When an opportunity presents itself, you want to be ready to take advantage. But what happens when an investment opportunity arises and your assets are tied up?
It is crucial to work with a firm that can access multiple solutions and investment vehicles. Utilizing a self-directed IRA to access retirement funds for real estate or other opportunities is not uncommon in our practice.
As a real estate developer, Steve knows when a good opportunity arises. When a chance came to purchase a piece of undeveloped land with his son as a personal project and long-term family investment, he didn’t want to miss it.
Being undeveloped, banks don’t traditionally lend on projects like this. To purchase the property, Steve would have to pay cash for the full amount. The issue wasn’t money—Steve’s wealth was tied up in retirement accounts at the time.
By setting up a self-directed IRA, we were able to use Steve’s retirement assets to fund the real estate investment without recognizing any tax consequences from a distribution.
Here are some of the ways we guide clients in making critical decisions and taking control of your finances:
Help Beyond Wealth involves providing comprehensive support that goes beyond financial management, addressing personal and life challenges to ensure overall well-being and security.
Offer Solutions, Don’t Sell Products emphasizes the importance of providing tailored advice and strategies rather than pushing high-commission products, ensuring clients receive genuine value and support.
