Asset Exchange Strategies, LLC Announces Key Partnership with Lifestyles Unlimited, INC. for Investing in Real Estate with IRAs
(ContentDesk) December 19, 2005 -- Asset Exchange Strategies, LLC, a leading self-directed IRA advisory firm that enables investors to purchase real estate and other non-traditional assets with an IRA, today announced that it has entered into a key partnership with leading Houston real estate investment and mentor group Lifestyles Unlimited, Inc. (http://www.luinc.com).
As a result of the strategic partnership, Asset Exchange Strategies will be the only company currently providing IRA LLC and other self-directed advisory services to Lifestyles Unlimiteds 4000+ members. With the exceptional tax and retirement benefits that alternative investments enable, especially using an IRA LLC, it is no wonder that their popularity is becoming more mainstream.
Asset Exchange welcomes the opportunity to work with an organization noted as the premier investing club throughout all of Texas, said Daniel Cordoba, Certified Estate Advisor, CEA, and founder of Asset Exchange Strategies, LLC.
Asset Exchange Strategies will be on hand to assist members of the groupwhich enables investors to locate, purchase and manage everything from single-family homes to 200+ unit apartment complexesin purchasing real estate within retirement plans without penalty and paying little or nothing in taxes.
Investors will also obtain greater investing freedom and protection from litigation through Asset Exchanges expertise in creating IRA LLCs, which act as the legal owner of the IRAs portion of the property.
As our investors seek out alternative ways to take control of their financial futures and capitalize on their knowledge of the real estate industry, we have seen a growing interest in self-directed retirement accounts, as can be witnessed from the exceptional turnout at Asset Exchanges recent appearance at our club, said Stephen Davis, vice president of Lifestyles Unlimited.
We are happy to have the leader in this space, Asset Exchange Strategies, as an integral partner in helping to meet our members needs. Lifestyles Unlimited members have conducted thousands of real estate investment transactions since 1990, a large number of them within self-directed IRAs.
The company offers real estate investors a proven system for locating, identifying, purchasing and managing investment real estate to build wealth and cash flow.
The system includes a variety of support services, including mentoring around-the-clock, continuing education and seminars and a resource network.????About Asset Exchange Strategies, LLCAsset Exchange Strategies, LLC advises individuals on how to invest in real estate and other non-traditional assets with their IRAs to obtain greater control over investment options while earning tax favorable income that IRAs enable, offering complete support, advice and reporting for investment transactions.
Similar to a traditional financial advisor, Asset Exchange Strategies, LLC works with investors to assess their unique objectives, risk tolerance and other factors, educate them on options and institute a program that allows them to select from a much greater breadth of investment choices.
Using their knowledge of industry regulations, Asset Exchange Strategies, LLC is able to provide lower fees and greatly expanded investment options.
They also enable investors to have greater control over self-directed IRA investment transactions and reduce investor risks and liability through the protection of a Self-Directed IRA LLC.
Asset Exchange Strategies, LLC is online at http://www.MyRealEstateIRA.com.
Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA
Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis. Roth IRA First, we need a quick summary of the Roth IRA. A Roth IRA is an after-tax retirement vehicle that produces huge tax savings because all tax distributions are tax-free. That statement can a bit confusing, so lets break it down.
The downside of a Roth IRA is the fact that contributions are not tax deductible as with traditional IRAs or 401(k)s. The upside of a Roth IRA, however, is that all distributions are tax-free once the person reaches the age of 59?. So how can you use a Roth IRA to pass money to your child? Opening A Roth IRA For Your Child One of the biggest keys to retirement planning is "time". The more years you spend saving money for retirement, the more you should have when that blessed day arrives. Imagine if you had started...
Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA
Ira > Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA
Roth IRA
The Roth IRA (Individual Retirement Account), named after Senator William V. Roth, Jr., came into effect on January 1, 1998. A result of the Taxpayer Relief Act of 1997, the Roth IRA provides a benefit which is otherwise not available in any other form of retirement savings. If you meet the criteria and subscribe to the Roth IRA, all your savings will be tax-free when you or your beneficiary draws on them.
Another advantage is that you can also avoid the early distribution penalties, which you would otherwise have to pay with any other type of withdrawals.
The picture, however, is not all that rosy. This is because you don't get a deduction when you contribute to the Roth IRS.
But since you already paid the taxes for the money contributed to this account, you don't have to pay any at the time of withdrawal.
You need to meet certain eligibility criteria in order to contribute to the Roth IRA. One basic condition is that you should have earned...
Ira > Roth IRA
Could a Roth IRA be Better Than a 401(k)?
Very few people whom I know are familiar with the benefits of the Roth IRA. It was named for the late Senator William Roth of Rhode Island, who proposed it. It is similar to a traditional IRA except contributions are never tax-deductible. Contributions to traditional IRAs are sometimes deductible or partially deductible, depending on your income and whether or not you have a retirement plan like a 401(k) at work. With Roth IRAs, individuals are limited to incomes of $95,000 ($150,000 for couples) to be eligible for full contribution amounts.However, unlike the traditional IRA, you can withdraw your contributions from a Roth IRA at any time, at any age without penalty.
Earnings are not taxed if you wait until at least age 59 1/2 to begin withdrawing them and have held your Roth IRA for at least five years. With a Roth IRA, the contributions are taxed without any deferment, but they grow tax-free and the gains are never taxed (see above). With a 401(k), contributions are tax-deferred,...
Could a Roth IRA be Better Than a 401(k)?
Ira > Could a Roth IRA be Better Than a 401(k)?