Did you know you could benefit from your real estate investments while growing your retirement account in a tax-deferred status?
It sounds almost too good to be true but since 1974, when the Employee Retirement Income Security Act (ERISA) was enacted, Americans have had the opportunity to accumulate and manage their retirement wealth in a tax-deferred environment. The act has given Self-Directed Individual Retirement Account (SDIRA) owners the option to control the ways their retirement monies are invested. This includes alternative investments such as real estate, tax liens, precious metals, promissory notes, and other alternative assets. A SDIRA account can potentially provide an IRA owner with a number of potential advantages:
Allows for Direct Real Estate Ownership
Investment real estate is a viable option, including residential rentals, commercial, industrial, retail, land, Etc. Having access to IRA balances to purchase investment real estate potentially provides an opportunity for growth and diversification while benefiting from a tax-deferred status.
Income is Tax-Deferred
The income of an IRA that is established correctly, managed correctly, and does not violate IRS guidelines, is allowed to grow tax-deferred in a SDIRA.
Appreciation/Growth is Tax-Deferred
The appreciation/growth of an IRA that is established correctly, managed correctly, and does not violate RIS guidelines, is allowed to grow tax-deferred. For example, the increase in value of real estate could potentially grow tax-deferred in a SDIRA.
Gain on Asset Sales are Tax-Deferred
The gain on the sale of an asset in an IRA that is established correctly, managed correctly, and does not violate IRS guidelines, is tax-deferred. For example, the gain on the sale of a commercial real estate property could potentially grow tax-deferred in a SDIRA.
With the rise of SDIRA, the importance of choosing an excellent custodian is crucial. Provident Trust Group, an Ascensus company, is a third-party SDIRA custodian that provides our clients the ability to save for their future and diversify their alternative investment portfolio. We pride ourselves on our award winning customer experience and intuitive technologies to make the client journey as enjoyable as possible.
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