Do You Want Your Kids to Retire Wealthy

If you have advised your children to invest in a Roth IRA as early as they have started earning money, you have given them one of the best pieces of advice that they will ever receive. With this you have started them early in their lives to begin their retirement planning.

In fact it is one of the smartest money moves a young person can make. With Roth IRA money grows absolutely tax free, and you won’t owe Uncle Sam a dime when you cash it out on retirement if you follow the rules.

Moreover, the Roth IRA accumulation can be parked as investment in almost whatever you want, from stocks and mutual funds to bonds and real estate as compared to 401(k) and other retirement plans.

Advantages
• An investor can withdraw up to the total of his or her contributions without tax or penalty at any time from his/her Roth IRA account.

• If Traditional IRA has been converted into a Roth IRA then after “seasoning” period, currently five years, a Roth IRA owner may withdraw up to the total of the converted amount.

• If Roth IRA account is “seasoned” (established for five or more years), earnings withdrawals become automatically qualified in the tax year the participant reaches age 59.5 or becomes disabled whichever is earlier.

• If the Roth IRA owner, their spouse, or their lineal ancestors and descendants purchase a principal residence out of withdrawals from Roth IRA account, up to $10,000 in earnings withdrawals are considered qualified. It must be remembered that the owner or qualified relative who receives the “first time homeowner” distribution must not have owned a home in the previous 24 months.

• In case a Roth IRA owner dies, and his/her spouse becomes the sole beneficiary of that Roth IRA. If he/she also owns a separate Roth IRA, he/she is permitted to combine the two Roth IRAs into a single account without penalty.Fourth point is quite attention worthy for the realtors and real estate investors, most of whom do not know that IRA funds can be invested in real estate. In fact not only IRA funds but 401k funds are there for real estate investing.

This is a win-win deal for both Roth IRA owner and a realtor as the owner would be able to get much better returns for their money and a realtor would earn commissions galore by tapping this largely untouched market. Both will retire wealthy. Still not convinced, there is a seminar on December 3, 2007 at South San Francisco, CA organized by Wealthy IRA where a powerhouse team of experts would dwell on…

• The “unknown IRS code” that allows IRA funds to be invested in Real Estate.
• How you can buy and sell real estate within your IRA, 100% TAX FREE!
• The legal and tax ramifications of investing your IRA in Real Estate.
• How it’s possible to turn a $40,000 IRA into a $350,000 IRA!