Glen Mather, President and CEO of NuView IRA [1], conducted a video webinar [2] on October 18 for the Single-Family Rental Association (SFRA) [3] on individual retirement accounts (IRAs).
Click here to view the webinar. [2]
The following points were covered in the webinar:
- $7.6 Trillion is locked in retirement plans
- Most IRAs are administered by banks or investment brokers
- Types of IRAs
- Traditional
- Roth- No taxes. Ever
- Simple
- SEP
- Other types of accounts
- Independent 401K
- Health Savings Account
- Educational Savings Account
- What NuView IRA Does:
- IRS Reporting
- Investment income and expense services
- Requesting of all documents needed for processing transactions
- Accept contributions and process distributions
- Provide custodial bank
- Investments prohibited
- Life insurance
- Collectibles
- Allowed investments
- Real estate
- Private companies
- Private notes
- Loans
- 3 ways to purchase real estate
- Cash
- Partnership
- Leverage
- With IRAs, you cannot
- Sell, exchange, lease, lend, furnish goods or services, or obtain personal benefit or interest with
- Plan fiduciaries (including owner)
- Plan service providers
- Certain family members
- With IRAs, you cannot
- Purchase property for personal use
- Deal with lineal descendants or ascendants
- Brothers, sisters, aunts, uncles, cousins- NOT disqualified
- Person providing services to plan
- Sell, exchange, lease, lend, furnish goods or services, or obtain personal benefit or interest with