Posts Tagged ‘Retirement’

Members of Megamastermind San Fernando Vallley Learned About 401k for Small Business from Self Directed Retirement Plan Expert

Thursday, October 16th, 2014


Los Angeles, CA (PRWEB) October 07, 2014

Dmitriy Fomichenko, president and founder of Sense Financial Services LLC, joined Pritam Sinha and other members of MegaMasterMind San Fernado Valley at their last meetings. Pritam Sinha, president of MegaMasterMind San Fernado Valley Chapter, has invited Dmitriy to give a presentation on 401k for small business and how it can help their group members to grow a successful retirement fund.

MegaMasterMind is an educational platform for real estate investor. All members gather once a month for a group meeting, where a guest speaker will give a presentation on a real estate investing topic. These educational meetings are crucial to help members learn from the best in the industry.

Joining the September meeting of Megamastermind San Fernando Vallley chapter, Dmitriy Fomichenko, president of Sense Financial Services LLC, introduced members to retirement planning solutions that can help real estate investors improve their retirement portfolio.

Members were introduced to ways to invest their retirement funds in real estate and grow their funds securely and effectively, using investment vehicles that they know best. Joining Megamastermind, members have been provided with all the tools and resources they need to successfully invest in real estate. However, many of them still have all their retirement funds invested in stocks and bonds instead. Dmitriy explained in his presentation that real estate investors can, and should invest in real estate or whichever assets they understand.

This is possible thanks to self directed feature of this 401k for small business. With this feature, account holders can take control of the retirement accounts without the need for a custodian. They will also be able to choose to invest in real estate, among a wide variety of investment options.

Sense Financial is California’s leading provider of retirement accounts with “Checkbook Control”: the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.

To learn more information about Solo 401(k) for self-employed real estate agents, please visit sensefinancial.com.







Smart Strategies for Real Property Investments in Retirement is Focus of Silver Hair Tsunami Panel Featuring Exeter 1031 Exchange Services LLC

Sunday, September 21st, 2014

San Diego, CA (PRWEB) September 11, 2014

Exeter 1031 Exchange Services LLC’s founder, William L. Exeter, is a featured panelist for the Silver Hair Tsunami retirement workshop taking place September 25th from 6-8 p.m. at San Diegos Kona Kai Club located at 1551 Shelter Island Drive. An ensemble of expert advisers spanning real estate, financial planning, and economics will discuss means for securing a long, stress-free retirement.

Silver Hair Tsunami addresses five critical questions to ask when transitioning real property investments. Topics include:

Downsizing your primary residence and minimizing capital gains
How to make the move into a transitional living facility without taxation
Transition rental properties into investments that increase with inflation and avoid capital gains
3 critical time and money saving steps to take before selling any real estate

For more information and to RSVP visit http://www.AllianceGroupRE.com/Event or call 1-800-552-0841. The event is free but space is limited.

Exeter 1031 Exchange Services, LLC is a leading national provider of Qualified Intermediary, Exchange Accommodation Titleholding, and 1031 Exchange Advisory Services for individual, corporate and institutional clients throughout the United States and the world. Exeter administers all types of 1031 Exchange transactions, including Forward, Reverse and Improvement (Build-To-Suit or Construction) 1031 Exchange structures, for real estate, personal property and foreign assets.

Exeter 1031 Exchange Services, LLC has national office locations in San Diego, Los Angeles, Newport Beach, Fresno, and San Francisco, California, as well as Colorado Springs, Colorado; Chicago, Illinois; Pittsburgh, Pennsylvania; East Northport, New York; and Springfield, New Jersey.







Expats Enjoy a Sailing Retirement in the Med, Latin America and Asia from $1,000 a Month InternationalLiving.com

Friday, August 1st, 2014

Baltimore, MD (PRWEB) July 29, 2014

Plenty of everyday people are choosing to live on the water full-timein their retirement, says InternationalLiving.com editor Jason Holland, author of the publications new report. After a bit of training and hands-on experience at home, theyre tying up beside mega-yachts in the Mediterranean, finding large floating communities of like-minded expat sailors in the Caribbean, and island hopping in the Gulf of Thailand, heading wherever their fancy takes them.

According to Holland, This lifestyle can be more affordable than most folks assume, allowing them to live on the water for less than it would cost to stay home. For under $ 100,000, you can buy a well-equipped used sail boat around 40 feet in length, which has plenty of room for two people.

As the report explains, living costs for a couple can be as little as $ 1,000 to $ 1,500 a month, including marina fees (at a full-service marina facility that typically includes water, power, wifi, and other amenities). These fees are usually based on the length of the boat and generally run from $ 150 to $ 600 per month, depending on location. Marinas in Asia and Latin America tend to cost less; those in Europe more.

Expats Carol and Kent Witt anchored throughout the Med during their sailing retirement. We once anchored off Capo Palinuro, south of Italys Amalfi Coast, says Carol. The water there is perfect for swimming and snorkelingtwo of our favorite pastimes. On the cliff overlooking our anchorage was a hotel that charges $ 342 a night. Guests have to walk down a rickety network of several hundred steps to reach the cove that serves as the resorts beach. At night we went ashore and enjoyed the fancy hotels sunset views and ambience for the price of a cocktail.

A sailing life is easier and safer than ever before, thanks to modern technology for navigation and communication, the report reveals.

With GPS for navigation you always know exactly where you are, a safe route to get where youre going and how long itll take to get there, says Holland. You program in the destination, just like with a land GPS. You have radar for monitoring weather. And there are even monitoring systems that help you avoid large commercial ships.

Most folks start with basic sailing classes. Gary Pierce knew nothing about sailing. But that wasnt going to stop me, he says. Over the next four years my wife Julie and I prepared, taking the baby-steps approach to sailboat life. I read everything I could get my hands on about sailing and cruising. We started taking sailing lessons in Kemah, Texas, 90 miles from our home.

The Caribbean offers a well-established boating infrastructure, as well as plenty of deserted islands to explore. Its proximity to the eastern U.S. makes it a great place to try out life at sea. Right now, Im looking at turquoise, clear waters in all directions, says expat Tina Dreffin, 58. The sky is always blue, and the weather is warm year-round. And we catch dinner off the back of the boat. She, along with her husband, Peter, 63, lives aboard the couples catamaran, Freebird, in the Central Exumas of the Bahamas.

Besides the Bahamas, other top spots in the region include Placencia, Belize; Roatan, Honduras, the Bocas del Toro archipelago of Panama; the British Virgin Islands; and the island of Antigua.

Sailors have plied the Mediterranean in their pleasure craft since the days of the Phoenicians, Greeks, and Romans and today expats continue to do so. Weve hopscotched our way along the northern Turkish coast and sailed between Greek islands where everything is blue and whitethe sea, the sand, the sky, and the houses, says Carol Witt. In fact, weve sailed all over the Mediterranean. Anyone can retire like this. I did it at 60 and I wasnt a sailor.

As well as featuring stories from expats who are cruising the Med and Latin America, International Livings report also explores a sailing retirement in Asia, where a couple can enjoy this lifestyle from $ 2,000 a month.

The full report on expats enjoying a sailing retirement, which includes resources to help learn the arts and sciences of sailing, navigation, boat repair and maintenance, and more, can be read here: Find Your Sea Legs with an Affordable Boating Retirement.

Editor’s Note: Members of the media have full permission to reproduce the article linked above once credit is given to InternationalLiving.com.

Media Contact: For information about InternationalLiving.com content republishing, available source material or to book an interview for radio, TV or print with one of our experts, contact Associate Editor Carol Barron, 772-678-0287 (US), CBarron(at)InternationalLiving(dot)com or visit the Media Center. For automatic updates on the most current stories, follow International Living Media on Twitter.

For more than 30 years, InternationalLiving.com has been the leading authority for anyone looking for global retirement or relocation opportunities. Through its monthly magazine and related e-letters, extensive website, podcasts, online bookstore, and events held around the world, InternationalLiving.com provides information and services to help its readers live better, travel farther, have more fun, save more money, and find better business opportunities when they expand their world beyond their own shores. InternationalLiving.com has more than 200 correspondents traveling the globe, investigating the best opportunities for travel, retirement, real estate, and investment.

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Retirees Looking to Use Retirement Funds to Start Family Business for Children, According to IRA Financial Group Survey

Thursday, September 19th, 2013


Miami, FL (PRWEB) September 11, 2013

IRA Financial Group, the leading provider of Self-Directed IRA and Solo 401(k) Plans, has seen an increase number of retirees looking to use their retirement funds to start new businesses with family members. We have heard from a number of retirees who were bored with retirement and were looking to keep busy in retirement while helping their family work in a family business,” stated Adam Bergman, a tax attorney with the IRA Financial Group. According to Mr. Bergman, “a number of retirees have found retirement dull and with the lack of jobs available for their children, have decided to use their retirement funds to start a new business to keep busy while also helping their children with employment opportunities.

The rollover business start-up (ROBS) arrangements typically involves rolling over a prior IRA or 401(k) plan account into a newly established 401(k) plan, which a start-up C Corporation business sponsored, and then investing the rollover 401(k) Plan funds in the stock of the new C Corporation. The funds are then deposited in the C Corporation bank account and are available for use for business purposes. The ROBS strategy has allowed many retirees the ability to use their retirement funds,” stated Mr. Bergman.

With IRA Financial Groups ROBS structure, the limitation imposed using a Self-Directed IRA for a business can be sidestepped because the individual retirement account business owner would not be able to be actively involved in the business, earn a salary, or even personally guarantee a business loan. Whereas, if the business owner used a ROBS strategy, that individual would be able to be actively involved in the business, earn a salary, as well as personally guarantee a business loan without triggering the IRS prohibited transaction rules.

In addition, IRA Financial Groups Solo 401(k) Plan loan feature has been an alternative structure used by many retirees to make investments in an active trade or business. A solo 401k loan is permitted at any time using the accumulated balance of the solo 401k as collateral for the loan. A Solo 401(k) participant can borrow up to either $ 50,000 or 50% of their account value – whichever is less. This loan has to be repaid over an amortization schedule of 5 years or less with payment frequency no less than quarterly. The interest rate must be set at a reasonable rate of interest – generally interpreted as prime rate + 1%. As of 9/1/13 prime rate is 3.25%, which means participant loans may be set at very reasonable Interest rate. The Solo 401(k) plan is a perfect structure for any retiree seeking immediate funds to start a family business.

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.

IRA Financial Group is the market’s leading provider of self-directed IRA LLC checkbook control solutions. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.







Utah Based Retirement Plan Wins Investor Award

Tuesday, June 11th, 2013


Salt Lake City, Utah (PRWEB) June 08, 2013

The Western Pennsylvania Real Estate Investors Association has chosen retirement planning company, Strongbrook as the recipient of the 2013 Best Retirement Solution for 2013. Strongbrook is headquartered in Utah but the company provides retirement solutions across the United States. Their core market is a done=for-you approach to using retirement funds to invest in turn key real estate investments. These investments are 100% backed by real estate and generate income on a monthly basis. In the opinion of the award committee, this approach is superior to other stock based retirement plans. The durability of physical assets that produce a monthly income creates a built-in hedge against market corrections. When the stock market corrects, real money is lost. When the real estate market corrects, the property is still there and providing an income to the investor.

The key to Strongbrooks success is in the way that they do business. Strongbrook buys property in hot markets across the United States. Then they contract with local rehab specialists, and set up property management, so that the investor can have all of the benefits of ownership without all of the hassles of being a land lord or dealing with tenants in any way.

The goal of the investment companys acquisition strategy is to buy a property at below market value in desirable neighborhoods with good school systems, and the make-a-better-than-average return for their clients. According to WPREIA President Josh Caldwell, the beauty of this plan is that you can have a retirement income, without having to burn through your assets. To do the same in a stock or gold investment, you would need to sell you asset to generate a monthly income. Real estate provides the income, and Strongbrook does all of the work, what could be easier than that?

Some of the unique aspects of the Strongbrook approach include the fact that an investor can use the money from their IRA to invest in this asset class. Investors can also tap non-traditional sources of income like home equity in order to profitably leverage their money. The most powerful feature of the Strongbrook retirement opportunity is that it does not take much money to get started. The reason for the low cost of entry into what has traditionally been an expensive asset class is that Strongbrook will finance property to a retirement investor and allow a working person to leverage their funds so that more money can be accumulated for retirement.

Investing in real estate is not for everyone. Strongbrook creates a free, customized retirement blueprint for each potential investor, so that the investor can review the opportunity without any obligation. For more information, just click the link above.







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