Finally, a real estate club that makes a difference. The Michigan Real Estate Investors Club has opened its meetings to the public. And attendance is quite s…
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Posts Tagged ‘Detroit’
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Saturday, August 30th, 2014House Hunters Episode Features Detroit REALTOR, Christa Buchanan With Real Estate One
Friday, May 2nd, 2014
Troy, MI (PRWEB) April 25, 2014
The House Hunters episode focuses on the search for a 1920s historic home in the Royal Oak area of Michigan, a suburb of Detroit. The couple looking had a very tight schedule, giving their REATOR
IRA Financial Group Clients Using Self-Directed IRA and Solo 401(k) Plans to Purchase Detroit and Puerto Rico Debt, According to an IRA Financial Group Monthly Report
Tuesday, October 1st, 2013
Miami, FL (PRWEB) September 24, 2013
IRA Financial Group, the leading provider of checkbook control self-directed IRA and Solo 401(k) Plans announces the finding of its monthly report which found that an increasing number of retirement investors were looking to purchase distressed municipal debt, such as Detroit and Puerto Rico debt using their self directed IRA LLC or Solo 401(k) Plan accounts. We have seen a surge in interest from retirement account investors looking to use a tax-deferred self-directed IRA or Solo 401(k) Plan account to buy Detroit and Puerto Rico bonds at depressed prices, Stated Adam Bergman, a tax attorney with the IRA Financial Group. Detroit’s bonds have become a very hot topic with self-directed retirement investors since the Motor City filed for the largest municipal bankruptcy two weeks ago, stated Mr. Bergman.
According to Mr. Bergman, many retirement investors who have some experience investing in troubled or bankrupt companies think these bonds will turn out to be lucrative in the long run.
The problem is there aren’t that many available. Typically when a taxpayer purchases a municipal bond, such as Detroit, one of the advantages is that the interest generated by the bond is exempt from tax, which is quite attractive to high net worth individuals. Such a tax exemption is typically not very attractive to tax-exempt investors, such as a pension plan or IRA since they are already exempt from tax. Interestingly, retirement investors have shown strong interest in purchasing tax-exempt municipal debt, such as Detroit, Puerto Rico, and Illinois even without the added tax benefit, stated Mr. Bergman.
The primary advantage of using a Self Directed IRA LLC and Solo 401(k) Plan to make investments is that all income and gains associated with the IRA investment grow tax-deferred.
Using IRA Financial Groups self directed IRA LLC with checkbook control solution to make investments offers a number of very interesting investment opportunities, including the ability to diversify ones retirement portfolio with real estate, precious metals, and other alternative investment options. With IRA Financial Groups self directed IRA LLC solution or Solo 401(k) Plan, traditional IRA or Roth IRA funds can be used to make non-traditional investments, such as real estate to better diversify themselves from a falling stock market.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
The Transportation Club of Detroit Appoints Two from MRPR to Serve in Leadership Roles
Tuesday, March 5th, 2013
Southfield, Michigan (PRWEB) February 28, 2013
MRPR Group CPAs & Advisors is pleased to announce that two firm members will be filling important roles with the Transportation Club of Detroit. Greg Zink, Principal, has been appointed to the Board of Directors and Wyatt Sweeney, Manager of Business Development, will be serving as a Scholarship Trustee. Both of these gentlemen have experience working in the Transportation industry and have distinguished themselves as trusted advisors amongst the TCD and other transportation organizations by sharing their knowledge and understanding of the industry and its operations.
The fact that the TCD accepted their nomination and then appointed both Greg and Wyatt to these important positions shows the great level of respect the organization has for MRPR and their familiarity with the Transportation industry.
MRPR is an accounting firm, but seeing Greg and Wyatt in actionyou wouldnt know itthey fit right in! says Harry Zoccoli, Past TCD President and Board Member. They show up and get involved with the Club. I am pleased to see that they are stepping into these leadership positions.
Greg Zink, Principal, has been with MRPR since 1985. Over the years, Greg has gained a special expertise in the trucking industry and has developed a transportation practice within the firm. He has been active in the TCD for four years and is also a member of the Michigan Trucking Association.
Wyatt Sweeney has been working as Manager of Business Development for MRPR Group since 2008. Throughout his tenure, he has worked extensively with Greg on enhancing MRPRs presence within the transportation community. Wyatt has also been an active member with the TCD for four years.
The TCD is a great organization with a great nucleus of members that truly care and promote the Transportation industry in the Detroit region, says Zink. The Clubs goals include providing scholarships to college students ($ 30,000 this past October) and giving TCD members an avenue to participate in the clubs community efforts and events. Long-term goals include supporting initiatives such as transforming the Detorit region into a transportation and logistics hub which Wyatt and I have been promoting as well.
The Transportation Club of Detroit is a nonprofit organization headquartered in Livonia, Michigan. The club, which is organized on a membership basis, exists to promote and encourage the highest standards of education and technical competence among the members of the transportation industry.
Founded in 1974, MRPR Group CPAs & Advisors is a full-service certified public accounting and business advisory firm based in Southfield, Michigan. As an integral part of the SE Michigan business community since that time, MRPR Group is a leader among Michigan CPA firms, serving small to medium sized closely-held companies in various industries, including transportation and distribution, manufacturing, construction and real estate, engineering, technology and software as well as not-for-profit organizations. The team at MRPR Group is dedicated to Five Star Client Service and to proactively helping clients achieve their financial and business goals by offering innovative ideas and solutions that contribute to their success. Contact MRPR at (248) 357-9000 or visit http://www.mrpr.com to learn how Selecting the Right CPA Firm for Your Company will benefit you and your business.
