Friday, May 18, 2012

Is It Time to Reconsider Your Investments?

Did you know that you could make monthly withdrawals from your IRA, without penalty, to purchase real estate - investment property, second home or primary residence? This can be done even before you turn 59 1/2, as long as you take substantially equal periodic payments based upon a formula set out by the tax code. 

And, by using the money to pay a mortgage on real estate, the savings in the mortgage interest deduction can off-set the tax owed on the withdrawal. This is a great way to shift your assets from highly taxed IRA to real estate with better tax benefits. Read More from the IRS about it at:,,id=103045,00.html

It's a great time to purchase real estate and this could be a vehicle to help you with that.

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