Investing in Real Estate with your FRS Retirement Money скачать в хорошем качестве

Investing in Real Estate with your FRS Retirement Money

If you’ve thought about buying real estate with your FRS money, this one’s for you. One of the issues we see with retiring FRS Special Risk participants is if they want to buy real estate investment property in retirement. The problem, is that for most of these retirees, their wealth is inside their FRS Plan, whether it’s their DROP, Deferred Comp, or Investment Plan, and none of those plans allow the purchase of real estate property in the plan. And if you roll the money over to a traditional IRA that doesn’t work either, since real estate is not allowed in your traditional IRA. SO if you want to buy a piece of property it would seem you need to take a big taxable distribution, pay potentially up to 37% in taxes to provide that cash… and nobody wants to do that. In steps the Self-Directed IRA. But be careful! Let’s look at the Pros and Cons