solo 401k You are the manager of the LLC You are the trustee of your Solo 401k Fund with IRA rollovers You Spouse

19 QUALIFIED PLANS You Can Borrow From Your Plan You Can Pool Accounts Make Annual Contributions up to 52k

20 Your Business Fund with company contributions You can not do this with a Self Your company can contribute up to 52k each year You can deduct up to $17,500 if you make a 401k contribution You can make in-plan rollovers Directed IRA Solo 401k

21 QUALIFIED PLANS You Can Borrow From Your Plan You Can Pool Accounts Make Annual Contributions up to 52k Move Assets within the Plan

22 MOVE ASSETS Profit Sharing Solo 401k 401k Roth Trustee in Control

23 QUALIFIED PLANS You Can Borrow From Your Plan You Can Pool Accounts Make Annual Contributions up to 52k Distributions can be Protected From Creditors Debt is not Taxable to Plan You can buy real estate with non recourse loans!!

24 BORROW MONEY SOLO 401k Loan is nonrecourse Lender

25 QUALIFIED PLANS You Can Borrow From Your Plan You Can Pool Accounts Make Annual Contributions up to 52k Distributions can be Protected From Creditors Debt is not Taxable to Plan You can buy real estate with non recourse loans!! You can Partner with Your Plan

26 PARTNER WITH YOURSELF LLC (Owned by Pension and you) Use Funds to Buy Real Estate SOLO 401k (Becomes a partner in the LLC)

27 Pension IRA Take personal loans from plan YES NO Partner with plan YES YES Provide services to plan YES NO Receive 1099s YES NO Sign on deals (Control) YES NO Pool Accounts YES NO Use debt without tax YES NO Asset protection (ERISA) YES NO Ability to move assets between accounts YES NO Multiple funding options YES NO Under IRS scrutiny NO YES

28 I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs I will avoid Self Directed IRAs

29 3 EASY STEPS Sign up for your plan Fund your account with any broker Begin loaning money

30

31 andersonadvisors.com/inc_u/

32 WANT TO SET UP A PLAN [email protected] Call: Cost: $2,000 1st 10 callers will receive a 25% discount on plan setup

33 THANK YOU