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NuView IRA CEO Hosts Webinar for Single-Family Rental Association

computersGlen Mather, President and CEO of NuView IRAconducted a video webinar on October 18 for the Single-Family Rental Association (SFRA) on individual retirement accounts (IRAs).

Click here to view the webinar.

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

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

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